Housing Prices in Lee's Summit, MO
How much do homes in Lee's Summit, MO cost?
Median List Price
$410,834
$174/sqft
Based on all homes listed in the last 12 months.
Difference Since March 2023
Key Takeaway
The list price of homes in Lee's Summit has increased by 6.3% since last year.
Summary: The median home list price in Lee's Summit was $410,834 in March 2024, up 6.3% from the previous year, and the median price per square foot was $174.
Median List Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $184.5K | $160K | -13.3% |
| 2 Bedrooms | $200K | $250K | +25.0% |
| 3 Bedrooms | $299.9K | $315K | +5.0% |
| 4 Bedrooms | $459.7K | $475K | +3.3% |
| 5+ Bedrooms | $575.7K | $585K | +1.6% |
Summary: Lee's Summit housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 13.3%, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 5%, 4 bedroom homes increased by 3.3%, and 5+ bedroom homes increased by 1.6%.
Median List Price Compared To Nearby Cities
| Greenwood | $305.2K | $375K | +22.9% |
| Lee's Summit | $386.4K | $410.8K | +6.3% |
| Prairie Township | $375K | $395.3K | +5.4% |
| Lake Lotawana | $524.5K | $450K | -14.2% |
Housing Supply in Lee's Summit, MO
How many homes are available in Lee's Summit, MO?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 490 | 578 | +18.0% |
Summary: The Lee's Summit real estate market had 578 homes for sale in March 2024, a 18.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 44 | 47 | +6.8% |
| 3 Bedrooms | 154 | 188 | +22.1% |
| 4 Bedrooms | 218 | 258 | +18.3% |
| 5+ Bedrooms | 74 | 85 | +14.9% |
Summary: The Lee's Summit housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 6.8%, 3 bedroom homes increased by 22.1%, 4 bedroom homes increased by 18.3%, and 5+ bedroom homes increased by 14.9%.
Days on Market for Lee's Summit, MO
How long does it take to sell a home in Lee's Summit, MO?
Average Listing Age
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 186 Days | 128 Days | -31.1% |
Summary: Homes in Lee's Summit had an average listing age of 128 days in Mar 2024, down by 31.1% compared to the previous year.
Listings courtesy of Heartland Multiple Listing Service Inc. as distributed by MLS GRID.