Tag Archives: Overland Park MLS Listings

Overland Park Kansas Real Estate Market Update – April 2013 Update

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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.

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Overland Park Kansas Real Estate Market Update – January 2013 Update

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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.

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Overland Park Kansas Real Estate Market Update – April 2012

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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 5.2 months of inventory currently on the market. This amount of inventory indicates a balanced real estate market and the city of Overland Park yet again establishes itself as one of the strongest real estate markets in the Kansas City metro area. The homes that sold (closed) the past 15 days in Overland Park were on the market an average of 125 days.

Type # Average $ Avg DOM
Listings Past 15 Days 194 $318,285 –
Total Active Listings 819 – –
Newest Contracts Written 130 $269,703 70
Newest Sold (Closed) 78 $259,164 125

* 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 of the last 78 homes to sell in Overland Park was just over $259,000, while the average new listing the past 15 days came on the market at just over $318,000. If you’re making plans to buy or sell a home in Overland Park Kansas, my group is ready to guide you through the buying or selling process. Here’s information on how we can assist you with selling an Overland Park KS home or with buying an Overland Park KS home. Please contact us with any questions.

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Overland Park Kansas Real Estate Market Update – January 2012

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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 5.9 months of inventory currently on the market. This amount of inventory is considered a balanced real estate market, which is great news for Overland Park home sellers. Seeing 94 homes go under contract the past 15 days is even more impressive than 63 homes sold (closed) during the past 15 days. These market stats in Overland Park are all the more impressive considering the time of year.

Type # Average $ Avg DOM
Listings Past 15 Days 117 $267,812 –
Total Active Listings 744 – –
Newest Contracts Written 94 $272,704 131
Newest Sold (Closed) 63 $245,390 163

* 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 Overland Park was about $245,000, while the average new listing came on the market at nearly $268,000. If you are making plans to buy or sell a home in Overland Park Kansas, my group looks forward to guiding you through the process. Here’s information on how we can assist you with selling your Overland Park home or with buying an Overland Park home. Please don’t hesitate to contact us with any questions you may have.

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Overland Park Kansas Real Estate Update – July 2010

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

After figuring the real estate absorption rate over the past 15 days in Overland Park Kansas, we find that there’s 6.4 months of inventory on the market.   This is higher than we’ve seen recently in Overland Park and a pace of 184 sales per month in the city is not enough to eat up the nearly 1200 homes currently for sale. The number of homes that went pending is similar to the number of homes sold (closed) over the same 15-day period and an indication that the sales rate hasn’t picked up in recent weeks.

Type
#
Average $
Avg DOM
Listings Past 15 Days
 166 $294,263
–
Total Active Listings
 1,184
–
–
Newest Contracts Written
 101 $253,341 109
Newest Sold (Closed)
 92 $281,283 94

* 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.

If you’re planning on buying or selling a home in Overland Park Kansas, we’ll provide you expert real estate guidance. Overland Park Kansas has many wonderful communities and price ranges so please let me us know more about your search parameters and needs. We can then use the information to set you up to receive automatic email updates when new listings hit the market.

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Overland Park Kansas Real Estate Update – March 2010

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

Using the past 15 days of market stats in the chart below to figure the absorption rate in Overland Park, there’s 8.7 months of inventory currently on the market. This is high but the stats should be taken with a grain of salt since the weather led to low traffic and contracts being written in December and January. It’s also noteworthy that there were 109 homes that went under contract over the past 15 days. If all of those were to make it to closing and we figured the absorption rate in Overland Park on that figure, the days on market would be a vastly improved 4.5 months of inventory.

Type
#
Average $
Avg DOM
Listings Past 15 Days
 195
 $275,831
–
Total Active Listings
 986
–
–
Newest Contracts Written
 109
 $229,700 66
Newest Sold (Closed)
 57
 $233,967 78

* 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.

Should you prefer a longer sales history to figure the months of inventory on the market in Overland Park, we can use the past 12 months instead. Over the past year, there were 2,333 homes sold in the city. Comparing that demand to the 986 home supply we have now, there’s 5.1 months of inventory on the market in Overland Park. If you are considering selling or buying an Overland Park Kansas home, I’d look forward to assisting you. Market conditions are pivotal in most home buying and selling decisions, so please let me know more about your situation and how I can assist you.

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