Find area information and real estate listings for the Wyngate Subdivision, Overland Park, Kansas. Learn more about Wyngate, including available homes for sale, school info, and area reviews, from a local RE/MAX real estate agent.
In the last 12 Months Wyngate has had 19 homes sold/closed as of December 30, 2018. This ratio of homes sold over time is called the absorption rate. The most recent absorption rate averaged over the last 12 months is 1.6 homes per month. At the time of writing there are only five home for sale in Wyngate. If the most recent absorption rate continues it would take, on average, three 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 homes 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.Wyngate is in higher than average demand compared to supply which means, in general, sellers have an advantage in terms of negotiations of terms.Home sale prices in the last 12 months, as of 12/30/2018, ranged from an abnormal low of $480K to a high of $816K. Median sales price was $563K in that time period.