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KS Avg Real Estate Commission Rate in Kansas City, Kansas

Kansas City is the third-largest city in the State of Kansas, the county seat of Wyandotte County, and the third-largest city of the Kansas City metropolitan area. Kansas City, Kansas is abbreviated as "KCK" to differentiate it from Kansas City, Missouri, after which it is named. It is part of a consolidated city-county government known as the "Unified Government". Wyandotte County also includes the independent cities of Bonner Springs and Edwardsville. As of the 2010 census, the city had a population of 145,786 residents. It is situated at Kaw Point, which is the junction of the Missouri and Kansas rivers.

 

Kansas City, Kansas Average Real Estate Agent Commission Rate Fees:

A total commission of 6.0% is typically asked for by “full service” Agents working for the big national real estate firms in Kansas City, Kansas. 70% of Sellers list with the first Agent they speak to, and we find that most Sellers who agree to pay a full 6.0% commission do not realize that real estate commissions are NEGOTIABLE!

The national average total real estate commission in 2015 was 5.26% *

In Kansas City, Kansas, you will find the following real estate commissions charged*:

Typical Asking Commission: 6.0%

Competitive Commission: 5.0%-5.5%%

Very Competitive Commission: 4.5%-4.99%

The median existing single-family home price in the Midwest rose 6.6%, to $204,000, in the second quarter of 2017 compared to the the second quarter of 2016.  Median sales prices for existing homes in the state's Major Metropolitan Areas are as follows:

In the State of Kansas, median home prices are as follows*:

Metro Area Median Sales Price % of Annual Change
Kansas City $201,700 6.90%
Topeka $129,700 -0.10%
Wichita $135,900 -1.80%
 
IMPORTANT

Real Estate Commissions are split between the listing Agent (who works for you to sell your home) and what will be offered on the MLS to any Agent that brings a Buyer to buy your home.  In a typical 6% total commission, the listing Broker is paid 3% and 3% is offered on the MLS to all Agents working with Buyers (so they can see what they will earn if they bring their Buyer to your home and complete the sale).

In a competitive commission structure, ranging from 5% to 5.5%, the listing Agent agrees to a listing commission of 2% to 2.5%, and they will recommend that they offer, on the MLS, a commission of 2.5% to 3.0% to the Buyer’s Agent.  Your Agent will usually tell you that if they offer less than 2.5% on the MLS that your home “won’t be shown”.  This makes sense, in that, all things being equal, the Buyer’s Agent will want as big a payday as possible when they find the right home for their client.  This is also especially true if market conditions favor Buyers in a so-called “Buyer’s Market” (high inventory levels in a period of unstable prices).

When you meet with your listing Agent, also remember that, unless they are a “Broker/Owner”, they will have to split their commission with their employing Broker. High producing Agents can work up to getting 90% of the listing commission from their Broker, but typically less experienced Agents may only receive 50% of the listing commission.

 

AGENTS ARE READY TO BID THEIR COMMISSION RATE TO GET YOUR LISTING

At ListingBidder.com, we first negotiate on your behalf a competitive real estate commission structure with HIGHLY EXPERIENCED, HIGHLY RECOMMENDED Agents who know your LOCAL market (even YOUR NEIGHBORHOOD); each ready to bid for your business.  These Agents are not just ordinary Agents as many of them are broker/owners and they have the best ability to negotiate their commissions and be competitive, in part because they do not have to share their listing commission with the brokerage firm.  This is a direct benefit to you and will save you thousands of dollars in real estate commission fees over the typical fees in Kansas.

 

ARE YOU BUYING IN THE SAME AREA, TOO?

Sellers who are also buying a home in the same local market have a volume discount advantage.  ListingBidder can use this opportunity to negotiate an even better real estate commission rate fee on the sale of your home because the Agent will be more willing to give a deeper discount (a very competitive rate) knowing there is additional commission being earned on the purchase of another home.  Be sure to check the box that you are also buying a home locally to receive these better rates.

 

ARE YOU READY TO RECEIVE COMPETITIVE COMMISSION RATE BIDS?

