Kansas City, MO 64131 Real Estate Market Report

ZIP Code: 64131
Report Date: February 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

---

Executive Overview

As of February 2026, the median sold price in Kansas City, MO (ZIP: 64131) stands at $253,000, reflecting a stable market condition. The neighborhood has shown a consistent price trend, with a median listing price of $253,250, indicating a slight pricing friction between seller expectations and actual transaction values. The market appears to be balancing, as the median days on market is 195, suggesting a slower sales velocity, which may indicate buyers are gaining some ground in negotiations despite the overall moderate price appreciation observed in the region.

Inventory conditions reveal elevated levels, with an excess supply relative to sales activity, contributing to a neutral market temperature. This scenario may provide opportunities for buyers, as the median price per square foot is recorded at approximately $182.29. Additionally, the median market rent has seen upward pressure, currently at $1,530, suggesting a robust rental demand that could influence future buying decisions.

---

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

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.

---

Rental Market

---

Property Taxes

---

Liquidity & Velocity

---

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 Kansas City MO average around 5.75% to 6.13% in early 2026, which is significantly lower than the 7.25% average rate seen for similar loans originated in mid-2026.

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

---

Key Findings

1. The median sold price is $253,000, indicating stable market conditions.

2. With a median listing price of $253,250, there is slight pricing friction between seller expectations and actual sales.

3. The median days on market is 195, reflecting slower sales velocity and potential buyer leverage in negotiations.

4. Inventory levels are elevated, indicating excess supply relative to sales activity in the market.

5. The median market rent is $1,530, showing upward pressure and strong rental demand in the area.

---

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.