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Short Sale Listings in Lees Summit, MO

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Living in Lees Summit, MO

Lee's Summit, MO, is a lively suburban city with a strong sense of community and a plethora of amenities. Known for its excellent schools and outdoor activities, it serves as a perfect place for families and investors alike. The area features a blend of historical charm and modern development, offering a solid market for real estate investment.

Current Market Conditions in Lees Summit, MO

The real estate market in Lee's Summit is currently experiencing steady growth, with an increase in both home sales and property values over the past few years. The demand for housing remains high due to the area's strong local economy and attractive living conditions.

Investors can benefit from a favorable market environment, as new developments are being planned to accommodate the increasing population, further enhancing the area's desirability.

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 $366,356.00. 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 $398,197.00, 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.

Lees Summit, MO Short Sale Listings

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