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Featured local agent — Lee's Summit, MO
Sarah Mitchell
Compass Real Estate · Lee's Summit, MO
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Lee's Summit, MO Housing Market
The last median sale price Redfin published was $399,900, +8.5% year over year (through May 2026). With 2.1 months of supply and homes going under contract in about 46 days, Lee's Summit is a seller's market. At today's 7.03% 30-year fixed rate, 20% down on a $399,900 home is about $2,135/mo in principal and interest.
Key numbers for Lee's Summit, MO
Median sale price
$399,900
+8.5% year over year
Redfin, through February 2026
Days on market
46
Average pace
Redfin, through February 2026
30-yr fixed rate
7.03%
Freddie Mac weekly average
Freddie Mac via FRED, September 2026
Median household income
$104,989
Home costs 3.8x income
U.S. Census ACS, 2023
Zillow figures refresh monthly. Redfin figures are through May 2026 — Redfin stopped publishing its public market trackers in June 2026, so those numbers are final, not current. Mortgage rates come from Freddie Mac via FRED and update weekly.
Is Lee's Summit a buyer's or seller's market?
Lee's Summit, MO is a seller's market, based on 2.1 months of supply and homes selling in about 46 days. Under 4 months of supply tilts the market toward sellers: homes clear faster than they are replaced, so concessions are scarce.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Lee's Summit housing market data show?
Every row below is Redfin's final published month for Lee's Summit, MO. Redfin, through February 2026
| Metric | Value |
|---|---|
| Median sale price | $399,900 |
| Median list price | $415,000 |
| Year-over-year price change | +8.5% |
| Median price per sq ft | $163/sq ft |
| Median days on market | 46 days |
| Months of supply | 2.1 months |
| Homes sold (that month) | 105 |
| New listings (that month) | 127 |
| Listings with a price cut | 23.3% |
| Market condition | Seller's market |
How to read these numbers
- Median sale price
- Half the homes that closed sold for more than this, half for less. It moves with what kind of home sold that month, so a quiet month with two big sales can swing it. Redfin's figure for Lee's Summit is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Lee's Summit is worth right now, whether or not it sold. It is smoother than the median sale price and it still refreshes monthly, which is why this page leads with it.
- Months of supply
- How long it would take to sell every active listing at the current pace. Under 3 favors sellers, over 6 favors buyers, and 3 to 6 is the balanced band.
- Days on market
- Median time from listing to accepted offer. Short means you should have financing ready before you tour; long means there is room to negotiate on price and repairs.
- Sale-to-list ratio
- Sale price divided by the last asking price. Above 100% means bidding above asking is normal here; below 100% means the typical buyer got a discount.
- Price per square foot
- The size-adjusted price. Use it to compare a 1,400 sq ft house to a 2,600 sq ft house, not to value your own home — lot, condition and age move it a lot.
- Listings with a price cut
- Share of active listings that dropped their asking price in the month. A high share is the earliest visible sign that sellers are ahead of what buyers will pay.
- Typical asking rent (ZORI)
- Zillow's repeat-rent index for asking rents on new leases. Paired with the home value it gives the price-to-rent ratio in the rent-vs-buy section below.
How have Lee's Summit home prices moved?
Over the last three years the median sale price in Lee's Summit, MO rose 14.3%, from $350,000 to $399,900. 23.3% of Lee's Summit listings cut their asking price in the final Redfin month — a modest share, which is what a market looks like when sellers are pricing close to where homes actually clear.
Redfin, through February 2026 — the chart ends at Redfin's final published month.
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What does it cost to buy a home in Lee's Summit?
Priced off the median sale price of $399,900 at the current 7.03% 30-year fixed rate. These are principal and interest only — property taxes, homeowner's insurance, HOA dues and mortgage insurance are on top, and they vary enough by property that we will not guess them for you.
| Down payment | Cash at close | Loan amount | Monthly P&I |
|---|---|---|---|
| 20% | $79,980 | $319,920 | $2,135/mo |
| 5% | $19,995 | $379,905 | $2,535/mo |
Redfin, through February 2026 for the price · Freddie Mac via FRED, September 2026 for the rate
What income do you need?
Lenders generally want housing costs under 28% of gross income. On the 20%-down payment of $2,135, that implies roughly $91,495 a year before you add taxes and insurance. The median household in Lee's Summit earns $104,989, about $13,494 more than that threshold — the typical local household clears the payment on a typical local home with 20% down. That puts the price-to-income ratio at 3.8x — above the historical 3x norm but in line with much of the country in 2026.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Lee's Summit in the next 12 months?
Tell us your timeline. We send the Lee's Summit market brief: the price ranges that actually clear, how long homes sit, and what to fix on your credit before you apply.
Is it cheaper to rent or buy in Lee's Summit?
Zillow does not publish a rent index (ZORI) for Lee's Summit, MO, so we cannot compute a price-to-rent ratio here without borrowing a nearby market's rents and calling them local — which we will not do. The rent vs. buy calculator works with a rent figure you supply.
