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

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    • Rank – City SidesTeam NameCompanyLocationSidesProfile
    3GridCompassKansas City, MO 172.0View Profile
    4Dani Beyer Real EstateKeller WilliamsKansas City, MO 165.0View Profile
    5Nelson Home GroupKeller WilliamsKansas City, MO 121.0View Profile

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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.

    Housing Market News

    AdobeStock_250556333

    Lower mortgage rates attracting more homebuyers 

    Sep 16, 2024By

    An often misguided premise I see on social media is that lower mortgage rates are doing nothing for housing demand. That’s ok — very few people are looking at the data without an agenda. However, the point of this tracker is to show you evidence that lower rates have already changed housing data. So, let’s […]

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