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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 & Real Estate
Housing market overview · Updated monthly ·
$430,000median sale price
How is the Lee's Summit, MO housing market right now?
The median home sale price in Lee's Summit, MO is $430,000, up 1.2% year-over-year. Homes sell in an average of 18 days. The market is currently a seller's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Lee's Summit a buyer's or seller's market?
Lee's Summit, MO is currently a seller's market, based on 1.5 months of supply and homes selling in about 18 days. How we determine this →
Homes sold
169
Last 12 weeks
Days on market
18
Fast-moving
Active listings
—
1.5 months supply
Sale-to-list
—
Below asking
What does the Lee's Summit housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $430,000 |
| Median list price | $424,000 |
| Year-over-year price change | +1.2% |
| Average days on market | 18 days |
| Months of supply | 1.5 months |
| Median price per sq ft | $181/sq ft |
| Homes sold (latest month) | 169 |
| New listings (latest month) | 195 |
| Listings with a price cut | 33.3% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Lee's Summit by property type?
How the Lee's Summit, MO market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $455,500 | $183/sq ft | 146 | 16 days |
| Condo / Co-op | $217,500 | $162/sq ft | 5 | 35 days |
| Townhouse | $370,000 | $166/sq ft | 15 | 28 days |
Source: Redfin · Updated monthly
The Lee's Summit housing market is currently classified as a seller's market with a median sale price of $430,000. Prices have risen 1.2% compared to last year, with homes spending an average of 18 days on market, indicating 1.5 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.
Homes for sale in Lee's Summit
Explore homes currently listed for sale in Lee's Summit, Missouri across major real estate platforms.
What are homes worth in Lee's Summit?
Zillow home value
$398,656
Zillow rent index
$1,632/mo
Price-to-rent ratio
20.4x
Source: Zillow Research
Which cities are near Lee's Summit, MO?
Want a head-to-head view? Compare Lee's Summit side-by-side with any other U.S. city using our market-comparison tool.
Is Lee's Summit a good real estate investment market?
For investors evaluating Lee's Summit, the price-to-rent ratio of 20.4x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has appreciated 1.2% year-over-year, reflecting ongoing demand and value growth.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Lee's Summit's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Lee's Summit's median home price.
Frequently asked questions
What is the average home price in Lee's Summit?
The median home sale price in Lee's Summit is $430,000, up 1.2% from last year.
How long do homes stay on market in Lee's Summit?
Homes typically spend 18 days on market before going under contract.
Is Lee's Summit a buyer's or seller's market?
With 1.5 months of supply, Lee's Summit is currently a seller's market.
What is the Zillow home value estimate for Lee's Summit?
The Zillow Home Value Index (ZHVI) for Lee's Summit is $398,656, representing the typical home value in the area.
What is the median condo price in Lee's Summit?
The median condo/co-op sale price in Lee's Summit, MO is $217,500, compared to $455,500 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Lee's Summit?
The median single-family home price in Lee's Summit, MO is $455,500 (about $183 per square foot).
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