Kansas City, MO 64156 Real Estate Market Report

ZIP Code: 64156
Report Date: February 2026
Market Temperature: HOT
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

As of February 2026, the real estate market in Kansas City, MO (ZIP: 64156) is characterized by a median sold price of $517,500, reflecting a strong demand and consistent transaction activity. The neighborhood has increased up since 2023, indicating a robust appreciation in property values. The current market dynamics suggest a healthy environment for sellers, with elevated inventory levels contributing to a competitive landscape for buyers.

The median days on market stands at 284 days, which may indicate slower sales velocity and a potential pricing friction as buyers take their time to make decisions. Despite this, the market temperature remains hot, supported by a year-over-year increase in both sales prices and rental rates, with median market rent at $2,150. This combination of factors suggests a stable outlook for the market, although the elevated days on market may warrant caution for sellers regarding pricing strategies.

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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

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

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Property Taxes

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Liquidity & Velocity

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Market Trends & Context

Understanding Market Temperature

A Hot market indicates strong buyer demand with limited inventory, typically characterized by rising prices, quick sales (low days on market), and inventory levels below historical averages.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates near 6.10% in the Kansas City area are 0.76% lower than the 6.87% average seen one year ago, presenting a cost opportunity for refinancing.

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 $517,500 reflects strong market demand and recent appreciation.

2. With 284 days on market, the sales velocity appears slower, indicating potential pricing friction.

3. The median listing price of $554,780 suggests a notable gap between seller expectations and buyer activity.

4. Market temperature is hot, indicating a competitive environment for buyers despite elevated inventory levels.

5. The median market rent of $2,150 shows an upward trend, reinforcing the demand for rental properties in the area.

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Notable Properties

The following 7 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.