Wednesday, November 16, 2016

Real Estate Market Report for Olathe, KS - Is it a seller's, buyer's or neutral real estate market? Homes for sale in Olathe, KS

Real Estate Market Report for Olathe, KS


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

Olathe, Olathe KS, Olathe Kansas, Homes for sale in Olathe KS


October 2016 is a Seller's market in Olathe, KS*

Home For Sale in October 2016: 539 homes for sale.

Down 0.2% compared to the last month
Up 2.7% compared to the last year

Home Listed in October 2016: 240 homes listed for sale.

Down 2% compared to the last month
Up 9.6% compared to the last year

Home Closed in October 2016: 195 homes sold.

Down 22.3% compared to the last month
Down 1.5% compared to the last year

Home Placed under Contract in October 2016: 139 homes under contract.

Down 28.7% compared to the last month
Down 27.2% 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


October 2016 Average Sold Price per Square Footage is Appreciating in Olathe, KS*

Average Sold Price per Square Footage in October 2016:$114 per square foot.

0% compared to the last month
Up 6.5% compared to the last year

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


October 2016 Average Days on Market trend Remains Steady in Olathe, KS*

Average Days on Market in October 2016: 38 days on the market. 

Down 5% compared to the last month
Down 17.4% compared to the last year

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


October 2016 is a Seller's market in Olathe, KS*

Months of Inventory based on Closed Sales in October 2016: 2.8 months of inventory.

Up 27.9% compared to the last month
Up 3.8% 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





Olathe, Olathe KS, Olathe Kansas, Homes for sale in Olathe KS