Kansas City, MO 64134 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

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 indicator, the median sold price, is 154,000, which represents the most reliable signal of recent transaction value and should be prioritized over asking prices when valuing comparable SFR and condominium listings. representative recent sale
2. There is a notable spread between the median listing price (197,500) and the median sold price (154,000), which may indicate pricing friction and seller expectations that exceed realized transaction values—this gap appears to contribute to slower absorption rather than immediate bidding wars.
3. Liquidity measures point to constrained velocity: the median days on market (271) suggests slower sales velocity and, together with elevated inventory relative to sales activity in the sample, may require longer marketing periods or price adjustments to achieve contracted sales.
4. Market backdrop is supportive of price and rent gains but carries external pressure: the market is described as hot with a price year-over-year trend: up and rent year-over-year trend: up, signaling strengthening fundamentals, while interest rate pressure: elevated and local 30-year fixed mortgage rates averaging approximately 6.58% to 6.75% may temper buyer purchasing power and should be built into pricing strategies. hot market

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.