RealTrends Market Report

Kansas City, MO

Single-Family Homes

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Kansas City, MO

Tue May 28 2024
This week the median list price for Kansas City, MO is $280,000 with the market action index hovering around 51. This is about the same as last month's market action index of 51. Inventory has held steady at or around 870. Click here to stay informed with the Kansas City market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices. Current supply and demand levels show no sign of prices changing from their current trend.

Kansas City, MO

Tue May 28 2024
This week the median list price for Kansas City, MO is $280,000 with the market action index hovering around 51. This is about the same as last month's market action index of 51. Inventory has held steady at or around 870. Click here to stay informed with the Kansas City market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices. Current supply and demand levels show no sign of prices changing from their current trend.

Real-Time Market Profile

Never miss important changes in the Kansas City market.
Median List Price $280,000
Median Price of New Listings $279,975
Per Square Foot $163
Average Days on Market 74
Median Days on Market 35
Price Decreased 40%
Price Increased 3%
Relisted 9%
Inventory 870
Median Rent
Market Action 51
Strong Seller's Market

Prices continue their climb again this week. We’re a long way from the market’s price high-point so watch the Market Action Index as an indicator of how long this trend will last.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$675,000 3,238 0.25 - 0.5 acre 4 3.5 8 30 16 42
$395,000 2,132 8,000 - 10,000 sqft 3 2.5 36 51 51 28
$225,000 1,545 6,500 - 8,000 sqft 3 2 75 37 46 35
$120,000 991 4,500 - 6,500 sqft 3 1 100 46 45 52