03/12/25
What's Happening in Kansas City Real Estate This Week

As we move into the second week of March, the Kansas City real estate market is showing some shifts. While there’s still plenty of activity, some key numbers have taken a dip compared to last week. Let’s dive into this week’s numbers and compare them to last week to see how things are evolving.

New Listings:

This week, the number of new listings has dropped by 13%, from 701 homes last week to 609 homes. While this may seem like a decrease, it’s normal for inventory to fluctuate as we move into different parts of the year. The spring market is just around the corner, so we expect more listings to come up soon.

Homes Sold:

The number of homes sold has decreased by 15%, from 809 homes last week to 688 homes this week. Despite the dip, homes are still selling at a strong pace, and demand remains relatively high. Sellers who price their homes right are still seeing success, but buyers may need to act quickly as homes are still moving.

Average List Value:

The average list price has decreased by 6%, from $433,633 last week to $408,695 this week. This drop may indicate that sellers are adjusting their expectations or strategically pricing homes to stay competitive as more listings come on the market. Buyers might find more opportunities in this price adjustment.

Average Sold Price:

The average sold price has also decreased by 6%, now standing at $355,524 compared to $377,727 last week. This decrease could be indicative of a rise in sales of lower-priced homes or a general adjustment in the market as more inventory becomes available. While the dip in average sold price is noticeable, it’s still within a healthy range for Kansas City.

Price Reductions:

The number of homes with price reductions has increased by 4%, with 476 homes seeing price cuts this week, up from 460 homes last week. This may suggest that sellers are adjusting to market conditions and trying to remain competitive as more homes come on the market. If you're a buyer, this could be an opportunity to find properties that have recently been reduced in price.

Homes Going Back on the Market:

Homes going back on the market have increased by 9%, from 141 homes last week to 154 homes this week. This might indicate that some deals have fallen through, or buyers are taking more time to finalize their decisions. If you’re interested in a property that’s come back on the market, it’s important to understand why the deal didn’t close.

Pending Sales:

Pending sales have decreased by 2%, from 835 homes last week to 817 homes this week. This slight dip is common as the market adjusts, but pending sales are still strong overall, indicating that buyers are making offers and moving forward with transactions.

Average Days on Market:

The average number of days on market has decreased by 7%, from 56 days last week to 52 days this week. Homes are selling a bit faster, which is a good sign for sellers. Buyers should be prepared for more competition as homes are moving more quickly in certain price ranges.

What Does This Mean for You?

Overall, while some metrics show a slight decline, the Kansas City real estate market remains active. The decrease in listings and slight adjustments in prices reflect a market that’s adapting to buyer needs and competition. Buyers have opportunities to find price reductions, while sellers who price competitively are still seeing strong demand.