Kansas City, MO 64114 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

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

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 neighborhood's primary market indicator, median sold price, is $288,000, which best reflects recent transaction activity and suggests realized values are below asking levels given the $366,117 median listing price; this gap may indicate pricing friction as sellers recalibrate expectations. stable pricing gap
2. Liquidity appears muted despite a 'hot' market temperature: with 50 median days on market, sales velocity is moderate and the sample shows elevated inventory relative to sales activity, which may indicate slower transaction volume even as prices trend upward. moderate transaction velocity
3. Price momentum is positive: the market-level price trend is noted as up, and market temperature is characterized as hot, supporting appreciation risks for buyers and near-term upside for sellers who correctly price properties. median price per square foot: $191
4. Rental dynamics support investment demand: median market rent is $1,395 and rent year-over-year trend is up, while interest rate pressure is elevated, which may compress buyer affordability and prolong listing times unless rents continue to strengthen. rental tailwind

Notable Properties

The following 4 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.