Hands On The Heartland
Checking The Pulse Of The Kansas City Real Estate Market
Real Estate Info for The City of Olathe Kansas
Recent 15 Days of Olathe KS Market Activity
Using the past 15 days of Olathe Kansas real estate stats to figure the absorption rate in the area, there’s currently 5.4 months of inventory on the market. Absorption rates tell us how long it will take to eat up the current inventory at the sales rate over the chosen period. Having just over 5 months of inventory on the market is good in our current real estate market and is close to a stable market. Although average sales prices are down compared to recent years, it’s excellent that the average priced new listing is perfectly in line with the average sale price over the past 15 days in Olathe KS. Seller’s certainly appear to be pricing their homes more appropriately than in recent months.
Type |
# |
Average $ |
Avg DOM |
Listings Past 15 Days |
135 |
$240,831 |
– |
Total Active Listings |
1,008 |
– |
– |
Newest Contracts Written |
63 |
$229,732 | 101 |
Newest Sold (Closed) |
94 |
$238,534 | 119 |
* 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.
The average home sold in 4 months and that’s a little higher than most sellers would like to see. Market stats like these can tell you a lot about an area. As an Olathe real estate expert, I’m constantly analyzing the market stats in Olathe, Johnson County Kansas and the surrounding Kansas City area to help my clients make the best real state decisions. If you’re considering selling or buying a house in the Olathe Kansas, I look forward to assisting you.
View Past Real Estate Stats On Olathe KS
View All Listed Olathe Kansas Homes For Sale
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Posted by Jason A. Brown