Hands On The Heartland
Checking The Pulse Of The Kansas City Real Estate Market

City of Lenexa KS Real Estate Update
Past 15 Days of Lenexa Kansas Real Estate Stats

* The Average $ of Newest Contracts considers the price the homes were listed at when they went under contract. Data pulled from Heartland MLS and deemed reliable but not guaranteed. Low samplings in any category can skew results.  Stats may not be an exact 15 days from date of this post.  DOM = Days On Market.

Lenexa KS Real Estate

Using these past 15 days of market stats to figure the absorption rate in Lenexa Kansas, there’s currently 6.9 months of inventory on the market. The most glaring fact I see here is that the average list price over the past 15 days was $271,246, while the average sales price over the same period was much lower — $221,218. Additionally, the average current list price of the homes that went under contract was an even lower $170,710.

Without a doubt, the average Lenexa home value is higher than the average list price seen over these 15 days ($170,710) and this is a good example of how a 15 day sampling of market activity does not tell the whole story about a real estate community. So take this snap shot with a grain of salt. It may show a pattern forming but you also need to look at month over month and year over year to determine an areas long-term trends. Market conditions in the City of Lenexa will also vary greatly from one area of the city to another, so be sure you take a look at a specific community’s stats – in addition to the general city stats – when making a decision to purchase or sell Lenexa Kansas real estate.  If you want to discuss these stats or obtain specific subdivision stats you may post a reply below or email me directly.

View Past Lenexa KS Real Estate Stats

Lenexa KS Buyer’s Agents

Lenexa KS Listing Agents

View All Lenexa Homes On Kansas City MLS

Posted by Jason A. Brown

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