THE INDEXKC- OVERLAND PARK OLATHE AND SHAWNEE MARKET UPDATE
The rising number of pending sales in Olathe is made more interesting by the rising days on market. Inventory in Olathe continues to rise at a quicker rate than either Shawnee or Overland Park. Though Olathe is much bigger than Shawnee (number of residences), Average Sold values are within 2% of each other, and Shawnee can brag about a faster sales market with homes selling roughly twice as fast.
Home buyers looking at options in these 3 cities should pay attention to school districts’ average test scores as well as the relative pace of the market; Overland Park homes are selling more quickly than homes in Olathe and Shawnee. “Thinking it over” can cost you that Overland Park home as homes sell 4 times faster than Olathe.
Fun facts about Overland Park....More than 40 companies have their corporate headquarters in Overland Park. Overland Park has more than 1,800 acres of park land and open space. The city is home to Overland Park Arboretum and Botanical Gardens, a 300 acres arboretum and botanical garden. The Deanna Rose Children’s Farmstead is among the top 10 tourist destinations in the Kansas City area. The city has gained a positive reputation as an affordable and family-friendly community. Overland Park was the setting of the 2008 documentary series High School Confidential and the 2009-2011 television series United States of Tara. The YouTube series The Most Popular Girls in School is set in Overland Park.Overland Park has one sister city: Bietigheim-Bissingen in Germany.
Olathe.org tells us Olathe is the Shawnee Indian word for “beautiful”. Olathe is part of the Kansas City major metropolitan area, located on interstate 35 just 19 miles southwest of downtown Kansas City. County Seat to Johnson County, one of the wealthiest counties in the United States. Since the 1950s, Olathe’s population has quadrupled, and today is the fourth largest city in Kansas.
Our friends at citytowninfo.com share with us….
Shawnee, Kansas, in Johnson county, is located 4 miles NW of Overland Park, Kansas (center to center) and is 8 miles SW of Kansas City, Missouri. The city is conveniently located inside the Kansas City metropolitan area.
Shawnee is in Johnston County and was founded in 1855. The county was named in honor of Rev. Thomas Johnson and is among the first counties to be established in the Kansas Territory in 1855.
Shawnee and nearby Attractions
- Tomahawk Shopping Center
- Starwood Park
- Johnson County Museum of History
- Power Play Family Entertainment Center
Things To Do In Shawnee
The Wonderscope Children’s Museum and Johnson County Museum of History are great places to visit while staying in the city. Tourists can shop at the Tomahawk Shopping Center and at the Shawnee Village Shopping Center. The local parks include the Starwood Park, Blue Jacket Park, and Shawnee Mission Park. The Power Play Family Entertainment Center is also worth taking a look around. Every year, festivals like the Old Shawnee Days and Oktoberfest are hosted by the city.
Check out the number of price reductions and the watch the days on market continue to extend as the market shifts….The shift is driven by several factors; rising mortgage interest rates, falling numbers of new build permits, buyer pool exhaustion/contraction….and the wild card, inflation.If you’ve got questions regarding the impact of the shift on your search or the value of your home, we’ve got answers!