Johnson County has released its Market Study Analysis for the Assessment Year 2025, examining the real estate market in the county – including both the residential and commercial markets.

The analysis is completed by the county’s Appraiser’s Office, using data from its annual valuation process. During the process, the office reviewed the sale of more than 16,000 residential properties, completing a sales comparison analysis to developed market values.

The study found that the average single-family residential sale price in 2024 was approximately $610,000. The average appraised value for 2025 is $570,000 – with residential properties expected to see an average increase in values of 6-7%.

Commercial real estate is reflecting positive market trends, with commercial values increasing at a rate of 5%. The commercial market includes the following sectors:

• Industrial: The industrial market remained steady, with the first phase of Panasonic’s lithium-ion battery plant nearing completion this spring.
• Multifamily: The multifamily market continues to perform better than many markets in the country, with most properties reporting stable to increasing rents.
• Office: Office market rental rates remained stable. Vacancy has risen for some properties, but vacancy rates were well below national averages.
• Retail: Retail remained stable due to continued development across the region – including the Merriam Grand Station and Overland Park’s Bluhawk.
• Hotel/Motel: Hotels and motels continue their post-pandemic recovery, with operations generally at or exceeding 2019 levels and average daily rates surpassing recent forecasts.

View the full Market Study Analysis for 2024. You can also view individual property data in Johnson County using the land records search tool.