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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
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
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.

Intermediate Chart

Median Price

In 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.

 

 

28 Dec

 

Jennifer Thowe3-3

 

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 [email protected].  You can also visit our website at www.northkclakehomes.com.

27 Dec

 

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.leessummitlakehomes.com

Boatshow2014 Boatshow2014-2

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