Real Estate Stats for Johnson County, Kansas
Find out the value of your home in Johnson County, KS
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Thinking of buying or selling a home in Johnson County in the future . . .
but wondering how the Garmin expansion, hike in interest rates, Sprint layoffs, change in home values, low real estate inventory, increase in relocation buyers and the holiday season will affect you?
Real Estate is local and these changes affect everyone differently. Want to know how it affects you?
Let’s talk . . .
Mobile: (913) 712-9313
Office: (913) 254-2470
ReeceNichols Olathe
Serving Johnson County, KS including: Olathe, Gardner, Spring Hill, Edgerton, Overland Park, Leawood, Lenexa, De Soto, Shawnee, Prairie Village, Mission and Stilwell.
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Thinking of buying or selling a Johnson County home in the future . . .
but wondering how the Garmin expansion, hike in interest rates, Sprint layoffs, change in home values, low real estate inventory, increase in relocation buyers and the holiday season will affect you?
Real Estate is local and these changes affect everyone differently. Want to know how it affects you?
Let’s talk . . .
Mobile: (913) 712-9313
Office: (913) 254-2470
ReeceNichols Real Estate
Serving Johnson County, KS including: Olathe, Gardner, Spring Hill, Edgerton, Overland Park, Leawood, Lenexa, De Soto, Shawnee, Prairie Village, Mission and Stilwell.
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Thinking of buying or selling a home in the future . . .
but wondering how the Garmin expansion, hike in interest rates, Sprint layoffs, change in home values, low real estate inventory, increase in relocation buyers and the holiday season will affect you?
Real Estate is local and these changes affect everyone differently. Want to know how it affects you?
Let’s talk . . .
Mobile: (913) 712-9313
Office: (913) 254-2470
ReeceNichols Olathe
Serving Johnson County, KS including: Olathe, Gardner, Spring Hill, Edgerton, Overland Park, Leawood, Lenexa, De Soto, Shawnee, Prairie Village, Mission and Stilwell.
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Chris Dowell
ReeceNichols Real Estate
(913) 712-9313
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Serving Johnson County, KS including: Olathe, Gardner, Spring Hill, Edgerton, Overland Park, Leawood, Lenexa, De Soto, Shawnee, Prairie Village, Mission and Stilwell.
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Let’s talk . . .
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Great question and chances are if you have read the national news or talked to a local REALTOR you might be confused.
Real estate is not national. What goes on in Texas, California, South Carolina or Iowa has little effect on the real estate market in Olathe.
Real estate is local. Matter of fact, if you divided Olathe into 4 equal segments, they will all be performing differently. While Northeast Olathe could be slow and homes declining in value, Southwest Olathe could be “Red Hot”. You could even see differences in the real estate market from subdivision to subdivision.
To get back to the question, overall the Olathe, KS real estate market is very healthy.
In the past 60 days 460 homes have sold in Olathe and there are currently 394 homes for sale. That means there is a 1.71 months supply of homes for sale. A balanced real estate market is a 6 months supply of homes for sale. Since there is less than a two months supply of homes for sale, the Olathe, KS real estate market is in a Strong Seller’s Market, meaning that it is a great time to sell.
Is it a Good Market to Sell for Everyone?
Great question. Although statistically the Olathe real estate market is “Red Hot” for selling, it is not a perfect real estate market for all Olathe homeowners.
If you are thinking of downsizing and buying a smaller home, you might want to wait. The real estate market should continue to increase for the next 6 months.
If you are thinking of upsizing and buying a larger home, you might want to sell now.
If you have deferred maintenance or projects going on, you might want to wait until the projects are completed.
Have a question about your home?
Let’s talk . . . (913) 712-9313
In the past 60 days, the highest priced home sold for $917,500 and the least expensive home sold for $60,000. The median sales price was $233,160 and the average home sold for $257,160 in 53 days.
In September, Olathe finally saw the median estimated value of all homes top $200,000. The estimated value increased 1.01% in the past month to $201,000. Over the past year, the estimated home value of all homes in Olathe increased 3.01%
The Olathe real estate market outlook looks healthy for the next 6 months. Five factors are influencing the real estate market in Olathe.
Lastly, and probably most importantly, there is a shortage of real estate inventory. With 1.71 months supply of homes for sale, it makes sense, if you are thinking of moving up, to sell now while your move-up home has not seen huge price increases.
Let’s talk . . .
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