05/08/25
What's Happening in Kansas City Real Estate This Week

As we move further into May, the Kansas City real estate market is showing impressive growth, particularly in the number of homes sold. Listings are up, pending sales have increased, and the market is generally active. While we see some upticks in price reductions and days on market, the overall trends point to a busy spring season with strong buyer demand. Let’s dive into this week’s numbers and what they mean for both buyers and sellers.

New Listings:

This week, the number of homes listed has increased by 6%, bringing the total to 845 homes. This increase in listings is great news for buyers, offering more options as the market continues to heat up. As we get deeper into spring, we can expect inventory to rise, making it a great time for buyers to explore their options.

Homes Sold:

The number of homes sold has surged by an impressive 42%, now sitting at 1,088 homes. This significant increase in closed sales reflects a high level of buyer activity and continued strong demand. For sellers, this is an encouraging sign that homes are moving quickly, and well-priced listings are seeing good traction.

Average List Value:

The average list price has increased by 1%, now at $427,347. This slight increase in pricing is a sign of confidence from sellers as they take advantage of the current market conditions. With more homes being listed, buyers can still find options across various price points, but expect to see some higher-end listings entering the market.

Average Sold Price:

The average sold price has increased by 6%, reaching $385,120. This rise reflects the strong demand for homes in Kansas City, with buyers willing to pay more for well-maintained properties. This trend indicates that homes are holding their value, and sellers are seeing competitive offers.

Price Reductions:

Price reductions have increased by 29%, now standing at 713 homes. This surge suggests that some sellers are adjusting their pricing strategies to remain competitive in a growing market. Buyers may find opportunities in these price-reduced listings, especially as sellers look to attract more attention in a competitive environment.

Pending Sales:

Pending sales have increased by 10%, now totaling 1,003 homes. This is a clear indication that buyer interest is high, with many homes going under contract. Pending sales are a good predictor of future market activity, so the increase shows that the market is likely to remain strong in the coming weeks.

Homes Going Back on the Market:

The number of homes going back on the market has increased by 29%, now at 186 homes. This could suggest that some deals have fallen through, or that buyers are reconsidering their options. If you're interested in a home that’s come back on the market, it’s important to understand why the previous contract didn’t close.

Average Days on Market:

The average number of days on market has increased by 33%, now averaging 48 days. This increase suggests that homes are taking a bit longer to sell compared to previous weeks. However, homes are still selling relatively quickly, and the overall market remains active. Sellers should continue to price their homes appropriately to attract serious buyers and close deals faster.

 

What Does This Mean for You?

Overall, the Kansas City real estate market is showing strong growth, particularly in the number of homes sold and pending sales. While there are some increases in price reductions and days on market, these fluctuations are common as we move further into the busy spring season. Sellers are seeing good activity and should price their homes competitively, while buyers have more options to explore with the rise in listings.