The August 2025 Kansas City Area Market update is courtesy of The Rost Group and KCRAR. Homes are selling for an average of 96.9% of the original list price. Days on the market is at 41 days. KC has a 2.7 months supply of homes on the market, which is 8,360 available houses. As the 2025 Summer real estate season in Kansas City winds down and we transition into Fall, our area market is still strong! Please reach out with any questions.

 

Closed Sales increased 1.3 percent for Existing Homes homes but decreased 1.4 percent for New Construction homes. Pending Sales increased 1.1 percent for Existing Homes homes but decreased 4.7 percent for New Construction homes. Inventory increased 11.9 percent for Existing Homes homes and 1.1 percent for New Construction homes. 

Median Sales Price increased 5.7 percent to $310,000 for Existing Homes homes and 8.5 percent to $555,000 for New Construction homes. Days on Market increased 34.6 percent for Existing Homes homes but decreased 11.4 percent for New Construction homes. Months Supply of Inventory increased 8.7 percent for Existing Homes homes but decreased 1.8 percent for New Construction homes.

 

 

The majority of the Kansas City metro is still in a seller’s market, but not all areas are alike. Exact data varies from county to county, and for different home prices. There are now some price points and/or areas that are coming into a balanced or buyer’s market. Always consult with your Agent for personalized information. Email Miles Rost or Nicole Laufenberg with questions about the market in your current or future neighborhood. You can also call us at 913-451-4888.

 

NATIONAL NEWS

U.S. existing-home sales rose 2.0% month-over-month and 0.8% year-over-year to a seasonally adjusted annual rate of 4.01 million units, according to the National Association of REALTORS® (NAR). Economists polled by Reuters had forecast a rate of 3.92 million units. Regionally, sales increased on a monthly basis in the West, South, and Northeast, but declined in the Midwest.

Nationally, 1.55 million units were listed for sale heading into August, up 0.6% from the previous month and 15.7% higher than the same time last year, representing a 4.6-month supply at the current sales pace, according to NAR. Inventory is now at its highest level since May 2020, a shift that has helped slow price growth in many markets. As a result, the national median existing-home sales price edged up just 0.2% year-over-year to $422,400.

In the Kansas City metro area, the year-to-date average home sales price is $382,064, and the median is $325,000, which hits well below the current national median of $422,400, keeping homeownership affordable in Kansas City!

 

All stats and information courtesy of KCRAR – the Kansas City Regional Association of Realtors®