Kansas City, MO 64123 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 signal of market value is the $47,000 median sold price, which reflects recent transaction activity and suggests that realized market value is materially below current asking levels in this ZIP code sample.
2. The $120,000 median listing price vs. the median sold price indicates a pronounced gap between seller expectations and recent transactions, which may indicate pricing friction and slower negotiation cycles despite upward price momentum.
3. With a 221 days median days on market, the market shows slower sales velocity that, combined with elevated inventory relative to sales activity in the analyzed sample, suggests liquidity is stretched and transactions may require longer marketing or price adjustments; note interest rate pressure is described as moderate, and 30‑year fixed mortgage rates are currently 6.6% compared to 6.1% earlier in 2026, which may weigh on near‑term buyer affordability.
4. Rental fundamentals remain supportive: the $1,295 median market rent and an up rent year‑over‑year trend point to strengthening rental demand, which can support investor interest even as sales liquidity appears slower.

Notable Properties

The following 3 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.