MO · Metro #31

Kansas City - MO housing market

The Kansas City metro has a typical home value of $329,641, up 3.5% from a year ago. Homes are moving fast at 5 days on market - a strong seller's market. 22% of listings have had a price cut. Data from Zillow Research, updated monthly.

Typical home value
$329,641
+3.5% vs. year ago
Median sale price
$329,668
+5.7% YoY
Median list price
$334,983
Sale-to-list ratio
99.6%
Selling below ask
Days on market
5d
Listings w/ price cut
22.5%
New listings / mo
3,191
-1.9% YoY
Homes for sale
6,593
+3.3% YoY
Typical rent
$1,548/mo
+3.5% YoY
Context

How to read this data

The typical home value ($329,641) 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 3.5% over the past year. In Kansas City - MO, that means a home worth $318,494 last year is now worth roughly $329,641.

The median sale price , what homes actually close for , is $329,668. Homes are selling at 99.6% of list price, meaning buyers have room to negotiate.

Homes listed in Kansas City - MO sit on the market for roughly 5 days before going pending. Shorter = seller's market; longer = buyer's market.

About 22.5% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.

Roughly 3,191 new listings hit the market each month in Kansas City - MO. There are currently 6,593 homes for sale, up 3.3% from a year ago.

The typical monthly rent in Kansas City - MO is $1,548, 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.

Get $50 Off Every Home Warranty
Related

Other metros in MO

MetroHome value1-yr changeDays on market
St. Louis - MO$276,878 +2.9% 6.0d
Springfield - MO$272,938 +2.4% 13.0d
Get new posts in your inbox. No spam, unsubscribe anytime.