Tuesday, November 1, 2016

Overland Park Real Estate Market Report for Zip Code 66221 - Is it a buyer's, seller's or neutral market?

Overland Park Real Estate Market Report for Zip Code 66221

Is it a buyer's, seller's or neutral market?

Overland Park, Overland Park KS, 66221

September 2016 is a Neutral market in the Overland Park zip code 66221*

Home For Sale in September 2016: 199 units.

Up 3.6% compared to the last month
0% compared to the last year

Home Listed in September 2016: 67 units.

Up 31.4% compared to the last month
Up 11.7% compared to the last year

Home Closed in September 2016: 43 units.

Down 23.2% compared to the last month
Up 26.5% compared to the last year

Home Placed under Contract in September 2016: 33 units.

Down 21.4% compared to the last month
Down 5.7% compared to the last year

*Buyer's market: more than 6 months of inventory based on closed sales
 Seller's market: less than 3 months of inventory based on closed sales
 Neutral market: 3 - 6 months of inventory based on closed sales


September 2016 Average Sold Price per Square Footage is Neutral in the Overland Park zip code 66221*

Average Sold Price per Square Footage in September 2016:$140 

Up 2.2% compared to the last month
Down 2.8% compared to the last year

*Based on 6 month trend - Appreciating/Depreciating/Neutral


September 2016 Average Days on Market trend Remains Steady in the Overland Park zip code 66221*

Average Days on Market in September 2016: 128 

Up 34.7% compared to the last month
Up 146.2% compared to the last year

*Based on 6 month trend - Rising/Falling/Remains Steady


September 2016 is a Neutral market in the Overland Park zip code 66221*

Months of Inventory based on Closed Sales in September 2016: 4.6 

Up 35% compared to the last month
Down 22.2% compared to the last year

*Buyer's market: more than 6 months of inventory based on closed sales
 Seller's market: less than 3 months of inventory based on closed sales
 Neutral market: 3 - 6 months of inventory based on closed sales






Overland Park, Overland Park KS, 66221