The story of this market
The typical home in Lee's Summit, Missouri sells for about $419,900, or $188 per square foot.
Prices are up +3.2% from a year ago, so sellers still have some momentum. Homes take about 35 days to sell. HUD's fair market rent for a two-bedroom is $1,850 a month.
Monthly price momentum
Home values since 2015
+3.7%
MO · past 12 months
Freddie Mac House Price Index, single-family homes, monthly through 2026-08. Each line starts at 100 in January 2015, so a reading of 180 means prices are up 80% since then.
Lee's Summit, Missouri
Lee's Summit's housing market remains robust, characterized by high demand and steady price appreciation driven by the city's strong economic fundamentals and top-rated schools. While inventory remains tight, the market is supported by a high-income demographic and consistent population growth. Current figures reflect a healthy, competitive environment for both buyers and sellers.
No ARED county foreclosure postings attributed to Lee's Summit yet — the verified ledger covers every county the foreclosure ingest has read, attributed by published city area. Key-figure check: median price corroborated by the published ten-year series (2024) (within 12.5%).
Median prices moved up 3.2% year over year.
Homes spend a median of 35 days on market with 2.9 months of supply — a fast-moving market.
15% of listings have cut prices · homes sell at 99.2% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.1% · poverty 5.7% — a stable, low-distress profile.
- Worlds of Fun4.219.3 mi
- Urban Air Trampoline and Adventure Park4.315.5 mi
- Dave & Buster's Overland Park4.315.4 mi
- KC Wheel4.516.4 mi
- The Rush Funplex422.2 mi
- Arrowhead Stadium4.711 mi
- Kauffman Stadium4.711.1 mi
- Worlds of Fun4.219.3 mi
- T-Mobile Center4.516.7 mi
- Johnson County Community College4.518.7 mi
- Kansas City Zoo & Aquarium4.610.3 mi
- The Nelson-Atkins Museum of Art4.814.1 mi
- Loose Park4.814.1 mi
- AMC Town Center 204.414.3 mi
- The Regnier Family Wonderscope Children's Museum of Kansas City4.411.1 mi
- Kansas City Zoo & Aquarium4.610.3 mi
- Union Station Kansas City4.716.2 mi
- The Nelson-Atkins Museum of Art4.814.1 mi
- National WWI Museum and Memorial4.916 mi
- Science City at Union Station4.816.3 mi
- Loose Park4.814.1 mi
- Meadowbrook Park4.814.7 mi
- Roe Park4.714.1 mi
- James A. Reed Memorial Wildlife Area4.72.7 mi
- Swope Park4.510.6 mi
- Lake Jacomo Marina4.55.8 mi
- Longview Lake Marina4.65.1 mi
- Blue Springs Lake Marina4.66.7 mi
- Topgolf Overland Park4.414.4 mi
- Puttery4.814.6 mi
- Heart of America Golf Course4.49.4 mi
- Ironhorse Golf Club4.514.2 mi
- Drumm Farm Golf Club4.310.3 mi
- Independence Center4.19.4 mi
- Country Club Plaza4.514.5 mi
- Cosentino's Sun Fresh Market4.115.1 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area ranked by popularity within the radius shown.
The amenity base that shapes daily life and property demand in this city — what residents actually live with, and what the pipeline is adding.
A large reservoir offering boating, fishing, and swimming, serving as a major regional outdoor destination.
A revitalized district featuring local boutiques, restaurants, and community events that anchor the city's social life.
A massive municipal park complex featuring sports fields, trails, and an aquatic center, supporting active lifestyles.
Lee's Summit is an ideal fit for family buyers seeking top-rated schools and a suburban lifestyle with urban amenities. It also attracts professionals and commuters who value the city's high quality of life, strong economic base, and relative affordability compared to larger national markets.
The city is served by highly regarded public school districts, most notably the Lee's Summit R-VII School District, which is frequently recognized for academic excellence and strong extracurricular programs. These schools are a primary driver of residential demand and property value stability in the area.
The city is well-connected via major highway corridors, including I-470 and US-50, facilitating efficient regional travel. Commute profiles are primarily auto-dependent, with infrastructure focused on maintaining connectivity to the broader Kansas City metro area.
Lee's Summit offers an extensive amenity base, including numerous public parks, golf courses, and the popular Longview Lake. The city features vibrant shopping and dining districts, particularly in the historic downtown area and the newer commercial corridors, providing a high quality of life for residents.
The rental market in Lee's Summit is characterized by steady demand and moderate vacancy pressure, supported by the city's high median income and professional workforce. While institutional investors maintain a presence, the market remains balanced with a mix of single-family rentals and modern apartment communities.
The economy is anchored by a robust mix of healthcare, education, and retail sectors. Major employers include the Lee's Summit R-VII School District and various regional healthcare providers, contributing to a stable and growing local job market.
Lee's Summit exhibits strong economic momentum, anchored by a diverse mix of healthcare, retail, and professional services. Significant infrastructure investments and ongoing commercial development continue to attract new residents and corporate interest to the area.
The city maintains an active development pipeline focused on mixed-use residential projects and commercial expansion. Planning efforts prioritize sustainable growth and the preservation of the city's small-town character alongside modern infrastructure needs.
Parcels in Lee's Summit are subject to various special districts, including school districts, fire protection districts, and potential community improvement districts (CIDs) for specific commercial areas.
Lee's Summit generally reports crime rates lower than the regional average for the Kansas City metropolitan area. The city maintains a proactive community policing strategy that contributes to a stable safety profile compared to neighboring urban centers.
The city faces standard Midwestern climate risks, including potential for severe thunderstorms and occasional wind events. Flood risk is localized to specific drainage basins, and property insurance markets remain stable with standard coverage requirements for the region.
Property insurance markets in the area are stable, though premiums reflect regional exposure to severe weather events common in the Midwest. Homeowners are generally advised to maintain comprehensive coverage for wind and storm damage.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Missouri) — Occupancy Law Property Tax Proration: Allows for the assessment and taxation of newly constructed residential property starting the first month following occupancy, and pro rata removal from tax rolls for improvements destroyed by natural disaster. State (Missouri) — Residential Property Tax Assessment: Residential property is assessed at 19% of its true market value. The formula is: (Market Value * 0.19) * Local Tax Rate = Annual Tax Liability.
Researched annual trajectory for this city, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 7.7%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Data retrieved from U.S. Census Bureau QuickFacts and ACS 2020-2024 estimates.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment. Source: NCES EDGE public school locations 2023-24.
County linkage populates as this city's member ZIP reports roster beneath it.
No ZIP intel reports rostered under this city yet — property dossiers roll up through the ZIP tier, so the chain populates as the county refreshes discover them.