Kansas City, MO 64123 Real Estate Market Report

ZIP Code: 64123
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.

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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

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.

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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 64123 area are averaging 6.34%, which is higher than the sub-6% levels observed earlier in 2026, indicating that property owners who secured loans during that period are currently holding a more favorable interest rate.

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 primary indicator of market value is the median sold price of $119,900, which serves as the representative recent sale and, compared with the median listing price of $145,000, suggests a pricing gap between seller expectations and transaction levels that may require sellers to moderate asks to reach contract activity.

2. The median days on market of 186 indicates slower sales velocity; combined with elevated inventory relative to sales in the analyzed sample, this suggests softening liquidity where transactions may take longer to complete and buyers can be more selective.

3. The price year-over-year trend: up alongside a reported market temperature of neutral implies modest appreciation but a balanced negotiation environment; sellers may still achieve gains, but the market appears neutral-to-warm rather than strongly favoring one side.

4. The median market rent of $1,200 and a rent year-over-year trend of up signal strengthening rental demand, while interest rate pressure is reported as moderate and local 30-year fixed mortgage rates are noted at 6.34%—together these factors suggest caution for leveraged buyers and continued appeal for buy-to-rent strategies where cash flow and financing terms align.

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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.