07/30/25
What's Happening in Kansas City Real Estate This Week

As we end July and approach August, the Kansas City real estate market is showing some subtle shifts. Listings and sales have seen slight decreases, while the average sold price has experienced an uptick. The overall trends suggest a market stabilizing as we enter the last month of summer. Let’s break down this week’s numbers and compare them to last week’s changes to understand the market dynamics.

New Listings:

This week, the number of homes listed has decreased by 1%, now totaling 797 homes. This is a slight drop from last week’s 808 homes. The decrease in new listings is common as we move deeper into summer, with some sellers taking a break or waiting for the optimal time to list their homes. The inventory remains solid, and we expect more homes to come onto the market as we approach the fall season.

Homes Sold:

The number of homes sold has decreased by 4%, now standing at 807 homes. This is down from last week’s 842 homes. While the number of homes sold has dipped slightly, the market remains relatively strong with homes continuing to close. The decrease in sales could be seasonal, as we typically see slight slowdowns in activity during mid-summer.

Average List Value:

The average list price has decreased by 2%, now at $395,821. This follows last week’s $403,930. Sellers may be adjusting their list prices slightly to remain competitive in a market where buyer activity is steady but not as strong as earlier in the season. Even with the drop, the list prices remain competitive for Kansas City, indicating that sellers are pricing their homes realistically in the current market.

Average Sold Price:

The average sold price has increased by 7%, now sitting at $401,877. This is an increase from last week’s $374,968. The rise in the average sold price suggests that buyers are still willing to pay strong prices for homes, especially those in desirable locations. The increase is a positive sign for sellers, indicating that well-priced homes continue to see strong demand.

Price Reductions:

The number of homes with price reductions has decreased by 11%, now at 765 homes. This is a drop from last week’s 862 homes. The decline in price reductions suggests that fewer sellers are adjusting their prices, possibly because homes are now being priced more accurately from the start. Buyers may still find some opportunities in reduced-price listings, but overall, price adjustments appear to be stabilizing.

Pending Sales:

Pending sales have decreased by 3%, now standing at 791 homes. This follows last week’s 816 homes pending sale. The slight decrease in pending sales could be a seasonal adjustment, as some buyers may be waiting for the fall market. Despite the drop, pending sales are still relatively high, indicating that there is still strong buyer interest.

Homes Going Back on the Market:

The number of homes going back on the market has decreased by 3%, now at 147 homes. This follows last week’s 151 homes. This decrease is a good sign, indicating that fewer deals are falling through, which helps stabilize the market and build confidence for both buyers and sellers.

Average Days on Market:

The average number of days on market has decreased by 5%, now averaging 36 days. This is a drop from last week’s 38 days, indicating that homes are still selling relatively quickly. Even though the market is adjusting, well-priced homes are continuing to move efficiently, which is great news for sellers.

 

What Does This Mean for You?

This week’s market update shows some expected seasonal shifts, with minor decreases in listings, sales, and price reductions. However, the increase in the average sold price suggests that the Kansas City market is still strong and that homes continue to hold value. The decrease in days on market is a positive sign for sellers, indicating that homes are still moving relatively quickly when priced correctly.

For buyers, this is a good time to explore available listings before the fall market picks up. For sellers, maintaining competitive pricing and adjusting to current market conditions will help ensure that homes continue to sell efficiently.