Kansas City, MO 64123 Real Estate Market Report

ZIP Code: 64123
Report Date: April 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

---

Executive Overview

The Kansas City, MO housing market in ZIP code 64123 is characterized by a median sold price of $137,500, reflecting a stable market despite a slight decrease in prices year-over-year. This indicates a down trend in the neighborhood, which has seen pricing adjustments but remains resilient overall. The median listing price stands at $120,000, suggesting some pricing friction as sellers adjust expectations in response to market conditions.

Transaction activity appears moderate, with median days on market reaching 863, indicating slower sales velocity. The market temperature is currently neutral, suggesting a balanced environment where supply and demand are relatively aligned. Elevated inventory levels may indicate excess supply relative to sales activity, which could further influence pricing dynamics moving forward.

---

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

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.

---

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

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.

---

Key Findings

1. $137,500 is the median sold price, indicating a down trend in the market.

2. 863 days on the market reflects slower sales velocity, suggesting potential pricing adjustments may be needed.

3. The median listing price of $120,000 shows a gap compared to sold prices, indicating possible seller expectation challenges.

4. The market temperature is neutral, suggesting a balanced environment with no significant pressure on either buyers or sellers.

5. $1,530 is the median market rent, which is up year-over-year, indicating strong rental demand despite the sales market dynamics.

---

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.