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 7.6 months of inventory currently on the market. This amount of inventory is considered a buyer’s market in the Olathe area. But the 90 homes that went under contract during this time is an impressive amount of market activity and good news for Olathe home sellers. If we were to assume that all those homes will close (and use that sales rate to recalculate the absorption rate), there’s 3.8 months of inventory on the market in Olathe.
| Type | # | Average $ | Avg DOM |
| Listings Past 15 Days | 88 | $242,395 | – |
| Total Active Listings | 699 | – | – |
| Newest Contracts Written | 90 | $195,018 | 138 |
| Newest Sold (Closed) | 46 | $204,888 | 113 |
* 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 sales price the past 15 days in Olathe was nearly $205,000, while the average list price was about $242,000. If you’re 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 an Olathe Kansas home and with buying an Olathe Kansas home. Please contact us and let us know how we can help you achieve your real estate goals.
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Posted by Jason Brown
