Housing Prices in Lee's Summit, MO
How much do homes in Lee's Summit, MO cost?
Median List Price
$408,748
$173/sqft
Based on all homes listed in the last 12 months.
Difference Since May 2023
Key Takeaway
The list price of homes in Lee's Summit has increased by 2.9% since last year.
Summary: The median home list price in Lee's Summit was $408,748 in May 2024, up 2.9% from the previous year, and the median price per square foot was $173.
Median List Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $184.5K | $160K | -13.3% |
| 2 Bedrooms | $210K | $250K | +19.0% |
| 3 Bedrooms | $299.9K | $323.7K | +7.9% |
| 4 Bedrooms | $459.9K | $475K | +3.3% |
| 5+ Bedrooms | $584.4K | $575K | -1.6% |
Summary: Lee's Summit housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 13.3%, 2 bedroom homes increased by 19%, 3 bedroom homes increased by 7.9%, 4 bedroom homes increased by 3.3%, and 5+ bedroom homes decreased by 1.6%.
Median List Price Compared To Nearby Cities
| Greenwood | $324.9K | $379K | +16.7% |
| Lee's Summit | $397.2K | $408.7K | +2.9% |
| Prairie Township | $383.7K | $394.8K | +2.9% |
| Lake Lotawana | $495.4K | $472K | -4.7% |
Housing Supply in Lee's Summit, MO
How many homes are available in Lee's Summit, MO?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 586 | 678 | +15.7% |
Summary: The Lee's Summit real estate market had 678 homes for sale in May 2024, a 15.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 41 | 54 | +31.7% |
| 3 Bedrooms | 202 | 229 | +13.4% |
| 4 Bedrooms | 252 | 287 | +13.9% |
| 5+ Bedrooms | 91 | 108 | +18.7% |
Summary: The Lee's Summit housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 31.7%, 3 bedroom homes increased by 13.4%, 4 bedroom homes increased by 13.9%, and 5+ bedroom homes increased by 18.7%.
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
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 164 Days | 97 Days | -40.7% |
Summary: Homes in Lee's Summit had an average listing age of 97 days in May 2024, down by 40.7% compared to the previous year.
Listings courtesy of Heartland Multiple Listing Service Inc. as distributed by MLS GRID.