Checking The Pulse Of The Kansas City Real Estate Market
Real Estate Statistics On Olathe Kansas
15 Day Glance At The Olathe KS Real Estate Market
After calculating the absorption rate over the past 15 days in Olathe Kansas, we find the city has 8.2 months of inventory currently on the market. This amount of inventory indicates a buyer’s market in Olathe Kansas. When we checked Olathe’s market stats in October the city had 6.6 months of inventory. Although there were more homes on the market at that time in Olathe, the sales rate was 40% higher and thus eating quicker into the available inventory of homes. The past 15 days, the average new listing in Olathe came on the market at $202,601, while the average sales price over the same period was $194,613.
| Type | # | Average $ | Avg DOM |
| Listings Past 15 Days | 71 | $202,601 | – |
| Total Active Listings | 785 | – | – |
| Newest Contracts Written | 57 | $210,700 | 182 |
| Newest Sold (Closed) | 48 | $194,613 | 176 |
* 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 (closed) the past 15 days did so in 176 days. If you are making plans to buy or sell a home in Olathe Kansas, we look forward to guiding you through the process. Here’s information on how we can assist you with selling your Olathe KS home and with buying an Olathe KS home. Please contact us with any questions you may have and my group looks forward to assisting you.
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Posted by Jason Brown
