The Average Sale Price for a home in all of Heartland Multiple Listing Service (HMLS) Area in June 2015 was $212,798. The Kansas City MLS covers more than 5,000 square miles in 19 counties and 2 states so let's break that down into more meaningful numbers.
JACKSON COUNTY, MO Population 683,191
The Average Sale Price for a home in Jackson County, on the Missouri side, was $171,963.
Sales Price is UP 15.5% from June 2014.
Inventory (the number of homes available for sale) is DOWN 20%.
We have about a 4 month inventory of homes for sale now. Less than 6 months supply is indicative of a Seller's market.
JOHNSON COUNTY, KS Population 574,272
The Average Sale Price for a home in Johnson County, on the Kansas side, was $293,598.
Sales Price is UP 5% from June 2014.
Inventory is DOWN 20%.
We have about a 2 - 3 month inventory of homes for sale in Johnson County now. Less than 6 months supply is indicative of a Seller's market.
Jackson County, MO and Johnson County, KS are the 2 most densely populated counties in the Kansas City Area. Data from these counties give us a good general idea of property values and is a good starting point when first learning about home values before selling or buying a home.
Other counties in and around the Kansas City area:
CLAY COUNTY, MO Population 233,682
Average Sales Price = $180,053. Up 3% from June 2014.
PLATTE COUNTY, MO Population 94,788
Average Sales Price = $237,008. Up 2% from June 2014.
CASS COUNTY, MO Population 100,889
Average Sale Price = $183,216. Up 14%.
WYANDOTTE COUNTY, KS Population 161,636
Average Sales Price = $106,688. Up 15% from June 2014.
ATCHISON COUNTY, KS Population 16,513
Average Sale Price = $114,417. Up 18%.
DOUGLAS COUNTY, KS Population 116,585
Average Sale Price = $173,530. Up 0.3%.
FRANKLIN COUNTY, KS Population 25,611
Average Sale Price = $122,950. Up 12%.
JEFFERSON COUNTY, KS Population 18,855
Average Sale Price = $156,966. Up 56%.
LEAVENWORTH COUNTY, KS Population 78,797
Average Sale Price = $177,948. Up 10%.
LINN COUNTY, KS Population 9,502
Average Sale Price = $99,268. Down 14%.
MIAMI COUNTY, KS Population 32,822
Average Sale Price = $192,046. Up 20%.
BATES COUNTY, MO Population 16,584
Average Sale Price = $115,719. Up 19%.
BUCHANON COUNTY, MO Population 89,486
Average Sale Price = $141,979. Up 8%.
RAY COUNTY, MO Population 22,949
Average Sales Price = $129,960. Up 15%.
CLINTON COUNTY, MO Population 20,299
Average Sale Price = $133,793. Up 8%.
JOHNSON COUNTY, MO Population 54,362
Average Sale Price = $143,533. Up 0.2%.
LAFAYETTE COUNTY, MO Population 32,688
Average Sale Price = $113,939. Up 0.4%
There are numerous subdivisions and neighborhoods within each county. Before listing your home for sale, we need to drill down through the county, zip code, and subdivision data. Once we have the general numbers for your area, we can begin looking at nuances such as the specific location within the subdivision, nearby amenities, recent trends, and the condition of the home.
Some homes will not fit neatly into the usual parameters when finding comparable properties. Historic homes, horse properties, earth homes, some luxury properties, and other rarities will impact the way we go about finding the right comparables when pricing a home for sale.
Population counts obtained from US Census Bureau data.
MO Population 2014 estimate: 6,063,589. Kansas City: 467,007.
KS Population estimate: 2,904,021. Overland Park: 181,260.
Including the population counts from all suburb cities within the larger Kansas City Metropolitan Area brings the total population count to around 2 million.
When determining your home's value, please seek assistance from a professional who can accurately collate and interpret all of the relevant data.