04/23/25
What's Happening in Kansas City Real Estate This Week

As we reach the end of April, the Kansas City real estate market continues to show a blend of steady sales and slight changes in inventory. The number of homes sold is up, while listings and pending sales have dipped a bit. These shifts are common as the market adjusts during the spring season. Let’s break down this week’s numbers and what they mean for buyers and sellers.

New Listings:

This week, the number of new homes listed has decreased by 5%, bringing the total to 713 homes. Although there’s a slight decline in new listings, it’s not uncommon for inventory to fluctuate during the spring season. As we move further into the season, we anticipate more homes will be listed to meet the growing demand from buyers.

Homes Sold:

On a positive note, the number of homes sold has increased by 5%, now at 786 homes. This shows that demand is still strong, with buyers actively closing deals. The market is continuing to move, and sellers who are pricing their homes competitively are seeing good results.

Average List Value:

The average list price has increased by 2%, now standing at $422,171. This increase in list prices suggests that sellers are confident in the market and are pricing their homes accordingly. For buyers, this means you may encounter slightly higher prices, but there are still a variety of listings available at different price points.

Average Sold Price:

The average sold price has also increased by 2%, now at $367,083. This indicates that homes that are selling are maintaining their value, even as inventory continues to increase. Sellers can feel confident that well-priced homes are still attracting competitive offers, and buyers can expect to see homes holding strong value in desirable areas.

Price Reductions:

Price reductions have decreased by 2%, with 624 homes now seeing price cuts. This slight decrease suggests that fewer sellers are needing to lower their prices, possibly due to better initial pricing or a more balanced market. However, price reductions still provide an opportunity for buyers to negotiate and find homes at more competitive prices.

Pending Sales:

Pending sales have decreased by 9%, now totaling 884 homes. This dip could indicate that some buyers are slowing down or taking more time to make decisions. As we transition through spring, we may see this number rise again as buyer activity picks up and more homes go under contract.

Homes Going Back on the Market:

The number of homes going back on the market has increased by 5%, now sitting at 155 homes. This increase could be due to deals falling through or buyers reconsidering their choices. If you’re interested in a property that has returned to the market, it’s important to investigate why the deal didn’t close initially.

Average Days on Market:

The average number of days on market has decreased by 6%, now averaging 44 days. Homes are selling faster than before, which is a positive sign for sellers. This could be due to a strong buyer pool still active in the market, especially for well-priced and well-maintained homes.

 

What Does This Mean for You?

While we’re seeing a slight dip in the number of listings and pending sales, the Kansas City real estate market remains healthy with positive indicators for both buyers and sellers. The increase in homes sold and the decrease in days on market show that there’s still strong demand, and well-priced homes are moving quickly. Sellers should continue to price strategically, and buyers will have opportunities in the current market to find good deals, especially with the slight price reductions.