Kansas City, MO 64123 Real Estate Market Report

ZIP Code: 64123
Report Date: February 2026
Market Temperature: HOT
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: 64123) shows a median sold price of $160,000, reflecting a stable market dynamic. The neighborhood has increased up since 2023, indicating a positive trajectory in property values. The market appears to be experiencing elevated inventory levels, with a notable 253 days on market, suggesting a slower sales velocity compared to previous periods. This extended time frame may indicate a shift in buyer sentiment or the impact of elevated interest rate pressure, which currently averages around 6.19% for 30-year fixed mortgages, slightly below historical rates of 6.68%.

Despite these challenges, the median listing price stands at $162,000, which is closely aligned with the median sold price, indicating that seller expectations are generally in line with market realities. The overall market temperature is classified as hot, driven by strong local economic factors that continue to support housing demand, although some potential buyers remain in the rental market due to interest rate pressures.

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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 Hot market indicates strong buyer demand with limited inventory, typically characterized by rising prices, quick sales (low days on market), and inventory levels below historical averages.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Kansas City MO average around 6.19% compared to historical 2026 rates near 6.68% for property owners in this market.

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 $160,000 reflects a stable market, with pricing pressures appearing to be up since 2023.

2. With a median days on market of 253, the market is experiencing slower sales velocity, suggesting elevated interest rate pressure may be impacting buyer activity.

3. The median listing price of $162,000 is closely aligned with the sold price, indicating that seller expectations are generally realistic and balanced with market conditions.

4. The median market rent is $1,530, which may indicate strong rental demand as some buyers remain sidelined due to financing costs.

5. Current interest rates are 6.19%, slightly lower than historical averages, but still contribute to elevated interest rate pressure affecting buyer sentiment.

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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.