Overland Park Kansas residential real estate update ~ August 2022

The Jason Brown Group

Overland Park Kansas Real Estate Update

There were 128 homes sold (closed) in Overland Park Kansas the past 15 days. Comparing that sales volume to the 130 homes currently for sale in Overland Park, the city has 0.5 months of inventory on the market. This volume of real estate inventory indicates a strong seller’s market in Overland Park and a lack of home inventory to meet buyer demand. The average new listing the past 15 days in Overland Park Kansas came on the market in the $500’s price range, while the average sales price of homes closed during the same time period was in the $480’s.

Type # Average $ Avg DOM
Listings Past 15 Days 130 $503,406
Total Active Listings 272
Newest Contracts Written 127 $447,189 14
Sold (closed) Past 15 Days 128 $488,637 3

* 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 last 128 homes sold in Overland Park Kansas were on the market an average of 3 days, while the most recent 127 homes to go under contract did so in 14 days on average. We look forward to helping you assess the effect these market stats have on your your real estate investment and the decisions you make when buying or selling an Overland Park Kansas home.

The Jason Brown Group provides expert home seller representation, helping home sellers maximize their real estate investments by selling quickly and for top dollar. We provide expert home buyer representation, helping home buyers locate the best available homes on the market, while providing guidance all the way through the real estate process. Learn more about how we can help you with selling an Overland Park home or buying an Overland Park home.

We look forward to helping you achieve your real estate goals… Contact Jason Brown today!

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Posted by Jason Brown

Overland Park Kansas Real Estate Update – May 2010

Checking The Pulse Of The Kansas City Real Estate Market
Real Estate Info for The City of Overland Park Kansas
Recent
15 Days of Overland Park KS Market Activity

Below are the past 15 days of market stats for real estate in the city of Overland Park Kansas. We can figure the absorption rate using these figures and doing so then tells us there’s currently 4.1 months of inventory in Overland Park. This is much better than we’ve seen in other areas and even in Overland Park recently. The improvement lies in an average of a 264 per month sale pace. Even more impressive is the 190 contracts written over the same period. That is no doubt fueled by the tax credit that ended last week — yet still great to see.

Type
#
Average $
Avg DOM
Listings Past 15 Days
179
$283,277
Total Active Listings
1,085
Newest Contracts Written
190
$246,181 93
Newest Sold (Closed)
132
$254,289 86

* 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.

Home sellers are still pricing their homes higher than what the market is bearing however. The average list price was $283,277, which is about $30,000 higher than the average home sold for over the same period. If you’re considering buying or selling real estate in Overland Park Kansas, we look forward to assisting you. We’ll give you the market stats and representation to make an informed decision.  Please let me know when you’re ready for personalized real estate service.

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Posted by Jason A. Brown