Selling my Home in Overland Park, Kansas
With its many businesses and luxury neighborhoods, Overland Park, Kansas, is a community that is worth considering in your search for a Kansas City area home. Yet if you already own a home in Overland Park, you may be wondering when the best time to sell it is. Whether you are looking to downsize, want a different neighborhood, or simply need to relocate, understanding the local market is the key to answering this question properly.
When Is the Best Time to Sell in Overland Park, Kansas
If you are asking yourself when the best time to sell an Overland Park home is, you may be thinking that the answer lies in timing the sale based on the season. While there is some truth to certain seasons of the year being better to sell in Overland Park than others, this is not the best indicator. Yes, more people are looking to buy homes in the spring and summer when the weather is nice, and fewer are looking in the winter when the holidays and snow arrives, but a better way to view this question is to look at current market conditions.
In the spring of 2019, the average sale price for homes in Overland Park was $279,000. This was a slight drop of 2.3 percent from the prior year, but interestingly most homes were selling slightly over their list price. The average amount of time on market was 43 days on market.
Overland Park is a market with high potential value. The median home value in the community is estimated to be $317,000, with a rise of 8.1 percent from 2017 to 2018. This increase is expected to continue by about 4.8 percent in the coming year. Of the homes currently on the market, the average list price is over $400,000. Many luxury neighborhoods with large and costly homes create this higher value.
The market in Overland Park is favoring sellers, with high home values and fast sales. Buyers are having to move quickly when they find homes for sale that fit their needs, because they are selling quickly. Rent in Overland Park is also high, with a median rent that is almost $400 higher than the Kansas City metro area. This means investors are also interested in properties in Overland Park.
Act Now to Sell Your Overland Park, Kansas Home
The right time to sell your home in Overland Park, Kansas, is when the market is hot, and the market is currently red hot. However, that does not mean selling your home is easy. You still have to deal with the preparation, have it cleaned for showings, and pay high commissions and closing costs. If you want to take advantage of this hot market without the hassle, stress, and expenses of selling, consider selling to HomeGo. With HomeGo you will get a fair price for your home quickly, often in just a couple of days, allowing you to skip the hassle of a traditional home sale. Learn more about how you can sell quickly and for a fair price with HomeGo.