Kansas City, MO Real Estate Trends
Kansas City, MO Real Estate Trends
Learn more about the current housing trends in Kansas City, MO, with our guide below. For additional information on the local housing market, download our Market Trends Executive Summary.
Understanding Market Statistics
Attempting to understand market statistics can be a bit overwhelming at first. “All those numbers look fascinating, but what do they mean?” Some of the numbers in the chart on the left will be fairly simple to understand, but there are a few that aren’t so easy to figure out. Here’s a bit of extra information to help make the rest of these numbers a bit more useful to you.
- Homes Absorbed translates as the number of homes sold.
- Newly Listed means the number of new homes brought onto the market.
- Total Inventory simply means the number of properties currently for sale.
- Days on Market is basically the average number of days a home can expect to be for sale before a contract is closed.
| 7-day Market Stats by All Quartiles for Single Family properties in KANSAS CITY, MO as of 20 Dec 2013 |
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|---|---|---|---|
| Median List Price: | $119,500 | Average List Price: | $178,455 |
| Total Inventory: | 2,620 | Price Per Square Foot: | $81/SqFt |
| Average Home Size: | 1,590 SqFt | Median Lot Size: | 11,326 SqFt |
| Average # Beds: | 3.30 | Average # Baths: | 2.02 |
| Homes Absorbed: | 169 | Newly Listed: | 92 |
| Days on Market: | 127 days | Average Age: | 53 years |
| Data provided by and ©2013 Altos Research LLC | |||
Understanding Quartiles
This chart breaks down the local housing market into price-based quartiles. The market can look very different for different homes in price points. Breaking the market into quartiles helps us better understand how the market is behaving for the particular price range we are buying or selling in.
| 7-day Market Stats by Quartile for Single Family properties in KANSAS CITY, MO as of 20 Dec 2013 |
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|---|---|---|---|---|---|---|---|---|---|---|
| Quartile | Median Price | Sq. Ft. | Lot Size | Beds | Baths | Age | Inventory | New | Absorbed | DOM |
| Top/First | $324,900 | 2,976 | 22,216 | 4.01 | 3.07 | 33 | 655 | 18 | 40 | 149 |
| Upper/Second | $149,900 | 1,624 | 9,750 | 3.30 | 2.19 | 41 | 655 | 17 | 41 | 112 |
| Lower/Third | $90,000 | 1,280 | 10,019 | 3.03 | 1.60 | 58 | 655 | 17 | 36 | 129 |
| Bottom/Fourth | $33,400 | 1,104 | 8,712 | 2.87 | 1.27 | 79 | 655 | 40 | 52 | 119 |
| Data provided by and ©2013 Altos Research LLC | ||||||||||
Market Trends — 7-day vs. 90-day Averages
The charts below provide two sets of numbers: 7-day averages and 90-day averages. The 7-day averages are provided to give a real-time snapshot of the market. However, just like the stock market, these numbers may vary drastically from week to week. The 90-day averagesmooths out the peaks and valleys, giving you a more historically accurate picture of the local market’s health.
Median PriceIn real estate, the median price is many times used in favor of the average price because median price will typically offer a more accurate picture of the local price levels. When averages are used, a few overly high-priced or extremely low-priced homes for sale can unfairly skew the average. Using median price is a better choice as it allows these extremes to cancel each other out, thus restoring the balance. |
Welcome Jennifer Thowe of the Northland to the Renee Amey Realty Group
Friends and Family,
I am excited to announce that I have started down a new and challenging career path. I recently obtained my Missouri Real Estate license and joined the Renee Amey team with RE/MAX Elite. Renee’s team has over 10 years of experience in real estate and have been consistently rated in the top 5% of realtors in the Kansas City area.I feel very fortunate to be pursuing a career that I am so passionate about. My primary focus will be on Lee’s Summit and Northland communities, specializing in those communities that have lakes and golf courses. My goal is to provide excellent customer service by using innovative, technology driven solutions for buying and selling homes in today’s market. If you know of anyone who is thinking about buying or selling property, I would appreciate you giving them my name. I will do everything I can to deliver the highest level of service to meet their real estate needs and exceed their expectations. I’ve included a few business cards for your convenience.
I can be reached at 816-699-1261, or email me at jen@northkclakehomes.com. You can also visit our website at www.northkclakehomes.com.
Renee Amey Realty Group attending the 60th KC Boat Show, Bartle Hall Jan 23-26, 2014
Come visit the Renee Amey Team at booth #547 at the 60th KC Boat Show, Bartle Hall Jan 23-26, 2014. What a fun event for the whole family to enjoy. Look at all the new boats, ATV’s and fishing gear for 2014. Consider putting that new boat on your very own dock right here in one of the great lake communities in Kansas City. Why drive 3-4 hours each way to a second home, only to spend the first day unpacking and repairing items on your investment that sits empty 50% of the year. Visit us at www.lslakehomes.staging.wpengine.com
BEST BUILDING LOT in all of KC that has approx 300′ of lake frontage! Lot C10 & TRC $525K
[wnt_list ownertype=”all” search_mode=”form” primarysearchtype=”active” searchtype=”subdivision” min_price=”0″ max_price=”1000000000″ subdivision_text=”Lake Winnebago” has_lakefront=”Y” lots_acreage=”y” /]
Very well may be the BEST BUILDING LOT in all of KC that has approx 300′ of lake frontage! Build your dream home at this Lake Winnebago Lot located on wide body water in great location where you can put in your own private dock with boat lifts. Standard lots have 75′ on lake frontage so this is an amazing opportunity! Enjoy all the amenities:
Rare Find in Lake Winnebago-130′ Lake Frontage, Lot B3, Only $275k
[wnt_list ownertype=”all” search_mode=”form” primarysearchtype=”active” searchtype=”subdivision” min_price=”0″ max_price=”1000000000″ subdivision_text=”Lake Winnebago” has_lakefront=”Y” lots_acreage=”y” /]
RARE FIND-Lakefront Lot with 130′ of lake frontage available on Wide Body Water! Std Lots only 75′ Wide. 1 of the few opportunities left to purchase lakefrt prop. Enjoy all the amenities:opportunity to own your own private dock,yacht club,commty ctr,equestrian facil,water ski course.