SHAWNEE COUNTY HOME SALES REPORT – FEBRUARY MARKET UPDATE
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Shawnee County saw a solid increase in home sales last month. A total of 147 homes sold in February, up 8.9% from 135 sales during the same month in 2022. Sales volume also jumped to $26.8 million, an 18.3% increase year-over-year.
The median sale price climbed to $160,000, compared to $140,000 a year earlier. Homes continued to sell quickly, averaging just 13 days on the market, with sellers receiving 100% of their list prices.
INVENTORY EXPANDS BUT REMAINS LIMITED
Active listings in Shawnee County rose to 101 by the end of February, up from 65 a year ago. That still only represents a 0.5 months’ supply, keeping the market competitive for buyers.
The median list price came in at $245,000, a strong indicator of continued seller confidence.
CONTRACTS & PENDING SALES
Contract activity in February was steady. A total of 163 contracts were written, slightly up from 160 in February 2022. At month’s end, 184 contracts remained pending, showing strong demand heading into the spring market.
Need help navigating today's market? Team Ringgold provides trusted advice and deep local expertise to help you succeed in the Shawnee County real estate market. Contact us today to get started.
