Top Large Teams in Kansas – Ranked by Sides

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2023 Kansas Housing Market Summary

Kansas started 2023 with a total of 2,929 single-family homes on the market, with a median home price of $255,000 and an average price per square foot of $160. By the end of the year, inventory had increased to 3,736 homes on the market (+27%), with a median home price of $279,250 (+9%) and an average price per square foot of $158 (-1%).

At the start of 2023, the median days on market (DOM) was 63 days – by the end of the year, median DOM had increased to 70 days.

Kansas started the year with 29% 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 32% of Kansas homes for sale had taken a price cut.

Finally, Altos’ proprietary Market Action Index (MAI) shows that Kansas started 2023 as a seller’s market, with an MAI score of 43; 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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