Is now a good time to buy land in Lees Summit, Missouri?
Lees Summit, Missouri is currently a strong buyer's market with 25.8 months of supply. Buyers have more negotiating power and can take time to find the right property.
Comprehensive market data and analysis• Updated Dec 2025
25.8 months of supply
High inventory favors buyers with more choices and negotiating power.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | - | - | 4 | 10 |
| 1-2 acres | - | - | - | - |
| 2-5 acres | 4 | 4 | 9 | 15 |
| 5-10 acres | - | - | 3 | 4 |
| 10-20 acres | - | - | 1 | 5 |
| 20-50 acres | - | - | 1 | 3 |
| 50-100 acres | - | 1 | 1 | 1 |
| 100+ acres | - | - | 1 | 1 |
| TOTAL | 4 | 5 | 20 | 39 |
Lees Summit, Missouri is currently a strong buyer's market with 25.8 months of supply. Buyers have more negotiating power and can take time to find the right property.
Lees Summit, Missouri currently has 25.8 months of inventory supply. This indicates a strong buyer's market. High supply means buyers have plenty of choices and stronger negotiating position.
The 3-month absorption rate in Lees Summit, Missouri is 3.9%. The 12-month rate is 7.6%. Absorption rate shows what percentage of available inventory is being sold, with higher rates indicating stronger buyer demand.
There are currently 43 active listings in Lees Summit, Missouri. 6 new listings have hit the market in the last 90 days. The median asking price is $250K.
Over the past 12 months, Lees Summit, Missouri saw 39 properties sold. In just the last 3 months, 5 properties changed hands.
The current absorption rate in Lees Summit, Missouri is 3.9% (3-month basis), indicating slow demand. The top-performing broker in this market is Fitz Osborn Real Estate LLC.
Land in Lees Summit, Missouri typically sells within 206 days of listing. The median time on market is 111 days. Properties are moving slowly in the current strong buyer's market.
Market statistics are compiled from multiple sources including LandyDandy listings, Zillow.com, Realtor.com, Redfin.com, county records, and MLS data. While we strive for accuracy, these figures are estimates and may not reflect 100% of market activity. Data is updated regularly but some transactions may have reporting delays. For the most accurate assessment of a specific property, we recommend consulting with a local real estate professional.