Kennett, MO metro area Housing Market
Cold MarketComprehensive housing market data for the Kennett, MO metro area metro area. Track home prices, inventory, days on market, and competition — updated monthly for real estate investors.
Data period: March 2026
Median Sale Price
$152K
↑ 10.8% YoY
Days on Market
136 days
↑ 14.3% YoY
Active Inventory
69
↓ 15.9% YoY
Homes Sold
14
↑ 40.0% YoY
Cold Market
Inventory is high and homes are sitting longer — a buyer's market.
Kennett, MO metro area Market Summary
The Kennett, MO metro area housing market is cooling down. As of March 2026, the median home sale price is $152K, up 10.8% year-over-year. Homes are spending a median of 136 days on the market, 14.3% longer than a year ago.
There are 69 homes for sale — 15.9% fewer than last year. With 4.9 months of supply, this is a balanced market. 18 new listings were added during this period, up 20.0% year-over-year.
Homes are selling for 93.4% of their list price on average, suggesting room for negotiation. 14.3% of homes sell above their asking price. 20.3% of listings have had a price drop.
Market Opportunity Score
Based on current market conditions
81
Contributing Factors
How This Market Compares
vs. National Median
vs. Missouri Median
Investor Takeaway
The cooling market may present buying opportunities with less competition and more negotiating leverage. A significant share of sellers are cutting prices, which can signal motivated sellers and potential deals. Prices are 65% below the national median, which could indicate stronger cash flow potential.
Kennett, MO metro area Market Trends
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Detailed Market Metrics
Median List Price
$127K
Price per Sq Ft
$71
Sale-to-List Ratio
93.4%
Months of Supply
4.9
Sold Above List
14.3%
Price Drops
20.3%
New Listings
18
↑ 20.0% YoY
Pending Sales
16
Off Market in 2 Weeks
6.3%
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Try It FreeHousing market data provided by Redfin, a national real estate brokerage. Not financial advice. Always consult a qualified professional before making investment decisions.