The Prairie Farms Subdivision Real Estate And Homes For Sale In Olathe, KS

Prairie Farms is located at Santa Fe (135th St) and Hedge. Approximately one mile west of K-7. This 282-acre master-planned community has a great number of natural surroundings, a family-friendly community pool, a kids' playground, and walking trails. Let's not forget that residents of Prairie Farms are very close to the newly renovated lake Olathe Park. If you're looking for a great place to live but close to work, shopping, and dining then I think you found your new neighborhood.

In the last 12 months Prairie Farms has had 30 homes sold/closed as of January 1, 2019 This ratio of homes sold over time is called the absorption rate. The most recent absorption rate averaged over the last 12 months is 2.5 homes per month. At the time of writing there are 15 homes for sale in Prairie Farms. If the most recent absorption rate continues it would take, on average, six months to sell all of the homes for sale, assuming that all homes would sell, and that no additional homes came on the market.

In general terms a market is considered balanced when the supply of homes equals 5.5 to 6.5 months of inventory compared to demand or absorption rate. The lower the month's supply of home is, the seller tends to see an advantage in price or terms. The higher the months supply of homes the more advantage there is to the buyer in terms of price or terms.

Prairie Farms, with the builders and developers being bright enough to be ready for the spring 2019 housing market by making sure they have sufficient inventory, should have a successful spring. Prairie Farms, taken in isolation, would be in a balanced market, however, most subdivisions did not have the foresight to put in enough foundations to be ready to hit the ground running in 2019.


Home sale prices in the last 12 months, as of January 1, 2019, ranged from an abnormal low of $266K to the low $500's. The median sales price was $380K.