04/30/25
What's Happening in Kansas City Real Estate This Week

As we wrap up April, the Kansas City real estate market is showing a mix of strong activity and minor fluctuations. Listings are up, while the number of homes sold has seen a slight decrease. Overall, the market is still active, with positive trends for both buyers and sellers as we head into the busier months of the year. Let’s take a closer look at this week’s numbers and what they mean for you.

New Listings:

The number of homes listed this week has increased by 11%, now standing at 794 homes. This surge in new listings is great news for buyers, offering more options in a competitive market. As we head into May, more homes are expected to come to market, giving buyers a wider selection to choose from.

Homes Sold:

The number of homes sold has decreased by 2%, now totaling 769 homes. This slight dip is not unusual for this time of year as we transition further into the spring season. However, sales are still strong overall, and homes that are priced competitively are continuing to sell.

Average List Value:

The average list price has increased by 1%, now at $423,849. This modest increase suggests that sellers are confident in the market and continuing to price homes in line with current demand. While prices are rising slightly, buyers may still find homes in a variety of price ranges as new listings enter the market.

Average Sold Price:

The average sold price has decreased by 1%, now sitting at $363,451. This small drop is typical in a fluctuating market and may indicate that more lower-priced homes are selling or that buyers are negotiating prices more actively. Despite this slight decrease, home values are still holding strong overall.

Price Reductions:

Price reductions have decreased by 11%, with 553 homes experiencing price cuts this week. This decrease suggests that fewer sellers are needing to adjust their prices, which could indicate that homes are being priced more accurately from the start. However, there are still opportunities for buyers to find deals in homes that have seen price reductions.

Pending Sales:

Pending sales have increased by 4%, bringing the total to 916 homes. This uptick in pending contracts is a positive sign, indicating that buyer activity remains strong and that many homes are moving through the sales process. With more homes under contract, we expect continued momentum in the market.

Homes Going Back on the Market:

The number of homes going back on the market has decreased by 7%, now at 144 homes. This decline suggests that fewer deals are falling through, which is good news for both buyers and sellers. The stability in the process is encouraging, as more transactions are reaching closing without complications.

Average Days on Market:

The average number of days on market has decreased by 18%, now standing at 36 days. Homes are selling much faster than they were in previous weeks, which is a strong sign of market activity. Sellers can expect quicker sales if their homes are priced right, while buyers need to be prepared to act fast on desirable listings.

What Does This Mean for You?

The Kansas City real estate market is continuing to show positive movement as we wrap up April. While the slight decrease in sold homes and average sold price may seem concerning, the overall trends indicate a healthy, active market. The increase in listings and pending sales, along with the decrease in days on market, shows that both buyers and sellers are actively engaging in the market.

For buyers, now is a great time to explore the increased number of listings, especially as homes are moving faster. Sellers should remain confident in pricing their homes well to attract interest and ensure quicker sales.