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

+$24,350(+6.3%)

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

# BEDSMar 2023Mar 2024CHANGE
1 $184.5K$160K
-13.3%
2 $200K$250K
+25.0%
3 $299.9K$315K
+5.0%
4 $459.7K$475K
+3.3%
5+ $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
+22.9%
Lee's Summit
+6.3%
Prairie Township
+5.4%
Lake Lotawana
-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 2024Mar 2024CHANGE
490578+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

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 4447
+6.8%
3 154188
+22.1%
4 218258
+18.3%
5+ 7485
+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 2023Mar 2024CHANGE
186 Days128 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 20 Days Ago

Newest Listings in Lee's Summit, MO

Nearby Markets to Lee's Summit, MO

What housing markets are near Lee's Summit, MO?