Kansas City, MO 64128 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

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

Key Findings

1. The neighborhood's primary market value signal is the median sold price of 72,000, which should be treated as the representative recent sale when assessing local comps and underwriting assumptions; use sold prices over listing prices for valuation.
2. There is a notable divergence between the median listing price of 107,900 and the median sold price of 72,000, which suggests seller asking expectations exceed realized transaction levels and may create pricing friction; down pressure on achievable prices appears likely if listings remain unchanged.
3. Liquidity appears slow: the median days on market is 265, which, combined with elevated inventory relative to sales activity in the analyzed sample, suggests slower sales velocity and longer time to convert listings to closed transactions; caution is warranted for time-sensitive dispositions.
4. Rental performance shows supportive income fundamentals with a median market rent of 1,200 and a rent year-over-year trend that is up, but elevated interest rate pressure (noted as elevated) may limit buyer affordability and prolong the window for price recovery.

Notable Properties

The following 7 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.