Market Update
Kansas
Q4 2024
Residential Property Snapshot
Single Family Homes & Condos | Q4 2024
- Med. Sales Price
- $421k
- 4% more than in
Q4 2023 - Avg. Days On Market
- 43
- 2% more than in
Q4 2023 - Closed Sales
- 2,341
- 12% more than in
Q4 2023 - Inventory
- 1,218
- 22% more than in
Q4 2023
Sales Price vs. Closed Sales
- Single Family Homes
- Condos
| Sold Total | Median Close Price | Avg Close Price | |
|---|---|---|---|
| Q4 '20 | 3470 | $316k | $375k |
| Q4 '21 | 3214 | $346k | $409k |
| Q4 '22 | 2347 | $379k | $459k |
| Q4 '23 | 2098 | $405k | $490k |
| Q4 '24 | 2341 | $421k | $500k |
Closed
New
Inventory
Closed Sales by Price
- Single Family Homes
- Condos
| Closed Under $250k | 13.2% |
|---|---|
| Q4 '24 | 309 |
| Q4 '23 | 359 |
| 1YR CHANGE | -14% |
| Closed $250k - $500k | 50.4% |
| Q4 '24 | 1180 |
| Q4 '23 | 1012 |
| 1YR CHANGE | +17% |
| Closed $500k - $750k | 23.2% |
| Q4 '24 | 544 |
| Q4 '23 | 455 |
| 1YR CHANGE | +20% |
| Closed Over $750k | 13.2% |
| Q4 '24 | 308 |
| Q4 '23 | 272 |
| 1YR CHANGE | +13% |
Median Sales Price vs. Average Days on Market
- Single Family Homes
- Condos
| Median Close Price | Avg Days On Market | |
|---|---|---|
| Q4 '20 | $316k | 36 |
| Q4 '21 | $346k | 22 |
| Q4 '22 | $379k | 35 |
| Q4 '23 | $405k | 42 |
| Q4 '24 | $421k | 43 |
By Year
By Price
Market Data by Year
- Single Family Homes
- Condos
| Q4 2024
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'23 - '24
Inventory
Inventory represents the number of active properties on the market at the end of the quarter
22%
New Listings
New Listings represents the number of properties listed during the quarter.
5%
Months Supply of Inventory
Months' supply of inventory refers to the number of months it would take for the current inventory of homes on the market to sell given the current sales pace.
1%
Closed Sales
12%
Average Days On Market
Average Days on Market represents the number of days that a property has been listed until a seller has accepted an offer and signed a contract.
2%
Fairway
- Median
- $734k
- DOM
- 26
- Sales
- 16
- Inv
- 4
Gardner
- Median
- $345k
- DOM
- 69
- Sales
- 60
- Inv
- 22
Kansas City, KS
- Median
- $220k
- DOM
- 30
- Sales
- 330
- Inv
- 204
Leawood
- Median
- $713k
- DOM
- 40
- Sales
- 117
- Inv
- 71
Lenexa
- Median
- $489k
- DOM
- 50
- Sales
- 179
- Inv
- 107
Merriam
- Median
- $311k
- DOM
- 25
- Sales
- 16
- Inv
- 5
Mission
- Median
- $326k
- DOM
- 14
- Sales
- 34
- Inv
- 7
Mission Hills
- Median
- $1.52m
- DOM
- 50
- Sales
- 17
- Inv
- 5
Mission Woods
- Median
- $490k
- DOM
- 91
- Sales
- 2
Olathe
- Median
- $425k
- DOM
- 55
- Sales
- 438
- Inv
- 280
Overland Park
- Median
- $479k
- DOM
- 45
- Sales
- 604
- Inv
- 244
Prairie Village
- Median
- $461k
- DOM
- 16
- Sales
- 94
- Inv
- 24
Roeland Park
- Median
- $315k
- DOM
- 14
- Sales
- 39
- Inv
- 5
Shawnee
- Median
- $400k
- DOM
- 33
- Sales
- 191
- Inv
- 84
Westwood
- Median
- $623k
- DOM
- 16
- Sales
- 7
- Inv
- 1