Lees Summit, MO Foreclosures
How much do homes sell for in Lees Summit, MO?
The average home price is currently $403,731.
In Lees Summit, MO, how many homes are available?
There are currently 147 active home listings available in Lees Summit.
What’s the average rental cost in Lees Summit, MO?
The average rental price in Lees Summit is $1,540.
What is the most expensive home in Lees Summit?
The most expensive home sold in Lees Summit had a price of $5,269,600.
What is currently the cheapest priced home in Lees Summit, MO?
The cheapest home for sale in Lees Summit is priced at $15,498.
Living in Lees Summit, MO
Lee's Summit, MO, is a thriving suburban city within the Kansas City metro area, recognized for its excellent schools, beautiful parks, and vibrant community. With a plethora of recreational activities and urban amenities, it offers a balanced lifestyle for residents of all ages. The city's rich local history and strong community engagement make it a welcoming place to call home.
Current Market Conditions in Lees Summit, MO
The real estate market in Lee's Summit is currently characterized by a seller's market, with low inventory levels creating competitive bidding situations for available homes. Home prices have steadily increased over the past year, reflecting the area's growing popularity among buyers seeking quality housing in a suburban setting.Current trends indicate that homes, especially family-sized properties, are in high demand, leading to quicker sales and multiple offers on listings.
Despite rising prices, Lee's Summit remains an attractive option for prospective buyers due to its family-friendly environment, established neighborhoods, and convenient access to Kansas City. The ongoing development of new properties and amenities also suggests continued growth in the market.
Home Value Estimator For Lees Summit, MO
There are currently 31,821 real estate properties
in Lees Summit, MO,
with a median automated valuation model (AVM) price
of $368,533.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Lees Summit, MO, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Lees Summit, MO,
is $403,731.00, with the most expensive house
in Lees Summit, MO, topping out
at $5,269,600.00 and the cheapest home
in Lees Summit, MO,
clocking in at $15,498.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Lees Summit, MO!
Rent Prices
In Lees Summit, MO
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Lees Summit, MO, is on
a rollercoaster ride. The
average rent price in Lees Summit, MO,
is $1,540.00. Indeed, when looking to rent in
Lees Summit, MO, you can expect to pay as little
as $770.00 or as much
as $2,620.00,
with the average rent median estimated to
be $1,520.00. The good news is that finding
an affordable and desirable property to rent in Lees Summit, MO
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
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