Homes Under $500K for Sale in Olathe, KS
· 169 homes fit this search169 homes fit this search · Sorted by Newest Listed
About Homes Under $500K in Olathe, KS
Olathe, KS has 169 homes under $500k for sale right now, with a median list price of $388,000. These homes under $500k were built between 1900 and 2026. Most are between 1,292 and 2,753 square feet.
Housing market trends in Olathe, KS (all homes)
555
Homes for sale in Olathe · 30 coming soon
$625,162
Median list price
18 days
Median days to contract
2.69 mo
Months of supply
| Measure | Oct 2026 | Sep 2026 | Oct 2025 |
|---|---|---|---|
| Median sale price | $450,000 | $458,500 | $457,500 |
| Median price per sq ft | $212 | $201 | $201 |
| Median days to contract | 16 | 21 | 16 |
| Sell-to-list ratio | 100% | 100% | 100% |
| Homes sold | 161 | 200 | 162 |
| New listings | 192 | 239 | 221 |
| Went under contract | 141 | 174 | 153 |
26 photos
Price Cut · $16K
22 photos
Price Cut · $60K
34 photos
Price Cut · $10K
27 photos
Price Cut · $20K
30 photos
Price Cut · $5K
19 photos
Cul-de-sac
5+ acre lot
57 photos
Price Cut · $40K
① Olathe itself — the place you are on
Popular home searches in Olathe
| Search | For sale |
|---|---|
| Open houses | For sale44 |
| Luxury homes | For sale23 |
| Just listed homes | For sale38 |
| Price-reduced homes | For sale153 |
| Coming soon homes | For sale30 |
| Homes under contract | For sale281 |
How we compute these
- For sale.
- Homes listed as active right now. A live count, not a monthly average.
Homes by price in Olathe
| Price range | For sale |
|---|---|
| Under $200,000 | For sale5 |
| Under $300,000 | For sale25 |
| Under $400,000 | For sale97 |
| Under $500,000 | For sale169 |
How we compute these
- For sale.
- Homes listed as active right now. A live count, not a monthly average.
② Its neighborhoods — one step out
Nearby neighborhoods to Olathe
| Neighborhood | Market (Market type is set by months of supply — how long it would take to sell every home for sale at the current pace. Under ~4 months favors sellers (low inventory, faster sales, homes near or above asking); over ~6 favors buyers (more choice, more negotiating room). 4–6 is balanced.) | Months supply | For sale | Median sale | Sell-to-list | Days to contract | Coming soon | Under contract |
|---|---|---|---|---|---|---|---|---|
| Havencroft | Strong Seller's | 1.4 mo | 7 | Median$380,000 | 101% | 10d | 3 | 5 |
| Boulder Hills | Strong Seller's | 1.4 mo | 4 | Median$625,000 | 104% | 51d | 0 | 2 |
| Stonebridge Trails | Strong Seller's | 1.9 mo | 6 | Median$640,000 | 100% | 29d | 0 | 4 |
| South Hampton | Strong Seller's | 0.4 mo | 1 | Median$400,000 | 104% | 16d | 0 | 2 |
| Boulder Creek | Buyer's | 6.9 mo | 19 | Median$639,500 | 102% | 21d | 0 | 12 |
How we compute these
- Market.
- Market type is set by months of supply — how long it would take to sell every home for sale at the current pace. Under ~4 months favors sellers (low inventory, faster sales, homes near or above asking); over ~6 favors buyers (more choice, more negotiating room). 4–6 is balanced.
- Months supply.
- How many months it would take to sell every home now for sale at the pace of the last 90 days: homes for sale ÷ (closings in the last 90 days ÷ 3).
- For sale.
- Homes listed as active right now. A live count, not a monthly average.
- Days to contract.
- The middle number of days between a home being listed and going under contract, over the last 90 days of closings. It is not days-to-close, and it is not how long today's listings have been sitting. Newly built homes are excluded, because a build finishing is not a market moving.
- Coming soon.
- Homes announced but not yet accepting showings. A live count.
- Under contract.
- Homes with an accepted contract that have not closed yet. A live count.
③ Nearby cities — two steps out
Search homes nearby Olathe
| Place | Market (Market type is set by months of supply — how long it would take to sell every home for sale at the current pace. Under ~4 months favors sellers (low inventory, faster sales, homes near or above asking); over ~6 favors buyers (more choice, more negotiating room). 4–6 is balanced.) | Months supply | Median list | Sell-to-list | Days to contract | For sale | Coming soon | Under contract |
|---|---|---|---|---|---|---|---|---|
| Olathe | Seller's | 3 mo | Median$624,970 | 99% | 18d | 555 | 30 | 281 |
| Overland Park | Seller's | 2.3 mo | Median$748,363 | 101% | 16d | 503 | 41 | 321 |
| Shawnee | Seller's | 2.5 mo | Median$539,000 | 100% | 16d | 183 | 16 | 104 |
| Lenexa | Seller's | 2.9 mo | Median$620,000 | 98% | 21d | 197 | 13 | 91 |
| Leawood | Seller's | 2.9 mo | Median$925,000 | 100% | 18d | 139 | 13 | 66 |
How we compute these
- Market.
- Market type is set by months of supply — how long it would take to sell every home for sale at the current pace. Under ~4 months favors sellers (low inventory, faster sales, homes near or above asking); over ~6 favors buyers (more choice, more negotiating room). 4–6 is balanced.
- Months supply.
- How many months it would take to sell every home now for sale at the pace of the last 90 days: homes for sale ÷ (closings in the last 90 days ÷ 3).
- Median list.
- The middle asking price among the homes for sale right now. Half are listed above it, half below.
- Days to contract.
- The middle number of days between a home being listed and going under contract, over the last 90 days of closings. It is not days-to-close, and it is not how long today's listings have been sitting. Newly built homes are excluded, because a build finishing is not a market moving.
- For sale.
- Homes listed as active right now. A live count, not a monthly average.
- Coming soon.
- Homes announced but not yet accepting showings. A live count.
- Under contract.
- Homes with an accepted contract that have not closed yet. A live count.