Overland Park, Kansas
*Data is obtained from RPR, Realtors Property Resource. Data is from January, 2025 single family homes.
Market Overview
As a real estate professional, I know how important it is to analyze key market trends to help buyers and sellers make informed decisions. Here’s a quick breakdown of what’s happening right now:
Low Inventory Means a Seller’s Market – The current Months Supply of Inventory is just 1.48, meaning if no new homes were listed, everything on the market would sell in under two months. This low supply creates a competitive market for buyers.
Inventory is Shrinking – Compared to last year, there’s been a 30.19% drop in available homes, making it even tougher for buyers while potentially driving up prices for sellers.
Homes are Selling Fast – The Median Days on Market is just 33 days, meaning homes are moving quickly. Buyers need to act fast!
Sellers are Getting Close to Asking Price – With a List to Sold Price Percentage of 99.%, most homes are selling for nearly full price. This shows strong demand and accurate pricing.
Median Sold Price is $425,000 – This gives both buyers and sellers a good idea of market pricing. With low inventory and high demand, sellers are in a strong position.
What It Means For You
For Buyers: Be ready to move quickly and come in with strong offers.
For Sellers: With high demand and limited competition, you have a great opportunity to get top dollar for your home.
Having worked in real estate for 25 years, I know how to navigate competitive markets like this. Whether you’re looking to buy or sell, I’d love to help you make the most of these market conditions. Let’s chat!