Kansas City, MO 64114 Real Estate Market Report

ZIP Code: 64114
Report Date: February 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

As of February 2026, the real estate market in Kansas City, MO (ZIP: 64114) reflects a median sold price of $315,000, indicating a stable market despite elevated interest rate pressure. The neighborhood has increased up since the previous year, showcasing resilience in the face of economic fluctuations. The median listing price stands at $275,000, suggesting a notable gap between seller expectations and actual transaction values, which may indicate pricing friction in the current market environment.

Transaction activity appears moderate, with 154 days on the market for properties, reflecting slower sales velocity. This extended timeframe suggests that buyers are exercising caution, potentially due to elevated interest rates, which are currently around 6.09%, lower than the 6.87% seen last year. The overall market temperature is classified as neutral, indicating a balance between supply and demand, although elevated inventory levels may contribute to a more competitive landscape for buyers.

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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.

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Market Metrics

Note: 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.

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Rental Market

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Property Taxes

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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.

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Market Trends & Context

Understanding Market Temperature

A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in the Kansas City area around 6.09% are notably lower than the 6.87% average seen one year ago, presenting a cost advantage for recent borrowers.

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

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Key Findings

1. The median sold price of $315,000 indicates a stable market despite current economic pressures.

2. With a median listing price of $275,000, there is a significant gap that suggests pricing friction between seller expectations and market realities.

3. Properties are spending a median of 154 days on market, reflecting slower sales velocity and potential buyer caution.

4. The market temperature is classified as neutral, indicating a balanced supply and demand dynamic in the area.

5. Elevated interest rates, currently around 6.09%, may be contributing to elevated interest rate pressure affecting buyer activity.

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Notable Properties

The following 8 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.