Tag Archives: Real Estate For Sale In Overland Park

Overland Park Kansas Real Estate Market Update – March 2012

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Checking The Pulse Of The Kansas City Real Estate Market

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 6.1 months of inventory currently on the market. This amount of inventory indicates a balanced real market in Overland Park Kansas. 62 homes sold the past 15 days but look at the number of homes that went under contract — 155. That’s a huge number and if we were to use that figure (instead of the homes sold/closed) to calculate the absorption rate, there’s 2.5 months of inventory on the market in Overland Park.

Type # Average $ Avg DOM
Listings Past 15 Days 193 $297,373 –
Total Active Listings 761 – –
Newest Contracts Written 155 $272,167 109
Newest Sold (Closed) 62 $275,450 141

* 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 Overland Park real estate market continues to be one of the most resilient markets in the Kansas City metro area. If you’re making plans to buy or sell a home in Overland Park KS, we look forward to guiding you through the process. Here’s information on how we can assist you with selling your Overland Park Kansas home or with buying an Overland Park Kansas home. Please contact us with any questions you may have and we look forward to assisting you.

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Posted by Jason Brown

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Overland Park Kansas Real Estate Market Update – December 2011

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Checking The Pulse Of The Kansas City Real Estate Market

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 6.5 months of inventory currently on the market. This amount of inventory is considered a buyer’s market, though it’s just outside the 5 month threshold that would be considered a balanced real estate market. The homes that sold (closed) the past 15 days in Overland Park, did so in an average of 103 days.

Type # Average $ Avg DOM
Listings Past 15 Days 48 $244,212 –
Total Active Listings 801 – –
Newest Contracts Written 70 $246,463 121
Newest Sold (Closed) 62 $237,577 103

* 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 sales price in Overland Park the past 15 days was nearly $238,000 and the average new listing came on the market around $244,000. If you’re planning to buy or sell a home in Overland Park Kansas, we look forward to providing you the information to make an informed real estate decision. Here’s more info on how we can assist you with selling your Overland Park home or with buying an Overland Park home. Please contact us with any questions you may have and we look forward to assisting you.

Overland Park Kansas Relocation Information

Search Overland Park Kansas Homes For Sale

View Additional Real Estate Stats On Overland Park

Our Overland Park Kansas Buyer’s Agent Services

Our Overland Park Kansas Listing Agent Services


Posted by Jason Brown

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Overland Park Kansas Real Estate Update – April 2010

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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

Using the past 15 days of Overland Park market stats below, we can calculate that there’s currently 7.1 months of inventory on the market. This is high and clearly it’s still a buyer’s market overall in the city of Overland Park. To work off the 1,100+ homes for sale in the city, we’ll need to close homes at a rate better than 160 per month. It is a concern that the average seller in Overland Park the past 15 days believes there home is worth about $300,000, while the average sales price over the same period was around $233,000.

Type
#
Average $
Avg DOM
Listings Past 15 Days
 253
 $300,017
–
Total Active Listings
 1,132
–
–
Newest Contracts Written
 161
 $244,901 76
Newest Sold (Closed)
 80
 $232,804 95

* 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.

Despite the numbers above, Overland Park outpaces much of the area in stability and has many of the most sought after residential areas. If you’re considering selling or buying an Overland Park Kansas home, you’ll need more than just 15 days of market stats. You’ll also need market stats specific to the subdivision or home communities that interest you most.  We’re ready to go to work as your Overland Park Realtors, so don’t hesitate to let us know how we can assist you with your area home purchase or sale.

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Posted by Jason A. Brown

Overland Park Kansas Real Estate Update – October 2009

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Hands On The Heartland
Checking The Pulse Of The Kansas City Real Estate Market


City of Overland Park KS Real Estate Update
Past 15 Days of Overland Park Kansas Real Estate Stats
Type
#
Average $
Avg DOM
Listings Past 15 Days
 131 $237,676
–
Total Active Listings
 1,025
–
–
Newest Contracts Written
 127 $233,480 86
Newest Sold (Closed)
 121 $253,403 126

* 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.

Overland Park KS

Overland Park KS

Using these past 15 days of market stats to figure the absorption rate in Overland Park, there’s currently 4.2 months of inventory on the market.  This is good in our current real estate market and continues to show that Overland Park is one of the most solid real estate markets in the Kansas City area. It’s good to see that almost as many homes sold (121) as homes that came on the market (131) during this 15 day period.

Even better news is the $253,000 average sales price, which is even higher than the average sales price of the homes that came on the market. This is not something I’d expect to see in our current. Now do keep in mind that looking at 15 days of market stats is just a small snap shot of local Overland Park KS activity. Market conditions vary greatly from one part of the city to another, so be sure to contact me for real estate stats on the specific area of Overland Park that you’re interested.

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Posted by Jason A. Brown

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