10/12/2025
September 2025 Residential Market Update Highlights for the Kansas City Region
Fall Momentum
As football kicks off and the leaves start to turn, Kansas City’s housing market is leaning into a steady, confidence-building rhythm. Inventory continues to loosen, buyers remain engaged, and prices are behaving like they usually do heading into fall. Here’s what moved—and what didn’t—in September.
Prices: YoY Growth Keeps the Streak Alive
Year-over-year change in September: +2.7%
The rolling trend shows 13 straight months of positive YoY price gains across the metro.
Recent readings on the broader trend put the median resale price near the low-$300s (latest point lands at $305,000), consistent with seasonal normalization rather than a reversal.
New Listings: Supply Improving, Not Surging
September new listings: 3,886
YoY change: +5.74%
September extended the pattern we’ve seen most of the year: more homes hitting the market than last year, adding breathing room for buyers without tipping conditions into oversupply.
Demand: Contracts Outpacing Closings (Again)
Contracts written (Pending), September: 2,938 (+9.50% YoY)
Closings, September: 2,961 (+13.54% YoY)
Contracts remained strong—continuing a late-summer run—while closings finally showed a meaningful pop. That gap we’ve been watching (strong pendings that take a few weeks to show up as closings) tightened in September, and it positions Q4 to hold up better than many expected.
What It Means for Buyers & Sellers
Sellers: Pricing power still favors you, but it’s measured—think clean presentation, smart prep, and accurate pricing instead of stretch numbers.
Buyers: Slightly better selection plus seasonality equals real opportunity. Be ready to move; competitively priced homes still draw attention quickly.
Everyone: With rates bouncing in the mid-6% range lately, affordability improves on any dip. A steady macro backdrop could keep fall activity resilient.
Rob Hodgkinson
"From Hearth to Heart: Real Estate with a Personal Touch"
[email protected]
