{"id":47612,"date":"2024-08-29T09:23:16","date_gmt":"2024-08-29T16:23:16","guid":{"rendered":"https:\/\/www.homelight.com\/blog\/?p=47612"},"modified":"2026-04-05T23:51:17","modified_gmt":"2026-04-06T06:51:17","slug":"home-values-in-kansas-city","status":"publish","type":"post","link":"https:\/\/www.homelight.com\/blog\/home-values-in-kansas-city\/","title":{"rendered":"Home Values in Kansas City: A Comprehensive Guide"},"content":{"rendered":"

Curious about the current value of your Kansas City home? Whether you’re considering selling soon, looking to get rid of PMI<\/a>, or just interested in the latest housing price trends in your neighborhood, knowing what your home is worth can help shape your future plans.<\/p>\n

In this article, we\u2019ll explore home price trends in the City of Fountains, offer tips on how to get a reliable home value estimate<\/a>, and share simple strategies to boost your home\u2019s value. We\u2019ll also introduce helpful tools to ensure you get the best possible price when it\u2019s time to sell your Kansas City property.<\/p>\n\n\n\n\n\n

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\n \"homelight\n <\/div>\n \n

Already Own a Home? What's It Worth Now?<\/h3>\n

Home values have rapidly increased in recent years. How much is your current home worth now? Get a ballpark estimate from HomeLight’s free Home Value Estimator.<\/p>\n \n

\n Get Estimate<\/a>\n <\/div>\n <\/div>\n<\/div>\n\n\n

Editor\u2019s note: This post is for educational purposes and is not intended to be construed as financial advice. HomeLight always encourages you to consult your own advisor.<\/em><\/p>\n

<\/div>\n

Current home values in Kansas City<\/h2>\n

Since the summer of 2020, the median home value in Kansas City has increased by 37%. As reported by the Kansas City Regional Association of Realtors, the median home price in June of 2020 was just $230,000. As of June 2024, it\u2019s risen to $315,000<\/a>.<\/p>\n

However, the Kansas City housing market is beginning to shift in favor of buyers, with longer days on market and higher levels of inventory than seen in previous years.<\/p>\n

\u201cAs interest rates continue to fall, more buyers are able to enter the market and more sellers that were holding on to low interest rates will decide to sell their homes, creating even more inventory,\u201d said Krishon Harris, a Kansas City Realtor with ReeceNichols, in a report by KCtoday<\/a>.<\/p>\n

The table below illustrates how home prices have climbed in the Kansas City region over the last five years:<\/p>\n\n\n\n\n\n\n\n\n
Year<\/strong><\/td>\nMedian home price<\/strong><\/td>\nPercent change year-over-year<\/strong><\/td>\n<\/tr>\n
2024 (June)<\/a><\/td>\n$315,000<\/td>\n+ 6.8%<\/td>\n<\/tr>\n
2023<\/a><\/td>\n$300,000<\/td>\n0.0%<\/td>\n<\/tr>\n
2022<\/a><\/td>\n$300,000<\/td>\n+14.9%<\/td>\n<\/tr>\n
2021<\/a><\/td>\n$262,000<\/td>\n+13.9%<\/td>\n<\/tr>\n
2020<\/a><\/td>\n$230,000<\/td>\n+4.6%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Source: Kansas City Regional Association of Realtors<\/a><\/em><\/p>\n

\u200b\u200bThis trend is not unique to the City of Fountains, but is instead reflective of a nationwide phenomenon. The S&P CoreLogic Case-Shiller National Home Price Index reveals that home prices across the United States have surged by over 50%<\/a> since the start of 2020.<\/p>\n

Because of this dramatic shift, homeowners across the country have seen substantial gains in their equity<\/a>, which can be used to upgrade, invest, pay off debts, or even be put toward retirement savings. ICE\u2019s Mortgage Monitor reports that as of early 2024, the average mortgage-holding homeowner now boasts about $299,000 in equity<\/a>, which is only expected to increase.<\/p>\n

For comparison, the table below shows median home prices in cities and suburbs near Kansas City:<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
City<\/strong><\/td>\nMedian home price<\/strong><\/td>\nDistance from Kansas City<\/strong><\/td>\n<\/tr>\n
Merriam, KS<\/td>\n$300,000<\/td>\n14-20 min (10.7 miles)<\/td>\n<\/tr>\n
Lee\u2019s Summit, MO<\/td>\n$393,000<\/td>\n24-36 min (22.1 miles)<\/td>\n<\/tr>\n<\/thead>\n
Gladstone, MO<\/td>\n$274,500<\/td>\n14-24 min (8.5 miles)<\/td>\n<\/tr>\n
Liberty, MO<\/td>\n$320,000<\/td>\n21-37 min (15.6 miles)<\/td>\n<\/tr>\n
Olathe, KS<\/td>\n$407,500<\/td>\n27-40 min (23.4 miles)<\/td>\n<\/tr>\n
Lenexa, KS<\/td>\n$443,800<\/td>\n18-23 min (16.1 miles)<\/td>\n<\/tr>\n
Blue Springs, MO<\/td>\n$309,500<\/td>\n22-30 min (19.0 miles)<\/td>\n<\/tr>\n
Shawnee, MO<\/td>\n$183,100<\/td>\n15-21 min (10.6 miles)<\/td>\n<\/tr>\n
Leawood, KS<\/td>\n$693,400<\/td>\n22-40 min (13.4 miles)<\/td>\n<\/tr>\n
Overland Park, KS<\/td>\n$444,200<\/td>\n18-28 min (11.7 miles)<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Home value averages of multiple public transaction sites<\/em><\/p>\n

Typical travel times 8 a.m. midweek<\/em><\/p>\n

In the next section, we\u2019ll guide you through how to estimate the current value of your Kansas City-area home.<\/p>\n","protected":false},"excerpt":{"rendered":"

Get insights on home values in Kansas City, Missouri, learn how to estimate your home’s worth, and explore tips to boost its value.<\/p>\n","protected":false},"author":363,"featured_media":47620,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"cybocfi_hide_featured_image":"","footnotes":""},"categories":[320,330],"tags":[],"class_list":["post-47612","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-add-value","category-house-value"],"acf":[],"yoast_head":"\nHome Values in Kansas City: A Comprehensive Guide<\/title>\n<meta name=\"description\" content=\"Get insights on home values in Kansas City, Missouri, learn how to estimate your home's worth, and explore tips to boost its value.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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