Kansas City, MO 64138 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 primary market value signal is the median sold price of 161,000, which, alongside a reported price year-over-year trend of up, indicates recent transaction-level price appreciation in the ZIP code.
2. There is a material gap between the median listing price of 200,000 and the median sold price of 161,000, which suggests pricing friction and that seller expectations may be above what recent transactions are supporting.
3. Liquidity appears slow: the median days on market is 339, which aligns with slower transaction volume and, when combined with elevated inventory relative to sales activity in the analyzed sample, may indicate elongated marketing timelines for SFR and condo listings.
4. Rental and financing context is supportive but cautious: the median market rent is 1,495 with rent year-over-year trend up, while interest rate pressure is described as moderate and local 30-year fixed mortgage rates are averaging 6.6%, which may temper buyer affordability even as rents rise.

Notable Properties

The following 5 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.