Kansas City, MO 64109 Real Estate Market Report

Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

Market Metrics

The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

Rental Market

Property Taxes

Liquidity & Velocity

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

Market Trends & Context

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

Key Findings

1. The primary market indicator is the median sold price of 101,000, which signals the realized value level for recent transactions and suggests pricing is lower than current asking levels given the median listing price of 185,000; this gap may indicate pricing friction between sellers and buyers.
2. The median days on market of 331 points to slower sales velocity and extended time-to-sell, which, combined with elevated inventory relative to sales, appears to dampen liquidity rather than indicate immediate distress.
3. The median price per square foot of 98.07 provides a consistent basis for comparing nearby comparables and suggests rebuilding valuations should focus on unit-level pricing rather than listing tags; use this metric to calibrate offers and renovation thresholds and consider that this is the representative recent sale metric.
4. Macro and rental context: rent year-over-year trend is up while price year-over-year trend is up and local financing shows a 6.6% average 30-year fixed rate with elevated interest rate pressure; these signals together suggest rental demand is supporting market fundamentals but higher borrowing costs may cap buyer purchasing power.

Notable Properties

The following 5 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.