Is inventory rising or falling in Lee's Summit?
We hold fewer than two months of inventory readings for Lee's Summit, MO, so there is no trend to report yet.
How does Lee's Summit compare to Missouri and the U.S.?
Lee's Summit homes sell for $399,900 — 34% above the Missouri median of $297,500. Against the national median of $410,700, Lee's Summit runs 3% lower. Year-over-year, Lee's Summit moved +8.5% against Missouri's +4.6% — a bigger swing than the state as a whole.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Lee's Summit, MO | $399,900 | +8.5% | 46 days |
| Missouri statewide | $297,500 | +4.6% | 27 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through February 2026 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in Lee's Summit
What buyers should watch
- Months of supply, currently 2.1. It turns before price does — when it climbs past 6, sellers start taking offers they would have rejected a quarter earlier.
- The share of listings cutting price, currently 23.3%. A listing that has already cut once is the one most likely to accept below asking.
- The gap between 5% and 20% down here is $400 a month in principal and interest alone, before mortgage insurance. That gap, not the price, is usually what decides your timeline.
- Rate moves. At 7.03%, every full point of rate change moves the payment on a $399,900 home more than a 5% price change does.
- Your credit tier before you shop, not after — it sets the rate you are quoted. Run your numbers first.
What sellers should know
- The median Lee's Summit listing goes under contract in 46 days. If yours passes that mark, the market is telling you the price is wrong — not that you need more showings.
- In the last published month Lee's Summit added 127 new listings against 105 sales — more competition arriving than clearing, so early timing matters.
- Comparable ZIP-level pricing inside Lee's Summit varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Lee's Summit
Explore homes currently listed for sale in Lee's Summit, Missouri across major real estate platforms.
Who lives in Lee's Summit?
American Community Survey estimates for Lee's Summit. U.S. Census ACS, 2023
Population
102,583
Households
39,531
Median income
$104,989/yr
Median age
38.6 years
Owner-occupied
73.6%
Median home value
$313,200
Median gross rent
$1,382/mo
Mean commute
25.7 min
73.6% of occupied homes in Lee's Summit are owner-occupied, and the rest are rented — which is the share that decides how much of the local housing stock ever reaches the for-sale market.
Which public schools serve Lee's Summit?
30 schools tracked · 18,625 students
The largest public schools serving Lee's Summit, MO by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
LEE'S SUMMIT NORTH HIGH
Grades 9-12 · 1,998 students
LEE'S SUMMIT WEST HIGH
Grades 9-12 · 1,976 students
LEE'S SUMMIT SR. HIGH
Grades 9-12 · 1,960 students
BERNARD C. CAMPBELL MIDDLE
Grades 6-8 · 1,073 students
East Trails Middle School
Grades 6-8 · 1,042 students
SUMMIT LAKES MIDDLE
Grades 6-8 · 1,033 students
PLEASANT LEA MIDDLE
Grades 6-8 · 931 students
DELTA WOODS MIDDLE
Grades 6-8 · 808 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Lee's Summit, MO?
Ordered by distance from Lee's Summit, not by size. Compare Lee's Summit side by side with any of them.
Lee's Summit housing market FAQ
Is Lee's Summit a buyer's or seller's market?
Lee's Summit, MO is currently a seller's market. That read comes from 2.1 months of supply, homes going under contract in about 46 days in the last month Redfin published (May 2026).
How much do homes cost in Lee's Summit?
The median sale price in the last month Redfin published was $399,900, about $163 per square foot.
Is Lee's Summit cheaper than the rest of Missouri?
Lee's Summit's median sale price of $399,900 is 34% higher than the Missouri statewide median of $297,500, and 3% below the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Lee's Summit?
Homes in Lee's Summit, MO spent a median of 46 days on market before going under contract, versus 27 days statewide. That is a normal pace: enough time to see a home twice, not enough to wait a month. (Redfin, through May 2026.)
What income do you need to buy a home in Lee's Summit?
At the current 30-year fixed rate of 7.03%, 20% down on a $399,900 home is about $2,135 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $91,495 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $104,989.
Are home prices rising in Lee's Summit?
Redfin's last published year-over-year change for Lee's Summit, MO was +8.5%, measured through May 2026. That series is frozen; treat it as a historical reading rather than a current trend.
What are the cheapest ZIP codes in Lee's Summit?
Lee's Summit ZIP-level sale prices are not all published for the same period, so ranking them would compare different months. The ZIP pages listed on this page show what we hold for each one individually.
Is now a good time to buy in Lee's Summit?
That depends on your timeline, not on a headline. What the data says today: Lee's Summit, MO is a seller's market with 2.1 months of supply, the 30-year fixed rate is 7.03%. Properties Incorporated publishes the data; it does not give financial advice.
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One email: what homes are actually clearing at around $399,900, how long they sit, which ZIPs run cheaper, and what to fix on your credit before you apply.