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

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 signal is the median sold price of $219,000, which indicates recent transaction-level value; given the gap versus the median listing price of $407,500, sellers’ asking expectations appear materially higher than closed transactions, which may create pricing friction for marginal listings.
2. Liquidity shows slower-to-moderate velocity with a median days on market of 43, which suggests a measured sales pace rather than rapid turnover and may indicate buyers are selective under current conditions; this pace, combined with elevated sample inventory, appears to create balanced to slightly neutral market dynamics.
3. Market direction and pressure: year-over-year pricing is up, and rent trends are up, but elevated interest rate pressure is noted as elevated, with 30-year fixed mortgage rates averaging 6.6%, which may temper buyer affordability and prolong time-to-contract despite upward price momentum—this constitutes a cautionary headwind for near-term demand.
4. Income and valuation context: the median market rent of $1,890 and median price per square foot of $167 frame returns and comparables for investors and owner-occupiers; given the upward rent trend and the divergence between asking and sold prices, underwriting should emphasize transaction comparables and conservative rent assumptions to account for valuation spread.

Notable Properties

The following 3 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.