MO · Metro #31

Kansas City - MO housing market

The Kansas City metro has a typical home value of $331,714, up 3.7% from a year ago. Homes are moving fast at 6 days on market, a strong seller's market. 25% of listings have had a price cut. Data from Zillow Research, updated monthly.

Typical home value
$331,714
+3.7% vs. year ago
Median sale price
$331,200
+6.4% YoY
Median list price
$343,475
Sale-to-list ratio
100.1%
Selling above ask
Days on market
6d
Listings w/ price cut
24.7%
New listings / mo
3,311
-1.4% YoY
Homes for sale
6,931
+1.7% YoY
Typical rent
$1,545/mo
+3.5% YoY
Context

How to read this data

The typical home value ($331,714) is the Zillow Home Value Index for the Kansas City - MO metro area , a smoothed, seasonally adjusted estimate of the typical value for middle-tier homes (33rd to 67th percentile) across single-family and condo properties.

Prices are up 3.7% over the past year. In Kansas City - MO, that means a home worth $319,878 last year is now worth roughly $331,714.

The median sale price , what homes actually close for , is $331,200. Homes are selling at 100.1% of list price, meaning buyers are typically paying at or above asking.

Homes listed in Kansas City - MO sit on the market for roughly 6 days before going pending. Shorter = seller's market; longer = buyer's market.

About 24.7% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.

Roughly 3,311 new listings hit the market each month in Kansas City - MO. There are currently 6,931 homes for sale, up 1.7% from a year ago.

The typical monthly rent in Kansas City - MO is $1,545, up 3.5% year over year. For investors, the price-to-rent ratio here is roughly 18x annual rent.

What's not on this page

This is market-level data, not property-level. We don't list individual homes for sale. For that, go to Zillow, Redfin, or your local MLS.

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Related

Other metros in MO

MetroHome value1-yr changeDays on market
St. Louis - MO$280,016 +3.1% 6.0d
Springfield - MO$274,818 +2.7% 13.0d
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