If you own a home in Kansas City, Lee’s Summit, or Raymore, there’s a good chance your biggest investment is worth way more than you think. Home prices have shot up over the past five years - not just a little, but by a whole lot.
That’s great news if you’ve been thinking about selling (or even if you’re just curious). So, how much has your home actually appreciated? Let’s talk numbers - and spoiler: you might want to sit down for this.
The Numbers Don’t Lie — Home Prices Have Skyrocketed
Here’s the deal: Historically, home prices tick up at a nice, steady pace — around 2-5% per year. But the past five years? They’ve been anything but normal.
Between 2020 and 2022, prices didn’t just rise — they exploded, sometimes jumping more than 20% in a single year. Why? There were way more buyers than homes, rock-bottom interest rates (remember those?), and a pandemic that made everyone rethink their living situation.
Even though things have cooled off a bit since then, home prices are still way higher than they were before all this craziness started.
Missouri’s Home Price Surge — What It Means for You
According to the latest data from FHFA, home prices across Missouri jumped 55.9% in the past five years. For context, the national average is 57.1%, so Missouri is right in line with the overall trend.
In other words — if you bought your house in 2019 or earlier, you could be sitting on a huge pile of equity.
And if you’ve owned your home for longer than that? Even better. You get to stack this recent price boom on top of the regular, steady appreciation your house has gained over the years.
What This Means for Sellers in KC, Lee’s Summit, and Raymore
If you’ve been holding off on selling because today’s interest rates make you nervous, your home equity could be the key to making your next move more affordable. That equity can be used as a bigger down payment, which helps get you into the next house with less financial stress.
Plus, local demand is still strong, especially in Raymore, Lee’s Summit, and Kansas City where buyers are actively looking for homes in great neighborhoods like yours.
Want the Real Number? Here’s How to Find Out
Statewide data (like the map above) is a great starting point, but real estate is hyper-local. Your neighborhood, your home’s condition, and any upgrades you’ve made all play a big role in what your house is actually worth today.
That’s where working with an exceptional local agent who knows Kansas City, Lee’s Summit, and Raymore inside and out comes in clutch. When working with clients, I pull recent sales, look at market trends, and factor in those personal touches that make your house stand out.
Looking for a rough idea of your home value?
Bottom Line
Your home is probably worth way more than you think — and that’s not just hype. Are you curious about what your actual number looks like? Let’s talk. Text or call me at 816-328-2887 for a free, personalized home valuation. Whether you’re thinking about selling soon or just want to know where you stand, this information is essential for every homeowner.
Hi! I'm Merla Turner, owner of Great Missouri Homes and a local Kansas City area Realtor. Thank you for reading this article. If you have any questions, suggestions, or ideas, call me at 816-328-2887 or fill out the contact form below, I am here for you. And remember - when it's your turn to buy or sell real estate, turn to Merla Turner!
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