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Featured local agent — Platte City, MO
Sarah Mitchell
Compass Real Estate · Platte City, MO
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Platte City, MO Housing Market & Real Estate
Housing market overview · Updated monthly ·
$400,450median sale price
How is the Platte City, MO housing market right now?
The median home sale price in Platte City, MO is $400,450, down 6.4% year-over-year. Homes sell in an average of 5 days. The market is currently a strong 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 Platte City a buyer's or seller's market?
Platte City, MO is currently a strong seller's market, based on 1.6 months of supply and homes selling in about 5 days. How we determine this →
Homes sold
8
Last 12 weeks
Days on market
5
Fast-moving
Active listings
—
1.6 months supply
Sale-to-list
—
Below asking
What does the Platte City housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $400,450 |
| Median list price | $370,000 |
| Year-over-year price change | -6.4% |
| Average days on market | 5 days |
| Months of supply | 1.6 months |
| Median price per sq ft | $168/sq ft |
| Homes sold (latest month) | 8 |
| New listings (latest month) | 4 |
| Listings with a price cut | 30.8% |
| Market condition | Strong seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Platte City by property type?
How the Platte City, 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 | $400,450 | $168/sq ft | 8 | 5 days |
| Townhouse | $230,000 | $165/sq ft | 1 | 7 days |
Source: Redfin · Updated monthly
The Platte City housing market is currently classified as a strong seller's market with a median sale price of $400,450. Prices have fallen 6.4% compared to last year, with homes spending an average of 5 days on market, indicating 1.6 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 6.3x provides context for how home values compare to local earning capacity.
Homes for sale in Platte City
Explore homes currently listed for sale in Platte City, Missouri across major real estate platforms.
Who lives in Platte City?
Population
4,793
Median income
$65,132/yr
Median age
38.1 years
Owner-occupied
46.2%
College grads
23.2%
Avg commute
22.5 min
Source: U.S. Census Bureau ACS
What are homes worth in Platte City?
Zillow home value
$407,557
Zillow rent index
$1,943/mo
Price-to-rent ratio
17.5x
Price-to-income
6.3x
Source: Zillow Research
What is it like to live in Platte City?
Platte City is a community of approximately 5K residents with a median age of 38.1 years.The median household income is $65,132, which represents a working-class community with solid middle-income opportunities. 23.2% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 46.2%, showing a blend of owner and renter-occupied properties. The average commute time is 22.5 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Platte City offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Platte City?
5 schools tracked · 3,144 students
The largest public schools serving Platte City, 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.
PLATTE COUNTY HIGH
Grades 9-12 · 1,336 students
PLATTE CITY MIDDLE
Grades 6-8 · 669 students
DONALD D. SIEGRIST ELEM.
Grades PK-5 · 607 students
COMPASS ELEMENTARY
Grades PK-5 · 532 students
NORTHLAND CAREER CTR.
Grades 9-12
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 Platte City, MO?
Want a head-to-head view? Compare Platte City side-by-side with any other U.S. city using our market-comparison tool.
Is Platte City a good real estate investment market?
For investors evaluating Platte City, the price-to-rent ratio of 17.5x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has softened 6.4% year-over-year, potentially creating entry opportunities for strategic buyers.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Platte City's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Platte City's median home price.
Frequently asked questions
What is the average home price in Platte City?
The median home sale price in Platte City is $400,450, down 6.4% from last year.
How long do homes stay on market in Platte City?
Homes typically spend 5 days on market before going under contract.
What is the median income in Platte City?
The median household income is $65,132 per year.
Is Platte City a buyer's or seller's market?
With 1.6 months of supply, Platte City is currently a strong seller's market.
What is the Zillow home value estimate for Platte City?
The Zillow Home Value Index (ZHVI) for Platte City is $407,557, representing the typical home value in the area.
How much does a single-family home cost in Platte City?
The median single-family home price in Platte City, MO is $400,450 (about $168 per square foot).
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