Why November’s Real Estate Numbers Will Change How You See Shawnee
As 2024 winds down, Shawnee’s single-family home market continues to shine with opportunities for both buyers and sellers. Let’s dive into the numbers that matter most this November.
Compared to last year, closed sales in November skyrocketed by almost 41%. This isn’t just a stat, it’s a clear signal that buyers are serious about finding homes in Shawnee, even as the holiday season approaches. Sellers take note—this kind of buyer momentum could mean faster sales and strong offers on your property.
Good news for buyers, too. Inventory (the number of homes available for sale) has grown by 31.3% compared to last November, meaning buyers have more options to find the perfect fit. However, the market still leans toward sellers, with just 3.4 months of inventory available. Acting quickly and decisively will be key to landing your ideal home.
The average sales price in November saw a remarkable jump to $267,657, up 31.8% from November 2023. This growth highlights the value homes are commanding in today’s market. Month-over-month, prices rose from October’s average of $233,873, showing a steady upward trend. For sellers, this reflects a market where well-presented homes continue to command excellent value.
For buyers, inventory (the number of homes for sale) remains a strong point. While the number of homes available dropped slightly to 189 in November from 198 in October, it’s still a 31.3% increase compared to last year. More homes mean more chances to find your ideal match—but don’t wait too long. With an average of 36 days on the market, homes are moving quickly.
Whether you’re dreaming of a new place to call home or considering selling, navigating today’s market requires expert guidance. With my deep knowledge of Shawnee’s real estate trends, I’ll help you seize the moment and love where you live. Let’s make your next move one you’ll feel confident about.
Call/text 405-585-6580 or email Hello@SoldonShawnee.com.
