MARKET REPORT KANSAS CITY RESIDENTIAL REAL ESTATE
Follow Your Dream, Home.
Introduction Engel & Völkers Kansas City welcomes you to its Biannual Real Estate Market Report. On-the-ground intel from community experts along with local market data informs our analyses and serves as the basis for forecasting trends and providing data-based insights into the constantly shifting housing market. Throughout the year, and on an ongoing basis, we evaluate sales listed in the Multiple Listing Service, local Home Builders Association permit reports, city data, national stats and local economists, resulting in a residential market report for the Greater Kansas City Area.
*Information and figures based on data from Heartland Multiple Listing Service unless otherwise noted. Data is for informational purposes only and may not be completely accurate due to the MLS reporting processes. This data reflects a specific point in time, and cannot be used in perpetuity due to the fluctuating nature of markets.
DREAMS & DESIGN BUILDING
Published January 2024
DREAMS & DESIGN BUILDING
Table of Contents
National Overview
6
Greater Kansas City Overview
8
Leawood, KS
10
Lenexa, KS
12
Olathe, KS
14
Overland Park, KS
16
Shawnee, KS
18
Blue Springs, MO
20
Lee's Summit, MO
22
Liberty, MO
24
Parkville, MO
26
Raymore, MO
28
A Recap of our KC Fall Parade of Homes Gold Winners
30
Engel & Völkers Kansas City
31
National Overview 2023 was a daunting year for many home
With approximately two-thirds of home owners
shoppers. Mortgage rates and residential real
currently at rates below 4%, a notable portion of
estate prices continued to surge, with average
possible sellers are opting to postpone their
monthly prices hitting record levels, making
buying and selling plans and wait for potential
home ownership unobtainable for many aspiring
lower rates.
homeowners. In spite of these persistent inventory challenges, December 2023 was down 1% from November
most experts are expecting a busier home-
and 6.2% from December 2022. All together
buying season for 2024, while only a few believe
existing-home sales for 2023 fell to 4.09 million,
2024 will remain sluggish due to many
a 28-year low, according to the latest monthly
homeowners who will not give up their current
National Association of Realtors (NAR) data. At
low rate mortgage, thus keeping a hold on
the same time, national average home prices
inventory and an upward pressure on home
continued to rise in 2023 to a record high of
prices.
$389,800.
Homeownership Rates in the U.S. Over a Twenty-Year Period by Percentage
65.7
65.8
65.4
65.1
20 21
64.8
20 20
63.7
64.2
63.8
20 17
64.0
20 16
65.2
20 15
65.4
10
20 14
66.0
20 13
66.5
67.2
20 12
67.5
20 10
67.8
20 09
68.9
69.0
69.2
68.6
68.3
15
68.0
20
5
*Figures based on information from US Census Bureau. 2022 figure is estimated at time of graph.
6
20 23
20 22
20 19
20 18
20 11
20 07 20 08
20 06
20 05
20 04
20 03
20 02
0
Average U.S. Mortgage Rates Over The Past Three Years 30 Year
8
6.66 6
5.26 3.80
4
3.00
2.87
2.87
6.37
7.05
7.26
6.40
6.59
5.62 5.96
5.87
5.56
4.88
4.45
3.08
6.51
15 Year
3.04 2
2.27
2.30
2.34
2.17
20 23 Q 4
20 23 Q 3
20 23 Q 2
Q 12 02 3
20 22 Q 4
20 22 Q 3
20 22 Q 2
Q 12 02 2
20 21 Q 4
20 21 Q 3
20 21 Q 2
Q 12 02 1
0
*Figures based on information from FRED Economic Data.
The most recent National Association of Home Builders (NAHB) / Wells Fargo Housing Market Index (HMI), which tracks builder sentiment, rose from 37 to 44 in January 2024. A reading of 50 or above means more builders see good conditions ahead for new construction. At the same time, new single-family building
$417,700 Q4 2023 NATIONAL MEDIAN HOME PRICE
permits managed to tick up slightly in December 2023—according to the latest data from the
*According to FRED Economic Data.
U.S. Census Bureau and U.S. Department of Housing and Urban Development (HUD).
7
Greater Kansas City Overview
Home values have and always will be hyper-local, tied to
a 30,000 increase over the first half of 2023. An
the local economy, area employer base, product
upward trend Kansas Citians will need to get used to as
availability, school ratings and more. With that said, the
inventory is projected to remain low for sometime.
positives here in the greater Kansas City area continue to out way the negatives.
We entered 2024 with about a month and a half of active supply, just over 3,000 active residential listings,
For the second half of 2023 we saw local home prices
ranging from an investor rehab/teardown special at
continue to climb, while inventory and the number of
30,000 to a lake front retreat at 12.6 million.
closed transactions, both had significant declines due to the lack of inventory.
In 2024, the main six metropolitan counties are anticipated
The average selling price for the six major metro
to
see
approximately
32,000
sold
residential homes, a 5% increase over 2023.
counties came in just under $362,000,
Greater Kansas City Single Family Home Sales For 2023 (Includes the following counties: Cass, MO · Clay, MO · Jackson, MO · Johnson, KS · Platte, MO · Wyandotte, KS)
Average Selling Price
Average Days on Market
Units Sold
Volume Sold
Overall List to Sale Price %
Sold Over $1 Million
New Construction Sold
New Construction Volume
$361,931
$5.1 Billion
1,384 8
34
101%
$794 Million
13,403
357
Highest KC Recorded Home Sales For 2023 No. 1
$5,000,000
Coming in first at $5,000,000 is the stunning 18317 Melrose Drive in Overland Park, Kansas. Nestled on 10 wooded acres backing into Wolf Creek. This reverse 1.5 story boasts soaring ceilings, wide planked floors and detailed walnut cabinets. Featuring 4 bedrooms and 5 bathrooms, and spanning across 8,074 square feet total.
