Selling Your Olathe, Kansas HomeHome to Kansas City metro area icons like the Deanna Rose Children’s Farm and Prairie Fire Museum, Olathe is quickly growing into a popular destination for area tourists. It’s also an excellent place to live. High property values and exceptional amenities in and around the community, combined with a short commute to downtown Kansas City, make it an appealing option for many people. If you have made Olathe your home but find yourself ready to sell your home and move to something that better fits your needs, you may be wondering about the proper timing for your home sale. Is there a specific time of the year that makes the best time to sell a home in Olathe? Here is a closer look at what you need to know about timing the sale of your Olathe home to get the fastest sale.
The Olathe, KS Real Estate MarketSo, when is the best time to list a home for sale in Olathe? Surprisingly, the answer isn’t always “in the spring” like most assume. Yes, springtime is when many people are out in the market looking for homes to buy, but the reality is that the right time to list a home is when the market is ready for it.
In the spring of 2019, Olathe’s real estate market is quite hot, favoring sellers. The median home value is $260,700, which was an increase of 5.5 percent over the year prior. Within the next year, another increase of 4.2 percent is anticipated. This steady rise is what makes the market so appealing, especially for those getting ready to list an Olathe home for sale.
One of the factors driving the hot market in Olathe is a low housing inventory. In the fall of 2018, Olathe had only 2.3 months of inventory on the market. This means that homes were selling quickly, with average days on market of 42 days.What does all this mean for sellers? It means that the current market in Olathe is a good one to consider selling in.