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.

Engel & Völkers Kansas City

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