Checking The Pulse Of The Kansas City Real Estate Market
Real Estate Statistics On Overland Park Kansas
15 Day Glance At The Overland Park KS Real Estate Market
After calculating the absorption rate over the past 15 days in Overland Park Kansas, we find the city has 6.0 months of inventory currently on the market. This amount of inventory is considered a buyer’s market but not far from getting Overland Park into a balanced real estate market. Fewer homes have gone under contract the past 15 days than have sold (closed) and since all pending sales don’t close, that’s a trend worth tracking.
| Type | # | Average $ | Avg DOM |
| Listings Past 15 Days | 101 | $241,195 | – |
| Total Active Listings | 989 | – | – |
| Newest Contracts Written | 77 | $253,321 | 164 |
| Newest Sold (Closed) | 82 | $276,392 | 130 |
* The Average $ of Newest Contracts Written considers the list price when the homes went under contract. Data pulled from Heartland MLS and deemed reliable but not guaranteed. Low samplings in a category can skew results. Stats cover approximately 15 days from post date. DOM = Days On Market.
The average home sold the past 15 days did so in just over 4 months time. The average sales price of more than $276,000 was higher than the average new listing to come on the market over the same period – which is a solid trend. Should you be making plans to buy or sell a home in Overland Park Kansas, my group looks forward to guiding you through the process. Here’s some information about how we can assist you with selling your Overland Park home and buying an Overland Park area home. Please contact us with any questions!
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Posted by Jason Brown
