September 2024 Shawnee Real Estate: What Buyers and Sellers Need to Know
Shawnee’s housing market continues to evolve, and the latest MLSOK data for September 2024 reveals key trends that can benefit both homebuyers and sellers. When comparing September to August 2024, as well as looking back to September 2023, it’s clear that while the market has shifted, it remains balanced and full of opportunity for those who are ready to act. Here’s what you need to know.
Inventory Growth Offers Choices for Buyers, Encourages Savvy Pricing for Sellers
One of the most encouraging signs for homebuyers is the growing inventory. In September, the number of homes for sale increased to 189, up from 181 in August, marking a 61.5% year-over-year rise. This increase means more options for buyers, making it an ideal time to find a home that truly meets your needs.
However, home sellers shouldn’t be discouraged by the rising inventory. While there are more homes on the market, buyers are still active, and with my strategic approach to pricing and marketing, your home can stand out. It’s all about positioning your property to attract the right buyers—and that’s where my expertise as Shawnee’s trusted real estate advisor comes into play.
Pricing Adjustments Create a More Accessible Market
The median sales price in Shawnee for September dropped to $181,000, down from $188,500 in August. This represents a 20.3% year-over-year decrease, offering buyers a more accessible price point. That said, sellers can still achieve strong results by partnering with a local real estate expert who understands how to navigate these shifts.
While prices have adjusted, the percent of list price received held steady at 96.7% for September. This means that homes are still selling close to asking price, provided they are competitively priced and marketed properly.
Homes Taking a Bit Longer to Sell—But That’s Not a Bad Thing
In September, the days on market (DOM) rose to 44 days, up from 36 days in August, reflecting a slight cooling as we transition into the fall season. Homes are staying on the market longer, but this gives buyers more time to evaluate their options and make confident decisions. For sellers, this extended timeline can still lead to successful sales with the right pricing strategy and an innovative marketing plan.
What This Means for You as a Buyer or Seller
For homebuyers, the increase in inventory and slight price adjustments present a unique opportunity to find the home you’ve been looking for at a potentially lower cost. Plus, with homes staying on the market a bit longer, you have more time to make informed decisions without the pressure of rapid sales.
For home sellers, while the market is more competitive, the right strategy can still lead to excellent results. Pricing your home accurately and highlighting its best features are essential to attracting serious buyers in today’s market. With my deep knowledge of the Shawnee area and experience in navigating market shifts, I’m here to guide you through the process with confidence and expertise.
Why Work with Me?
As a local expert and seasoned real estate professional, I have a pulse on the Shawnee market. Whether you’re looking to buy or sell, I provide a personalized approach tailored to your needs. My focus is on achieving your real estate goals, whether it’s securing the best price for your home or finding the perfect property for you.
Let’s connect to discuss how the current market conditions can work in your favor. Reach out today at Hello@SoldonShawnee.com or 405-585-6580 to make the most of Shawnee’s dynamic real estate market.