Kansas City, Missouri started 2024 with a total of 739 single-family homes on the market, with a median home price of $224,900 and an average price per square foot of $155.89. By the end of the year, inventory had increased to 1,184 homes on the market (+60%), with a median home price of $240,000 (+7%), and an average price per square foot of $163 (+5%).
At the start of 2024, the median days on market (DOM) was 63 days – by the end of the year, median DOM had increased to 70 days.
Kansas City, Missouri started the year with 42.63% of homes taking a price cut. (For reference, 35% is the national average for price reductions in a "normal" year.) By the end of the year, about 45.69% of homes for sale had taken a price cut.
