Raytown, MO 64138 Real Estate Market Report

ZIP Code: 64138
Report Date: February 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

As of February 2026, the real estate market in Raytown, MO is characterized by a median sold price of $198,000, reflecting a stable market despite mixed indicators. The neighborhood has increased 15% since 2023, indicating a positive trend in property values. However, the median days on market stands at 152, suggesting a slower sales velocity and potentially elevated inventory levels relative to sales activity. This may indicate a market transitioning towards a more balanced state, although the current median listing price of $231,450 shows a notable gap compared to sold prices, highlighting seller expectations that may not align with buyer readiness.

The overall market temperature is assessed as neutral, with moderate transaction volume and robust rental demand driven by affordability advantages in the Kansas City metro area. While employment remains stable, Raytown faces long-term population challenges that could impact future demand. The median market rent is $1,530, and with moderate interest rate pressure, current mortgage rates provide a favorable refinancing window for buyers, potentially enhancing market liquidity moving forward.

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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 near 5.875% in the Raytown MO area are 0.78% lower than the 6.655% average seen one year ago, presenting a favorable refinancing window for recent borrowers.

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 median sold price of $198,000 reflects a stable market with a 15% increase since 2023, indicating strengthening property values.

2. With a median days on market of 152, the market is experiencing slower sales velocity, suggesting elevated inventory levels relative to sales activity.

3. The median listing price of $231,450 presents a significant gap compared to the sold price, indicating potential pricing friction as sellers adjust expectations.

4. The median market rent of $1,530 highlights robust rental demand, supported by affordability in the Kansas City metro area, which may attract more renters to the region.

5. Current mortgage rates at approximately 5.875% are 0.78% lower than last year, creating a favorable refinancing environment for buyers.

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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.