Homes Under $400K for Sale in Lee's Summit, MO
· 156 homes fit this search156 homes fit this search · Sorted by Newest Listed
About Homes Under $400K in Lee's Summit, MO
Lee's Summit, MO has 156 homes under $400k for sale right now, with a median list price of $339,000. These homes under $400k were built between 1890 and 2026. Most are between 1,256 and 2,433 square feet.
Housing market trends in Lee's Summit, MO (all homes)
As of Oct 26, 2026, Lee's Summit, MO: 406 homes for sale · 32 new in the last 7 days · median asking $499,000 · 166 price reductions · a median of 16 days to contract. 131 homes closed in the last 30 days, at a median of $428,000. At the pace of the last 90 days that is 2.46 months of supply. Inventory is up 3% from four weeks ago.
437
Homes for sale in Lee's Summit · 31 coming soon
$499,000
Median list price
16 days
Median days to contract
2.46 mo
Months of supply
| Measure | Sep 2026 | Aug 2026 | Sep 2025 |
|---|---|---|---|
| Median sale price | $438,000 | $421,500 | $416,600 |
| Median price per sq ft | $188 | $184 | $188 |
| Median days to contract | 16 | 17 | 19 |
| Sell-to-list ratio | 100% | 100% | 100% |
| Homes sold | 168 | 150 | 145 |
| New listings | 193 | 181 | 183 |
| Went under contract | 134 | 159 | 122 |
31 photos
Built 2023
47 photos
Price Cut · $10K
38 photos
Price Cut · $55K
28 photos
Price Cut · $30K
32 photos
Price Cut · $56K
23 photos
Price Cut · $12K
25 photos
Price Cut · $16K
48 photos
Price Cut · $45K
① Lee's Summit itself — the place you are on
Popular home searches in Lee's Summit
| Search | For sale |
|---|---|
| Open houses | For sale22 |
| Luxury homes | For sale17 |
| Just listed homes | For sale32 |
| Price-reduced homes | For sale166 |
| Coming soon homes | For sale31 |
| Homes under contract | For sale208 |
How we compute these
- For sale.
- Homes listed as active right now. A live count, not a monthly average.
Homes by price in Lee's Summit
| Price range | For sale |
|---|---|
| Under $200,000 | For sale7 |
| Under $300,000 | For sale52 |
| Under $400,000 | For sale156 |
| Under $500,000 | For sale212 |
How we compute these
- For sale.
- Homes listed as active right now. A live count, not a monthly average.
② Its neighborhoods — one step out
Nearby neighborhoods to Lee's Summit
| Neighborhood | Market (Market type is set by months of supply — how long it would take to sell every home for sale at the current pace. Under ~4 months favors sellers (low inventory, faster sales, homes near or above asking); over ~6 favors buyers (more choice, more negotiating room). 4–6 is balanced.) | Months supply | For sale | Median sale | Sell-to-list | Days to contract | Coming soon | Under contract |
|---|---|---|---|---|---|---|---|---|
| Lakewood | Strong Seller's | 1.7 mo | 8 | Median$508,750 | 100% | 20d | 0 | 11 |
| Eagle Creek | Strong Seller's ▲ | 0.8 mo | 2 | Median$469,500 | 101% | 19d | 0 | 5 |
| Woodlawn Estates | Strong Seller's | 1 mo | 6 | Median$329,376 | 101% | 29d | 1 | 7 |
| Condos of Oaks Ridge Meadows | Seller's | 2.7 mo | 6 | Median$213,400 | 99% | 14d | 0 | 3 |
| Highland Meadows | Strong Seller's | 0.7 mo | 1 | Median$547,917 | 100% | 47d | 0 | 0 |
How we compute these
- Market.
- Market type is set by months of supply — how long it would take to sell every home for sale at the current pace. Under ~4 months favors sellers (low inventory, faster sales, homes near or above asking); over ~6 favors buyers (more choice, more negotiating room). 4–6 is balanced.
- Months supply.
- How many months it would take to sell every home now for sale at the pace of the last 90 days: homes for sale ÷ (closings in the last 90 days ÷ 3).
- For sale.
- Homes listed as active right now. A live count, not a monthly average.
- Days to contract.
- The middle number of days between a home being listed and going under contract, over the last 90 days of closings. It is not days-to-close, and it is not how long today's listings have been sitting. Newly built homes are excluded, because a build finishing is not a market moving.
- Coming soon.
- Homes announced but not yet accepting showings. A live count.
- Under contract.
- Homes with an accepted contract that have not closed yet. A live count.
③ Nearby cities — two steps out
Search homes nearby Lee's Summit
| Place | Market (Market type is set by months of supply — how long it would take to sell every home for sale at the current pace. Under ~4 months favors sellers (low inventory, faster sales, homes near or above asking); over ~6 favors buyers (more choice, more negotiating room). 4–6 is balanced.) | Months supply | Median list | Sell-to-list | Days to contract | For sale | Coming soon | Under contract |
|---|---|---|---|---|---|---|---|---|
| Lee's Summit | Seller's | 2.9 mo | Median$500,000 | 98% | 19d | 437 | 31 | 211 |
| Kansas City | Seller's | 4 mo | Median$259,999 | 100% | 21d | 2,225 | 110 | 839 |
| Independence | Seller's | 3.3 mo | Median$223,950 | 99% | 20d | 444 | 19 | 166 |
| Blue Springs | Seller's | 2.6 mo | Median$389,500 | 99% | 18d | 207 | 11 | 121 |
| Raytown | Seller's | 3.3 mo | Median$220,000 | 97% | 23d | 125 | 8 | 36 |
How we compute these
- Market.
- Market type is set by months of supply — how long it would take to sell every home for sale at the current pace. Under ~4 months favors sellers (low inventory, faster sales, homes near or above asking); over ~6 favors buyers (more choice, more negotiating room). 4–6 is balanced.
- Months supply.
- How many months it would take to sell every home now for sale at the pace of the last 90 days: homes for sale ÷ (closings in the last 90 days ÷ 3).
- Median list.
- The middle asking price among the homes for sale right now. Half are listed above it, half below.
- Days to contract.
- The middle number of days between a home being listed and going under contract, over the last 90 days of closings. It is not days-to-close, and it is not how long today's listings have been sitting. Newly built homes are excluded, because a build finishing is not a market moving.
- For sale.
- Homes listed as active right now. A live count, not a monthly average.
- Coming soon.
- Homes announced but not yet accepting showings. A live count.
- Under contract.
- Homes with an accepted contract that have not closed yet. A live count.