Top Mega Teams in Kansas City, Missouri – Ranked by Sides

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2023 Kansas City, Missouri Housing Market Summary

Kansas City, Missouri started 2023 with a total of 719 single-family homes on the market, with a median home price of $210,000 and an average price per square foot of $151. By the end of the year, inventory had increased to 789 homes on the market (+9%), with a median home price of $220,000 (+4%) and an average price per square foot of $155 (+2%).

At the start of 2023, the median days on market (DOM) was 56 days – by the end of the year, median DOM had remained the same at 56 days.

Kansas City started the year with 48% 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 42% of Kansas City homes for sale had taken a price cut.

Finally, Altos’ proprietary Market Action Index (MAI) shows that Kansas City started 2023 as a strong seller’s market, with an MAI score of 46; by the end of the year, the MAI had dropped to 37 – a slight seller’s advantage.

This market summary is powered by Altos Research – click here to run a free report for your area.

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