Wednesday, November 2, 2016

Real Estate Market Report for the Overland Park Zip Code 66223 - Is it a buyer's, seller's or neutral real estate market?

Real Estate Market Report for the Overland Park Zip Code 66223 

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


66223, Overland Park, Overland Park KS, Overland Park real estate





September 2016 is a Seller's market in the Overland Park zip code 66223*


Home For Sale in September 2016: 87 homes.
0% compared to the last month
Up 24.3% compared to the last year


Home Listed in September 2016: 43 homes.

Up 4.9% compared to the last month
Up 7.5% compared to the last year


Home Closed in September 2016: 45 homes.
Up 32.4% compared to the last month
Up 73.1% compared to the last year


Home Placed under Contract in September 2016: 13 homes.
Down 71.7% compared to the last month
Down 56.7% 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 66223*


Average Sold Price per Square Footage in September 2016:$118 
Up 0.9% compared to the last month
Up 2.6% compared to the last year


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

September 2016 Average Days on Market trend is Falling in the Overland Park zip code 66223*


Average Days on Market in September 2016: 18 

Down 40% compared to the last month
Down 48.6% compared to the last year


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

September 2016 is a Seller's market in the Overland Park zip code 66223*


Months of Inventory based on Closed Sales in September 2016: 1.9 

Down 27.4% compared to the last month
Down 29.7% 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




66223, Overland Park, Overland Park KS, Overland Park real estate