Checking The Pulse Of The Kansas City Real Estate Market
Posted by Jason Brown
Checking The Pulse Of The Kansas City Real Estate Market
Posted by Jason Brown
Checking The Pulse Of The Kansas City Real Estate Market
Prairie Village Kansas Real Estate Update
Recent Real Estate Market Activity In Prairie Village KS
Looking at the past 15 days of real estate sales activity in the city of Prairie Village Kansas and comparing it to the current volume of homes for sale in the city, we find there’s 1.7 months of inventory on the market. This amount of inventory indicates a strong seller’s real estate market in the city of Prairie Village. The average new listing the past 15 days came on the market around $258,000, while the average sales price during the same time period was around $224,000.
Type | # | Average $ | Avg DOM |
Listings Past 15 Days | 29 | $258,019 | — |
Total Active Listings | 80 | — | — |
Newest Contracts Written | 37 | $342,286 | 71 |
Sold (closed) Past 15 Days | 23 | $224,243 | 26 |
* 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 23 homes sold in Prairie Village Kansas were on the market an average of 26 days. Things are moving briskly in Prairie Village Kansas and we can help you buy or sell an area home. Please contact us with any real estate questions you may have and you can start the process by finding detailed real estate info here on selling a Prairie Village Kansas home and buying a Prairie Village Kansas home.
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Posted by Jason Brown
Checking The Pulse Of The Kansas City Real Estate Market
Prairie Village Kansas Real Estate Update
Recent Real Estate Activity In Prairie Village KS
Using the past 15 days of real estate sales activity in Prairie Village Kansas to calculate the city’s absorption rate, we find there’s 3.6 months of inventory currently on the market. This amount of inventory is considered a seller’s real estate market in the city of Prairie Village. The last 12 homes sold (closed) in Prairie Village Kansas were on the market an average of 103 days and had an average sales price of nearly $158,000.
Type | # | Average $ | Avg DOM |
Listings Past 15 Days | 14 | $225,554 | — |
Total Active Listings | 87 | — | — |
Newest Contracts Written | 14 | $249,807 | 72 |
Sold (closed) Past 15 Days | 12 | $157,642 | 103 |
* 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 price of the 14 newest listings on the market in Prairie Village is nearly $226,000. If you are considering buying or selling a home in Prairie Village Kansas, my real estate group can help you locate the homes that fit need your needs and complete the real estate transaction. Find more details on selling a Prairie Village Kansas home and with buying a Prairie Village Kansas home. If you have any questions, please contact us for assistance.
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Posted by Jason Brown
Type |
# |
Average $ |
Avg DOM |
Listings Past 15 Days |
20 |
$182,583 |
– |
Total Active Listings |
142 |
– |
– |
Newest Contracts Written |
7 |
$250,686 | 102 |
Newest Sold (Closed) |
11 |
$199,455 | 58 |
* 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.
Using the past 15 days of market stats in the above chart, we can figure the absorption rate in Prairie Village to be 6.4 months of inventory on the market. Looking at absorption rates provides valuable information on the supply and demand of real estate in Prairie Village. 6.4 months of inventory is high and clearly it’s a Buyer’s market in Prairie Village. But 6 months of inventory isn’t like the upper bracket communities where some are seeing 2 years of inventory on the market. It’s also good to see such a high average price ($250,686) for the 7 homes that did go under contract the past 15 days. That’s much higher than the $199,455 average sales price over the same period. The 20 homes that came on the market also appear priced well overall.
Prairie Village is an excellent community for home buyers who want reasonably priced homes that have character and intangibles like tree-lined streets. If you’re considering selling or buying a Prairie Village Kansas home, you’ll need more than just 15 days of market stats. You’ll also need to see the market stats specific to the subdivision, zip code (and sometimes even the block) that interests you most. As your Prairie Village Realtor, we’ll get you the market information you need to make an informed real estate decision.
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