Johnson County homes found to cost an average of $508K in 2025

OLATHE, Kan. (KCTV) - Property values in Johnson County, Kansas, continue to stabilize as the average price of a home was found to be around $508,000 in 2025.

Johnson County, Kansas, Appraiser’s Office announced on Thursday, Feb. 27, that more than 221,000 Notices of Appraised Value have been sent out to property owners. The notices detail changes in property values for this year.

County leaders noted that Interim County Appraiser Kara Endicott presented property revaluation trend updates to the Board of County Commissioners on Thursday. After 2 years of double-digit appraisal growth, the real estate market returned to pre-COVID levels in 2024.

In 2025, the County said the real estate market is expected to continue to stabilize. The County also experienced more than $1 billion in new commercial construction in 2024. Previously, that figure ranged between $368 million and $521 million.

“We are experiencing tremendous commercial growth in Johnson County,” said Mike Kelly, Chairman of the Johnson County Board of County Commissioners. “This historical economic investment is good for everyone. The more we can grow our tax base, through both commercial and residential development, the more we can spread out the property taxes necessary to fund our quality services.”

According to county leaders, the increase in residential property across the county is around 6.5%. About 73% of residential property values that experienced an increase went up in value by 9% or less.

By state law, the County said the property is appraised at fair market value as it exists on Jan. 1. Fair market value is the amount a well-informed buyer is justified to pay and a well-informed seller is justified to accept in an open and competitive market.

To stay in compliance, county leaders said they must appraise homes within 90-110% of sale prices in the county. This year, the average value of a home in the county was found to be $508,000. The average selling price of new and existing homes in 2024 was around $557,000.

“Appraised values are driven by sales prices. We know that a $508,000 home isn’t easily accessible for new college graduates, young families, retirees or first responders,” Kelly said. “If we want to lower the price of housing, we need to increase supply by building more units.”

The Appraiser’s Office said an increase in residential new construction permits was also seen for the first time since 2021.

“While the market overall remains stable, increases in property values and the average sale price demonstrate that residents and business continue to see Johnson County as a desirable place to live and work. The increase in building permits is also an emerging sign that the residential real estate market is beginning to regain confidence,” said Kara Endicott, Interim County Appraiser.

Officials indicated that homeowners would find information about the appeal process on the back of their notices should they disagree with the appraised value. A portal for property owners has also been launched for online appeals. To visit the portal, click HERE.

County leaders noted that parts of Johnson Co. have seen higher increases, including Spring Hill, Olathe, Lake Quivira and the southeast and northeast parts of the county.

For more information on appraisals in Johnson County, click HERE.

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