Overland Park Home Buyers

How’s the Local Overland Park Real Estate Market?

Last week a free lance journalist reached out to me asking how’s the local Overland Park real estate market. I asked if he would give me a few minutes to gather my thoughts and asked what information he wanted.

He was writing a series of articles for a storage company. They wanted to understand the local Overland Park real estate market as well as know some statistics and how those numbers affected the current market.

Here’s a recap of the local Overland Park real estate market

  • There are approximately 8,400 houses for sale in the metro area
  • 1,970 of those homes are in Johnson County
  • Prices are up almost 11% compared to this time last year
  • Days on the market are still about 61 even though a handful of houses are selling within hours
  • List price to sale price is 97.3%
  • There’s about 1.4 months of inventory in Johnson County

Breaking it down further, here were the stats for houses for sale in the Blue Valley School District:

  • There were 452 active listings in the MLS system
  • $250,000-$300,000– 9 houses
  • $301,000-$350,000 – 16 houses
  • $351,000-$400,000 – 23 houses
  • $401,000-$500,000 – 76 houses

As you can clearly see, it’s a great time for move up buyers in Overland Park. You can get the best of both worlds if the house you’re selling is in the $300,000 or less range and you want to move to the $400,000 price range. You can sell for top dollar and still get somewhat of a deal on the buy side.

What’s the secret of being the winning offer?

After sharing statistics with him, he asked me for some secrets of how buyers could be the winning offer. I said I couldn’t give my secrets away but I did say that the best thing buyers can do in a hot seller’s market is listen to their Realtor.

Buyers tell me all the time that they trust me but then they don’t always want to listen to me. I educate all of my buyers on buying a home in a possible multiple offer situation. Even though they say they understand, when it’s time to do what we discussed, they back off. They think they are going to make a less than asking price offer on a $250,000 house when there are 5 other buyers in the house at the same time contemplating their offers. This is the true picture of the local Overland Park real estate market.

If you don’t trust your Realtor, get another agent. But if you do trust your real estate agent and you sincerely want to buy a home, listen to their advice. Hopefully, your agent is a great negotiator and is knowledgeable about how to be the winning offer in a multiple offer situation.

I’m well versed and experienced in being the winning offer in a multiple offer situation. Maybe this is the right time for you to make a move. I will help you strategize your best move so you come out ahead in the local Overland Park real estate market. Call me at (913) 515-3250 or contact me here to get started.

Click here for your home’s real value versus the Zestimate or call for a FREE 20 minute walk through.

Today’s New Listings – Homes for Sale in Overland Park

  1. 3 beds, 3 baths
    Home size: 2,368 sq ft
    Year built: 1958
    Days on market: 1
    Listed with Platinum Realty LLC
  2. 3 beds, 3.1 baths
    Home size: 2,394 sq ft
    Year built: 1999
    Days on market: 1
    Listed with ReeceNichols Town Center
  3. 4 beds, 2.1 baths
    Home size: 2,800 sq ft
    Year built: 1970
    Days on market: 1
    Listed with Baron Realty
  4. 4 beds, 4 baths
    Home size: 2,892 sq ft
    Year built: 2019
    Days on market: 2
    Listed with Weichert Realtors Graham Welch
  5. 5 beds, 4.1 baths
    Home size: 6,218 sq ft
    Lot size: 1.38 ac
    Year built: 1976
    Days on market: 2
    Listed with RE/MAX Premier Realty
  6. 3 beds, 2 baths
    Home size: 912 sq ft
    Year built: 1950
    Days on market: 2
    Listed with Realty Executives
  7. 3 beds, 2 baths
    Home size: 1,840 sq ft
    Lot size: 40,075 sqft
    Year built: 1955
    Days on market: 2
    Listed with Realty Executives
  8. 4 beds, 4.1 baths
    Home size: 3,854 sq ft
    Year built: 0
    Days on market: 2
    Listed with ReeceNichols Leawood
  9. 4 beds, 4.1 baths
    Home size: 5,375 sq ft
    Year built: 1993
    Days on market: 3
    Listed with Platinum Realty LLC
  10. 3 beds, 2 baths
    Home size: 1,144 sq ft
    Year built: 1955
    Days on market: 3
    Listed with BHG Kansas City Homes

See all Real estate in the city of Overland Park.
(all data current as of 10/22/2018)

Listing information deemed reliable but not guaranteed. Read full disclaimer.

 

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