Kansas City, MO 64123 Real Estate Market Report

ZIP Code: 64123
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 Kansas City, MO (ZIP: 64123) market is characterized by a median sold price of $160,500, reflecting a stable transaction environment. The neighborhood has shown a positive price trend, with prices generally up year-over-year. This increase in sold prices indicates a resilient market, despite a median days on market of 259, suggesting slower sales velocity and potential pricing friction as buyers navigate elevated inventory levels.

The current market conditions reveal a median listing price of $155,000, which is slightly below the sold price, indicating that sellers may need to adjust expectations to align with buyer sentiment. With elevated inventory levels relative to sales activity, the market appears to be balancing, although the neutral market temperature suggests that competition remains moderate as we approach the spring selling season. The median market rent stands at $1,530, further indicating a stable rental environment that complements the sales market dynamics.

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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

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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 MO market average around 5.88% to 6.25%, which is notably lower than the 6.75% average seen one year ago, presenting a cost-saving opportunity for property owners.

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. $160,500 is the median sold price, indicating a stable transaction environment in the market.

2. $155,000 is the median listing price, suggesting potential pricing friction as sellers may need to adjust expectations.

3. The median days on market of 259 reflects slower sales velocity, indicating that properties are taking longer to sell.

4. The market temperature is neutral, suggesting balanced conditions between buyers and sellers, with moderate competition.

5. Year-over-year trends show both prices and rents are up, indicating a strengthening market despite elevated interest rate pressure.

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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.