October 2025 Residential Market Update Highlights for the Kansas City Region

The October market was more fun surprises than scary ones

October brought a confident, steady finish to the heart of fall. Inventory loosened versus last year, buyers kept writing offers, and prices notched a fresh annual high without signs of strain.

Prices: New High, Faster YoY Pace

• Median resale price: $314,150

• Year-over-year: +6.5%

Price growth re-accelerated from September’s +2.7% to +6.5% YoY, pushing the median into the low-$300s and underscoring durable demand for well-prepared homes. For only the third time since 1997 the October median sales price was higher than the September median. One thought on this is the lower end buyer was more worried about the government shutdown and paused their buying while high net worth individuals felt less impacted and continued their purchases.

New Listings: More Choice, Still Measured

• New listings: 3,822

• Year-over-year: +4.97%

Sellers continued to come to market at a healthy but not excessive pace—enough to improve selection without tipping conditions toward oversupply.

Demand: Pendings and Closings in Near Lockstep

• Contracts written (Pendings): 2,936 (+4.52% YoY)

• Closings: 2,938 (+3.69% YoY)

Pendings and closings were essentially even (closings led by two transactions), signaling a stable pipeline into late Q4 rather than a growing backlog or sudden fade.

What This Means for You

Sellers

• You retain measured pricing power, earned through preparation. Focus on turnkey presentation (repairs, staging, pro photography) and accurate pricing to today’s comps—well-positioned homes are achieving strong outcomes.

Buyers

• Selection is better than last year, but the best listings still move quickly. Get fully underwritten and tighten terms where you can; being offer-ready wins you time and leverage.

Everyone

• With modestly higher supply and steady demand, KC remains balanced heading into the holidays. Any dip in borrowing costs can create brief affordability windows—have your plan ready so you can act when the right home appears.