Housing Prices in Lee's Summit, MO
How much do homes in Lee's Summit, MO cost?
Median List Price
$409,755
$174/sqft
Based on all homes listed in the last 12 months.
Difference Since April 2023
Key Takeaway
The list price of homes in Lee's Summit has increased by 4.3% since last year.
Summary: The median home list price in Lee's Summit was $409,755 in April 2024, up 4.3% from the previous year, and the median price per square foot was $174.
Median List Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $184.5K | $160K | -13.3% |
| 2 Bedrooms | $200K | $250K | +25.0% |
| 3 Bedrooms | $299.9K | $318.7K | +6.3% |
| 4 Bedrooms | $460.2K | $475K | +3.2% |
| 5+ Bedrooms | $581.2K | $577.6K | -0.6% |
Summary: Lee's Summit housing prices by bedroom type for April 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 6.3%, 4 bedroom homes increased by 3.2%, and 5+ bedroom homes decreased by 0.6%.
Median List Price Compared To Nearby Cities
| Greenwood | $315K | $375K | +19.0% |
| Lee's Summit | $392.8K | $409.7K | +4.3% |
| Prairie Township | $379.9K | $394.9K | +4.0% |
| Lake Lotawana | $495.4K | $450K | -9.2% |
Housing Supply in Lee's Summit, MO
How many homes are available in Lee's Summit, MO?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 555 | 595 | +7.2% |
Summary: The Lee's Summit real estate market had 595 homes for sale in April 2024, a 7.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 47 | 44 | -6.4% |
| 3 Bedrooms | 182 | 198 | +8.8% |
| 4 Bedrooms | 245 | 262 | +6.9% |
| 5+ Bedrooms | 81 | 91 | +12.3% |
Summary: The Lee's Summit housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 6.4%, 3 bedroom homes increased by 8.8%, 4 bedroom homes increased by 6.9%, and 5+ bedroom homes increased by 12.3%.
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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 173 Days | 107 Days | -38.1% |
Summary: Homes in Lee's Summit had an average listing age of 107 days in Apr 2024, down by 38.1% compared to the previous year.
Listings courtesy of Heartland Multiple Listing Service Inc. as distributed by MLS GRID.