Homes Under $500K for Sale in Overland Park, KS
· 125 homes fit this search125 homes fit this search · Sorted by Newest Listed
About Homes Under $500K in Overland Park, KS
Overland Park, KS has 125 homes under $500k for sale right now, with a median list price of $360,000. These homes under $500k were built between 1926 and 2023. Most are between 1,010 and 2,580 square feet.
Housing market trends in Overland Park, KS (all homes)
466
Homes for sale in Overland Park · 44 coming soon
$749,950
Median list price
17 days
Median days to contract
1.85 mo
Months of supply
| Measure | Oct 2026 | Sep 2026 | Oct 2025 |
|---|---|---|---|
| Median sale price | $480,000 | $525,500 | $500,000 |
| Median price per sq ft | $206 | $202 | $204 |
| Median days to contract | 17 | 17 | 20 |
| Sell-to-list ratio | 100% | 100% | 100% |
| Homes sold | 221 | 212 | 204 |
| New listings | 261 | 316 | 189 |
| Went under contract | 230 | 224 | 181 |
43 photos
Price Cut · $80K
Cul-de-sac
Price Cut · $30K
18 photos
1+ acre lot
18 photos
1+ acre lot
① Overland Park itself — the place you are on
Popular home searches in Overland Park
| Search | For sale |
|---|---|
| Open houses | For sale28 |
| Luxury homes | For sale102 |
| Just listed homes | For sale41 |
| Price-reduced homes | For sale145 |
| Coming soon homes | For sale45 |
| Homes under contract | For sale315 |
How we compute these
- For sale.
- Homes listed as active right now. A live count, not a monthly average.
Homes by price in Overland Park
| Price range | For sale |
|---|---|
| Under $200,000 | For sale4 |
| Under $300,000 | For sale38 |
| Under $400,000 | For sale82 |
| Under $500,000 | For sale125 |
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 Overland Park
| 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 |
|---|---|---|---|---|---|---|---|---|
| Nall Hills | Strong Seller's | 1.9 mo | 7 | Median$425,000 | 99% | 15d | 0 | 5 |
| Chapel Hill | Balanced ▲ | 4.6 mo | 17 | Median$750,000 | 100% | 32d | 0 | 4 |
| Quivira Falls | Strong Seller's | 1.5 mo | 4 | Median$251,675 | 101% | 18d | 1 | 5 |
| Oak Park | Strong Seller's | 1.7 mo | 4 | Median$417,500 | 101% | 17d | 0 | 5 |
| Terrybrook Farms | Strong Buyer's | 8.5 mo | 12 | Median$1,165,000 | 93% | 53d | 0 | 3 |
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 Overland Park
| 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 |
|---|---|---|---|---|---|---|---|---|
| Overland Park | Seller's | 2.3 mo | Median$747,182 | 101% | 16d | 510 | 44 | 317 |
| Olathe | Seller's | 3 mo | Median$625,355 | 99% | 18d | 555 | 32 | 283 |
| Shawnee | Seller's | 2.4 mo | Median$560,000 | 100% | 16d | 182 | 15 | 101 |
| Lenexa | Seller's | 2.8 mo | Median$625,905 | 98% | 21d | 195 | 14 | 90 |
| Leawood | Seller's | 2.9 mo | Median$937,500 | 100% | 18d | 139 | 13 | 63 |
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.