06/04/25
What's Happening in Kansas City Real Estate This Week

As we enter June, the Kansas City real estate market is showing notable growth, with significant increases in listings, sales, and prices. This week’s numbers are a clear indicator that the market is picking up momentum, with many key metrics showing strong upward movement compared to last week. Let’s break down the trends and compare them to last week’s changes to see how the market is evolving.

New Listings:

This week, the number of homes listed has increased by 14%, bringing the total to 883 homes. This surge follows last week’s 772 homes and reflects a healthy increase in inventory. With more homes on the market, buyers have more options to explore, and sellers will benefit from the increased competition among buyers.

Homes Sold:

The number of homes sold has risen by a remarkable 41%, now totaling 1,145 homes. This sharp increase compared to last week’s 814 homes is a strong sign of active buyer demand. The high volume of sales shows that the market is continuing to thrive, and well-priced homes are moving quickly.

Average List Value:

The average list price has increased by 5%, now standing at $441,007. This rise from last week’s $420,382 reflects the growing confidence in the market, as sellers are pricing their homes higher in response to strong demand. As the market becomes more competitive, buyers can expect to see a wider range of listings at various price points.

Average Sold Price:

The average sold price has increased by 10%, now at $411,939. This is a significant jump from last week’s $374,013 and suggests that buyers are willing to pay more for desirable homes. Sellers are seeing higher returns, and home values are continuing to climb in line with the demand.

Price Reductions:

Price reductions have surged by 48%, now totaling 869 homes. This sharp increase from last week’s 624 homes indicates that more sellers are adjusting their prices to remain competitive in the market. For buyers, this could present opportunities to negotiate better deals, especially as sellers adjust to the changing market dynamics.

Pending Sales:

Pending sales have increased by 13%, bringing the total to 883 homes. This is an encouraging sign, showing that buyers are still actively moving forward with offers. The increase in pending sales from last week’s 783 homes suggests continued buyer confidence, and we expect this number to keep rising as the season progresses.

Homes Going Back on the Market:

The number of homes going back on the market has increased by 8%, now standing at 172 homes. This follows last week’s 159 homes and suggests that a small percentage of deals are falling through. While this number is relatively modest, buyers should be mindful of homes that have returned to the market, as they may present opportunities or potential concerns to investigate.

Average Days on Market:

The average number of days on market has increased by 8%, now averaging 39 days. This is a slight increase from last week’s 36 days, but it still reflects a relatively fast-moving market. Homes that are priced right are still selling quickly, but buyers may have a bit more time to explore listings and make their decisions.

 

What Does This Mean for You?

Overall, the Kansas City real estate market is showing strong growth as we head into the summer months. The significant increases in new listings, sales, and average prices indicate a healthy and competitive market. While there is a rise in price reductions and homes going back on the market, this is a natural adjustment as the market stabilizes.

Sellers should be confident that there is strong demand for homes, but it’s important to price competitively to attract buyers. Buyers will have more options as listings increase, but should be prepared to act quickly as homes are moving quickly.