Kansas City, MO 64124 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

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 neighborhood's primary market indicator is the median sold price of $126,500, which represents the most reliable signal of recent transaction values and suggests current market value is materially below asking levels in the analyzed sample; representative recent sale language applies given the sample basis.
2. There is a notable gap between the median listing price of $199,000 and the median sold price, which may indicate pricing friction and seller expectations above realized transaction prices; pricing gap suggests sellers may need concessions or price adjustments to close deals.
3. Market velocity appears slow based on the median days on market of 351, which indicates extended time-to-sale and points to slower transaction volume rather than immediate turnover; slower sales velocity may create negotiation room for buyers despite upward price trends.
4. Market context is mixed: the price year-over-year trend is up and rent year-over-year trend is up, while market temperature is neutral and interest rate pressure is moderate, collectively suggesting steady appreciation with balanced conditions and moderate financing headwinds for buyers and investors.

Notable Properties

The following 6 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.