Is Kansas City, MO 64116 a buyer’s or seller’s market?
Kansas City is a seller’s market. With about 1.7 months of supply and 41% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
More competitive than 86% of U.S. ZIP codes, and #56 of 263 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The Kansas City housing market right now
In the three months ending August 31, 2026, 41% of homes in Kansas City, MO 64116 sold above their list price, the typical home went under contract in 25 days and there were 1.7 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 72 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 38%, homes sold more slowly (6 days then) and the median sale price rose 1% to $280,129. Overall, Kansas City is about as competitive as it was a year ago.
Within Clay County, homes here sell more slowly than in 93% of the county’s ZIP codes, and sell more often over asking than in 73%. On our competition score, Kansas City ranks #56 of 263 MO ZIP codes with enough sales (score 80 out of 100).
Nearby, buyers who want less competition could look at Missouri City 64072 (0% sold over asking) or Holt 64048 (23% sold over asking), while Kansas City 64161 (100% sold over asking) and Kansas City 64118 (44% sold over asking) are even more competitive.
Run the numbers for 64116
Nearby markets
Excelsior Springs 64024Seller’s market $177 /sq ftHolt 64048Seller’s market $255 /sq ftKansas City 64117Seller’s market $164 /sq ftKansas City 64118Seller’s market $177 /sq ft Browse all markets →Towns like Kansas City nearby
Find towns like Kansas City in other states →Where Kansas City is
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Questions about Kansas City real estate
Is Kansas City a buyer’s or seller’s market?
A seller’s market: there were 1.7 months of supply in Kansas City, MO 64116 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Kansas City?
The typical home went under contract in 25 days in the latest three months.
Do homes in Kansas City sell over asking?
41% of homes sold above their original list price, and the typical sale closed at 100.4% of the list price.
What are property taxes in Kansas City?
About 1.07% of a home’s value a year in Clay County, or roughly $4,280 on a $400,000 home.
What is the median home price in Kansas City?
The median sale price was $280,129 in the three months ending August 31, 2026, about $194 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology