Missouri started 2024 with a total of 9,741 single-family homes on the market, with a median home price of $280,000 and an average price per square foot of $177.82. By the end of the year, inventory had increased to 13,368 homes on the market (+37%), with a median home price of $297,900 (+6%), and an average price per square foot of $186 (+4%).
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 77 days.
Missouri started the year with 32.36% 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 33.62% of homes for sale had taken a price cut.
