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 (ZIP: 64138) is characterized by a median sold price of $196,500, reflecting a recent trend of slight downward pressure on sale prices. This is in contrast to the broader Kansas City metro area, which has experienced modest appreciation. The neighborhood has decreased 8% since 2022, indicating a shift in market dynamics that may impact seller expectations and buyer leverage.

Despite the median days on market extending to 152 days, suggesting slower sales velocity, the market remains competitive. Elevated inventory levels are present, with a notable increase in active listings relative to sales activity. This excess supply may indicate that buyers are gaining some leverage, even as rental rates continue to appreciate, signaling strong demand in the area. Overall, the market temperature is currently classified as neutral, suggesting a balanced environment for both buyers and sellers.

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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 in the Raytown MO 64138 area average around 6.07% to 6.375%, which is slightly lower than the 6.17% to 6.5% seen a month prior, indicating a modest cost opportunity for new financing.

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 $196,500 indicates a recent decrease in market value, reflecting broader trends in the area.

2. With 152 days on market, properties are experiencing slower sales velocity, which may influence buyer negotiation power.

3. The median listing price stands at $234,500, creating a significant gap compared to the sold price, which may lead to pricing friction for sellers.

4. Rental rates are on the rise, with a median market rent of $1,530, indicating strong demand in the rental sector.

5. Current interest rates are elevated, with 30-year fixed mortgage rates averaging between 6.07% and 6.375%, suggesting moderate interest rate pressure affecting buyer affordability.

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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.