Kansas City, MO 64151 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 indicator is the 283,500 median sold price, which reflects recent transaction levels and suggests realized market value below asking levels given the 359,475 median listing price and potential pricing friction between sellers and closed transactions.
2. Despite a 405 median days on market—which signals slower sales velocity relative to typical hot markets—the overall market is labeled hot by trend metrics, so the slower turnover may indicate supply-side listing duration rather than weak demand.
3. Inventory in the analyzed sample shows elevated inventory relative to sales activity, which may indicate excess supply relative to current transaction volume and suggests sellers should be prepared for longer marketing periods and potential concessions.
4. Rents and pricing are moving in the same direction: up for price year-over-year trend and up for rent year-over-year trend, while elevated interest rate pressure advises caution for buyers financing purchases and may temper near-term demand despite a strong market temperature.

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.