Are you trying to decide whether to buy or sell a house in Kansas City?
While location still reigns supreme, another factor to take into account is the popularity of your ZIP code. For example, more homes were sold in Olathe, Kan., last year than in Liberty, Mo. If you’re a potential buyer, this means you may have more competition if you want to put a contract on a home in Olathe. If you’re a seller, you may have more offers for your Olathe home because the area is highly sought after by buyers.
Because of low inventory, 2017 was a seller’s market in Kansas City. The Kansas City Regional Association of Realtors (KCRAR), which operates the Heartland Multiple Listing Service (MLS), reported that the average amount of time a home spent on the market in 2017 in the Kansas City metro was 54 days – about 14.3% less time than in 2016.
So far, 2018 is following last year’s lead. KCRAR told the Kansas City Business Journal that low inventory continues to be the biggest challenge in the KC area, but that’s not unique to Kansas City. It’s the same situation across the U.S. right now.
This knowledge, along with the information below from the KC Business Journal, will give sellers and their agents some helpful starting points when they go to sell a house in Kansas City.
Here’s a list of the top-10 ZIP codes in the Kansas City metro, including the number of homes sold in each area, average sales price and the primary cities in those ZIP codes:
#1: 66062, Olathe, KS – 1,556 homes sold, average price $275481
#2: 66061, Olathe, KS – 1,306 homes sold, average price $295,534
#3: 64119, Northland, MO – 760 homes sold, average price $169,059
#4: 64118, Northland, MO – 740 homes sold, average price $153,378
#5: 64157, Northland, MO – 672 homes sold, average price $278,988
#6: 64152, Parkville, MO – 635 homes sold, average price $311,987
#7: 64114, South Kansas City, MO – 635 homes sold, average price $187,609
#8: 64083, Raymore, MO – 633 homes sold, average price $245,920
#9: 64155, Northland, MO – 621 homes sold, average price $242,655
#10: 64068, Liberty/Gladstone, MO – 614 homes sold, average price $213,507
Whether you’re looking to buy or sell a home up North, down South or anywhere in between, your local team of real estate experts at Team RE, Kansas City real estate broker, can provide the best buying and selling experience in the KC metro! You can trust us to use our expertise and knowledge of the local market to determine when to sell a house in Kansas City for maximum profit, no matter which ZIP code you live in. With the shortage of homes for sale right now, sellers have the advantage! Visit us online or call Team RE today at 913.451.5711.