November 2025 Residential Market Update Highlights for the Kansas City Region
- Kyle Niemann
- Dec 16
- 2 min read
Market Pulse: November 2025
As November wrapped and the holiday lights clicked on, Kansas City’s housing market eased into a steady late-fall tempo. Prices held higher than last year, new listings slowed seasonally, and buyers kept writing offers at a healthy clip. The result is a market that feels balanced, with measured leverage on both sides.
Prices: Higher than last year, slight pullback from October
Median resale price: $310,000
Year over year: +6.7%
Prices cooled a bit from October’s peak but remained firmly above last year. The low-$300s median continues to reflect solid demand for well-prepared homes.
New Listings: Seasonal step-down
New listings: 2,539
Year over year: +1.12%
Fewer sellers came to market compared to October, which is typical for November. Supply improved only modestly versus last year, keeping well-priced homes in focus.
Demand: Pendings solid, closings lighter
Contracts written (pendings): 2,441 (+7.06% YoY)
Closings: 2,374 (−8.66% YoY)
Pendings outperformed last year, signaling engaged buyers despite the season. Closings ran lighter, a function of timing and the smaller October pipeline, and should stabilize as current pendings work through.
What this means for you
Sellers
Pricing power is still there, but it is earned through accurate pricing and standout presentation.
With fewer new listings hitting the market, a clean, move-in-ready home can capture attention quickly.
Plan for serious but selective buyers. Make concessions strategic and tied to inspection findings or appraisal outcomes.
Buyers
Competition is calmer than mid-summer and selection is a touch better than last year.
Use this window to negotiate for repairs, credits, or closing-cost help on homes that have sat longer.
Have full underwriting in hand and be ready to act when the right property appears. Small rate dips can meaningfully change monthly payments.
Everyone
Kansas City remains fundamentally balanced as we head into December. If you are moving in the next few months, get your plan and paperwork set now so you can capitalize on opportunities that pop during the quieter holiday period.
Engel & Völkers Kansas City
Kyle Niemann
913-900-0001
913-530-7596
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