Overland Park Kansas Real Estate Market Update – April 2013 Update

Checking The Pulse Of The Kansas City Real Estate Market

Overland Park Kansas Real Estate Update
Recent Real Estate Market Activity In Overland Park KS

Looking at the past 15 days of real estate sales activity in the city of Overland Park Kansas and comparing it to the current volume of homes for sale in the city, we find there’s 4.8 months of inventory on the market. This amount of inventory indicates a balanced real estate market in the city of Overland Park. Be sure to note the incredible 191 homes that went under contract the past 15 days. If anything close to that rate continues, this spring will end up being outstanding one for Overland Park home sellers.

Type # Average $ Avg DOM
Listings Past 15 Days 239 $281,248
Total Active Listings 572
Newest Contracts Written 191 $282,358 65
Sold (closed) Past 15 Days 59 $253,911 100

* 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 new listing the past 15 days came on the market around $281,000, while the average sales price over the same period was nearly $254,000. We can assist you with buying or selling a home in Overland Park, so please contact us with the details of your home purchase or sale. You can also find details here regarding selling an Overland Park Kansas home and buying an Overland Park Kansas home.

Overland Park Kansas Real Estate Information

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Posted by Jason Brown

 

Overland Park Kansas Real Estate Market Update – February 2013 Update

Checking The Pulse Of The Kansas City Real Estate Market

Overland Park Kansas Real Estate Update
Recent Real Estate Market Activity In Overland Park KS

Looking at the past 15 days of real estate sales activity in the city of Overland Park Kansas and comparing it to the current volume of homes for sale in Overland Park, we find there’s 5.4 months of inventory in the city. This amount of inventory indicates a balanced real estate market in the Overland Park and the average new listing the past 15 days came on the market around $265,000.

Type # Average $ Avg DOM
Listings Past 15 Days 158 $264,597
Total Active Listings 531
Newest Contracts Written 145 $275,443 57
Sold (closed) Past 15 Days 49 $265,354 97

* 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) in Overland Park the past 15 days had a sales price of nearly $265,000 and was on the market 97 days. If you are considering buying or selling a home in Overland Park, please contact us with any real estate questions you have or to request market stats specific to your area of interest. You can also find more details here regarding selling an Overland Park Kansas home and with buying an Overland Park Kansas home.

Overland Park Kansas Real Estate Information

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Posted by Jason Brown

 

Overland Park Kansas Real Estate Market Update – January 2013 Update

Checking The Pulse Of The Kansas City Real Estate Market

Overland Park Kansas Real Estate Update
Recent Real Estate Market Activity In Overland Park KS

Looking at the past 15 days of real estate sales activity in Overland Park Kansas and comparing it to the current volume of homes for sale in the city, we find there’s 7.5 months of inventory on the market. This amount of inventory indicates a buyer’s real estate market in the city of Overland Park. While the low number of homes sold (35 homes closed) was surprising, what’s really interesting is the huge number of homes that went under contract (127) during the same period. If we were to assume all those homes will make it to closing, and use that sales rate rather than the homes sold, it would calculate to 2.1 months of inventory — a low volume of inventory that we haven’t seen in nearly a decade in Overland Park.

Type # Average $ Avg DOM
Listings Past 15 Days 119 $281,545
Total Active Listings 528
Newest Contracts Written 127 $253,944 95
Sold (closed) Past 15 Days 35 $238,908 83

* 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 new listing the past 15 days came on the market around $281,000, while the average sales price was nearly $239,000. We can assist you with buying or selling a home in Overland Park, so please contact us with all of your real estate related questions. You can also find more details here regarding selling an Overland Park Kansas home and with buying an Overland Park Kansas home.

Overland Park Kansas Real Estate Information

Search All Overland Park Kansas MLS Listing

View More Local Market Stats

Listing Agents In Overland Park Kansas

Buyer’s Agents In Overland Park Kansas

Posted by Jason Brown

 

Overland Park Kansas Real Estate Market Update – November 2012 Update

Checking The Pulse Of The Kansas City Real Estate Market

Overland Park Kansas Real Estate Update
Recent Real Estate Activity In Overland Park

Using the past 15 days of real estate sales activity in Overland Park Kansas to calculate the city’s absorption rate, we find there’s 4.5 months of inventory currently on the market. This amount of inventory is considered a slight seller’s real estate market in the city of Overland Park. The average sales price the past 15 days in Overland Park was nearly $260,000, while the average new listing came on the market around $282,000.

Type # Average $ Avg DOM
Listings Past 15 Days 85 $282,243
Total Active Listings 641
Newest Contracts Written 86 $286,005 94
Sold (closed) Past 15 Days 72 $259,655 101

* 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 days on market is trending slightly higher in Overland Park, with the last 72 homes sold having been on the market an average of 101 days. Should you be making plans to buy or sell a home in Overland Park Kansas, my real estate group can help guide you through the process. You can locate detailed information on my website regarding selling an Overland Park Kansas home and with buying an Overland Park Kansas home. If you have specific questions, please contact us for assistance.

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Posted by Jason Brown

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