Kansas City Real Estate Market Update – What Home Sellers Need to Know in 2025

As we move into 2025, Kansas City homeowners are facing a pivotal year in real estate. If you’re considering selling, understanding current market trends is essential to making informed decisions and maximizing your home’s value. Here’s what you need to know about Kansas City’s real estate landscape in the coming year.

A Look Back at 2024

The Kansas City housing market experienced significant growth in 2024:

• Existing home sales surged by 13.9%.
• New home sales skyrocketed by 29.2%.
• Median prices for existing homes rose by 10.3% to $290,000.
• New home prices saw a slight decline of 0.8%, settling at $500,000.

With strong demand and competitive pricing, 2024 set the stage for an exciting 2025. Now, let’s look at what’s ahead.

Mortgage Rates and Buyer Demand in 2025

Experts predict that mortgage rates will stabilize in the 6% to 7% range, with the potential for slight declines. This is promising news for both buyers and sellers:

• Buyers will have more purchasing power, creating a more competitive environment.
• Sellers will benefit from increased demand, leading to faster sales and potentially higher offers.

Kansas City Inventory Trends

Kansas City’s housing inventory is expected to play a significant role in shaping the market:

• Existing home inventory increased by 15.2% in 2024, providing buyers with more options. This trend is expected to continue, but demand will still likely outpace supply in many neighborhoods, keeping competition strong.
• New home inventory dropped by 17.8% last year and is not expected to recover quickly. This means fewer new builds are available, making existing homes more desirable to buyers.

Homes Are Selling Fast

Kansas City homes continued to move quickly in 2024:

• Existing homes spent an average of just 39 days on the market, a slight increase but still a quick turnaround.
• New homes sold even faster, with an average market time of 108 days, down 23.9% from the previous year.

What This Means for Sellers in 2025

If you’re thinking about selling, the best time to list may be early in the year before the market shifts. With mortgage rates stabilizing and buyer demand remaining strong, competition for well-priced, move-in-ready homes will be fierce. To maximize your home’s potential:

• Ensure your home is market-ready with necessary updates and staging.
• Price it competitively to attract serious buyers.
• Work with a trusted real estate team to navigate the fast-moving market.

Partner with Kansas City’s Top Real Estate Team

At Nelson Home Group, we are committed to keeping you informed and confident in every real estate decision. With nearly 900 five-star Google reviews, our expertise and dedication make us the highest-rated real estate team in Kansas City.

Thinking about selling? Now is the time to take advantage of this market. Contact us today to start your journey toward a successful home sale in 2025!