07/23/25
What's Happening in Kansas City Real Estate This Week

As we near the end of July, the Kansas City real estate market continues to show steady activity with some slight adjustments across key metrics. The number of homes listed and pending sales has decreased, while sales and average list prices have experienced moderate shifts. Let’s break down this week’s numbers and compare them to last week’s trends to see how the market is evolving.

New Listings:

This week, the number of homes listed has decreased by 7%, now totaling 808 homes. This follows last week’s 869 homes. The drop in new listings is not unusual for this time of year as the market typically stabilizes after the mid-summer surge. Buyers still have plenty of options, but we may see listings pick up again in the coming weeks as we move into the final months of summer.

Homes Sold:

The number of homes sold has increased by 1%, now at 842 homes. This is a slight rise from last week’s 801 homes. Even though new listings are down, the increase in sales suggests that buyer activity remains strong, with many homes still moving through the sales process.

Average List Value:

The average list price has increased by 2%, now at $403,930. This follows last week’s $394,370. The increase in list prices indicates that sellers are confident in the market, continuing to price homes slightly higher as demand persists. This shift may also reflect more high-priced listings entering the market.

Average Sold Price:

The average sold price has decreased by 8%, now at $374,968. This is down from last week’s $409,044. The drop in the average sold price could be due to a higher volume of lower-priced homes selling or a shift toward more affordable properties closing. Even with the decrease, home values remain solid compared to previous years.

Price Reductions:

The number of homes with price reductions has remained steady at 862 homes, the same as last week. This indicates that sellers are continuing to adjust their prices to stay competitive, but the number of price reductions is relatively stable. For buyers, this presents opportunities to find homes that have been adjusted to attract more attention.

Pending Sales:

Pending sales have decreased by 7%, now at 816 homes. This is down from last week’s 877 homes. The slight drop in pending sales could indicate that buyers are taking a bit longer to make decisions or that fewer offers are being made during this mid-summer period. However, pending sales remain at a healthy level, suggesting that buyer interest is still strong.

Homes Going Back on the Market:

The number of homes going back on the market has decreased by 19%, now at 151 homes. This follows last week’s 186 homes. The decline in homes coming back to market suggests that more deals are progressing to closing without complications, which is a positive sign for both buyers and sellers.

Average Days on Market:

The average number of days on market has increased by 19%, now standing at 38 days. This is an increase from last week’s 32 days. The rise in days on market may suggest that homes are taking a bit longer to sell, possibly due to the slight dip in sales and listings. However, 38 days is still a relatively short time frame, indicating that homes are still selling efficiently, even with the minor adjustment.

What Does This Mean for You?

Overall, the Kansas City real estate market is showing steady activity with some minor fluctuations. While the number of listings and pending sales has decreased slightly, the market remains active, with homes continuing to sell at competitive prices. The drop in the average sold price is something to watch, but overall home values remain strong.

For sellers, pricing homes strategically will continue to be important, especially as days on market increase slightly. For buyers, this is still a great time to explore new listings, and the market offers opportunities to find homes with price reductions or deals on properties that have been sitting a bit longer.