Click here to see your savings in just 24 hours…

 

DEMOGRAPHICS:
Demographic profile 2010 1990 1970 1950
White 52.2% 65.0% 78.9% 79.4%
 —Non-Hispanic 40.2% 61.9% 76.3% N/A
Black or African American 26.8% 15.8% 10.7% 9.9%
Hispanic or Latino (of any race) 27.8% 7.1% 3.2% N/A
Asian 2.7% 1.2% 0.1%

According to the 2010 census, there were 145,786 people, 53,925 households, and 35,112 families residing in the city. The population density was 1,168.1 inhabitants per square mile (451.0/km2). There were 61,969 housing units at an average density of 496.5 per square mile (191.7/km2). The median age in the city was 32.5 years. 28.4% of residents were under the age of 18; 9.7% were between the ages of 18 and 24; 27.7% were from 25 to 44; 23.7% were from 45 to 64; and 10.5% were 65 years of age or older. The gender makeup of the city was 49.4% male and 50.6% female.

There were 53,925 households of which 37.0% had children under the age of 18 living with them, 39.1% were married couples living together, 18.9% had a female householder with no husband present, 7.0% had a male householder with no wife present, and 34.9% were non-families. 28.8% of all households were made up of individuals and 8.9% had someone living alone who was 65 years of age or older. The average household size was 2.68 and the average family size was 3.32.

The racial composition of Kansas City, Kansas, as of 2010, was as follows:

  • White: 52.2%
  • Black or African American: 26.8%
  • Native American: 0.8%
  • Asian: 2.7%
  • Pacific Islander: 0.1%
  • Other races: 13.6%
  • Two or more races: 3.8%
  • Hispanic or Latino (of any race): 27.8%
  • Non-Hispanic Whites: 40.2%

As of the 2000 census, the median household income in the city was $33,011, and the median income for a family was $39,491. Males had a median income of $30,992 versus $24,543 for females. The per capita income for the city was $15,737. About 13.0% of families and 17.1% of the population were below the poverty line, including 23.8% of those under age 18 and 11.5% of those age 65 or over.

 

ECONOMY:

Bureau of Labor Statistics data shows that employment in Wyandotte County, Kansas increased 4% from March 2011 to March 2012. The sharp rise in the number of workers resulted in Wyandotte County ranking 19th in the nation and 1st in the Kansas City metropolitan area for job growth as of September 28, 2012.

Kansas City, is the home to the General Motors Fairfax Assembly Plant, which manufactures the Chevrolet Malibu and the Buick LaCrosse. The Federal Bureau of Prisons maintains its North Central Region Office in the city. In addition, Associated Wholesale Grocers and Kansas City Steak Company are based within the city. The largest employer is the University of Kansas Hospital. The adjoining University of Kansas Medical Center, including the schools of medicine, nursing, and allied health, is also among the city's largest employers (with a student population of about 3,000).

Village West is a business and entertainment district located at the intersection of Interstates 70 and 435. Anchored by the Kansas Speedway, tenants include Hollywood Casino, The Legends At Village West, Cabela's, Nebraska Furniture Mart, Great Wolf Lodge, CommunityAmerica Ballpark, the home stadium of the Kansas City T-Bones of the American Association, and Children's Mercy Park, the home stadium of the Sporting Kansas City Major League Soccer franchise. Schlitterbahn Vacation Village, a 370-acre (1.5 km2) resort and waterpark, opened across I-435 from Village West in June 2009.

Kansas City was ranked in 2010 as the #7 best city in the U.S. to start over after foreclosure. Average rent in Kansas City is only $788, which is low in relation to the national average of $1,087 spent on rent.

On March 30, 2011, Google announced that Kansas City had been selected as the site of an experimental fiber-optic network that it would build at no cost to the city. Kansas City was chosen from a field of 1,100 U.S. communities that had applied for the network. The network became operational in 2012. Piper, Kansas, became the first full community in the nation (based on actual residential votes and pre-registration counts) to have residential broadband internet network infrastructures using fiber-optic communication of 1Gbit/sec download and upload speeds provided by Google Fiber.

Largest employers

According to the City's 2013 Comprehensive Annual Financial Report, the largest employers in the city are:

# Employer # of Employees
1 University of Kansas Hospital 5,000+
2 University of Kansas Medical Center 3,500-4,000
3 General Motors Corporation 3,500-4,000
4 Kansas City, KS School District #500 2,500-4,000
5 Burlington Northern/Santa Fe Railroad 2,500-4,000
6 Cerner 1,000-2,499
7 Unified Government of Wyandotte Co/KCK / Kansas City, Kansas 1,000-2,499
8 Associated Grocers 1,000-2,499
9 Providence Medical Center 1,000-2,499
10 Nebraska Furniture Mart 1,000-2,499

 

*Data provided by Bankrate.com - Real Estate and Wikipedia - Kansas City - Kansas