Overland Park, KS Housing Market Report

The Overland Park housing market is currently transitioning into a more balanced state, though it remains competitive for high-quality listings. As of December 2025, the median home value has reached $462,397, representing a steady 3.84% year-over-year increase. While the sale-to-list ratio remains at a perfect 1.0, indicating that sellers are generally receiving their full asking price, the rise in active inventory to 5,620 units—a 10.43% increase from last year—suggests that buyers are finally seeing more options and less frantic bidding wars than in previous cycles.

Price trends over the last six months show a consistent upward trajectory, with values climbing from $447,258 in July to over $462,000 by year-end. This sustained growth is driven by the city's reputation for top-tier schools, corporate headquarters, and high quality of life within the Kansas City metro area. However, the pace of the market is moderating; homes are now spending an average of 47 days on the market, which is eight days longer than the same period last year. This deceleration provides buyers with more time for due diligence and inspections, a luxury that was often unavailable during the post-pandemic boom.

Looking ahead, the Overland Park market appears resilient despite broader economic shifts. For sellers, the key to success in 2026 will be realistic pricing and property presentation, as the increase in inventory means buyers can afford to be more selective. For buyers, the current environment offers a unique window where appreciation is still positive but the inventory surge has softened the competitive edge of sellers. With rents also rising to a median of $1,682, many long-term residents may find that the stability of a fixed-rate mortgage in a growing suburb remains a superior financial move compared to the rental market.