No. 2
$4,850,000
Coming in second at $4,850,000 is 6708 Cherokee Lane, Mission Hills, KS 66208. This stunning single family residence inspired by Spanish architecture is located in the Indian Hills subdivision of Mission Hills. This hidden gem was built in 2013 and is 7,998 square feet, including 5 bedrooms and 7 bathrooms and private, gate access.
No. 3
$4,325,000
Coming in third at $4,325,000 is 220 South Shore Drive in Lake Winnebago, MO. This gorgeous hawaiian inspired property features 3 bedrooms and 3 bathrooms throughout 5,995 square feet of entertaining features such as a hidden wine cellar, tasting room and waterfall pool.
In conclusion, Kansas City real estate is experiencing a
destination for those looking to relocate or invest in
period of sustained growth and offers a range of
real estate. As the city continues to grow and develop,
opportunities for homebuyers and real estate investors
it’s likely that the demand for real estate in Kansas City
alike. With a strong job market, affordable housing, and
will only continue to rise, making it an excellent
a favorable tax environment, the city is an attractive
investment opportunity for years to come.
From the first meeting and initial walk thru, I knew
For us, it was critical to have professionals — that’s
I had made the right choice for customer care and
Engel & Völkers. Everything worked exactly as they
dedication. EV’s experience and professionalism in
planned -- the offers came when and how they
handling our listing was smooth throughout the
predicted. We sold for well above asking. We’ll
entire process with consistent feedback and help
stick with the Engel & Völkers brand -- they are
thru the closing which was so appreciated. I would
premiere above all the rest from our experience!
highly recommend them for any potential seller looking for a low stress and positive experience. -Google Review
-Zillow Review
9
Leawood, Kansas
New Listings
Contracted
Sold
Average Sale Price
$834,339
$823,459
$721,347 $790,021
$703,501
$796,441
$808,581
$798,156
$717,675
'23 Q1
'22 Q4
Leawood market trends for 2023 indicate an increase of 3.2% in average selling price over 2022, with the average topping out at $796,066. Leawood saw a 21% decrease in the number of contracted homes in 2023 compared to 2022. In addition, overall sales volume came in at $416 million, about 22% lower than 2022.
237 87 84 100 163
'22 Q3
'22 Q2
184 144 176
0
237 207 163
'22 Q1
50
112 104 82
'21 Q4
118 102 135
100
198 186 157
150
141 159 188
200
199 155 192
250
260 216 211
300
'23 Q3
'23 Q4
'23 Q2
The five highest priced home sales in Leawood for 2023 ranged from $5.5 Million to just under $2.2 Million, with an average of $316 per square foot. New construction sales volume decreased by about 33% to just over $25 million, with an average sales price up 2%, to a little over 1.3 Million.
The three Leawood neighborhoods with the highest number of transactions were Leawood Estates, Leawood and Leawood South.
Leawood New Construction Sales Volume 2011 - 2023 60,000,000
$51,295,184
50,000,000
$55,979,928 $42,357,976
$38,119,256
40,000,000
$35,427,195
30,000,000
$31,411,359
$34,041,812
$24,960,716
20,000,000
$15,287,982
10,000,000
$23,609,360
$17,565,405
$25,499,408
$8,040,920
0
'11
10
'12
'13
'14
'15
'16
'17
'18
'19
'20
'21
'22
'23
Leawood Neighborhoods with Highest Number of Sales Second Half 2023
#1 LEAWOOD ESTATES 40 SOLD AVG PRICE: $749,052 AVG SQ FT: 3,043 AVG PPSF: $246
#2
#3
LEAWOOD 24 SOLD AVG PRICE: $917,407 AVG SQ FT: 3,464 AVG PPSF: $265
LEAWOOD SOUTH 16 SOLD AVG PRICE: $516,206 AVG SQ FT: 2,765 AVG PPSF: $187
4
2 1
3 5
Top 5 Sales for Leawood in 2023 Rank Address
Neighborhood
Lot Size
Style
Sales Price
Sq Footage
PPSF
1
11541 Cherokee Court
Other
3.38 Acres
1.5 Stories
$5,500,000
16,921
$325
2
8416 Ensley Lane
Leawood
0.49 Acre
1.5 Stories
$3,541,525
9,068
$391
3
9250 Lee Boulevard
Highlands Creek
0.69 Acre
1.5 Stories
$2,200,000
8,082
$309
4
8703 Meadow Lane
Hallbrook
0.57 Acre
1.5 Stories
$2,275,000
7,720
$295
5
4215 W 113th Street
The Woods Estates
0.69 Acre
1.5 Stories
$2,200,000
8,472
$260
11
Lenexa, Kansas
$506,902
168 129 152
216 189 210
270 225 209
192 155 119
141 133 162
263 249
$461,789
162
289 218
100
204 175 151
150
170 176
200
$531,098
$451,371
$507,814
$552,017
$539,184
$500,151
300 250
Average Sale Price
141
350
Sold
133
$465,397
Contracted
301 263 249
New Listings
50 0
'21 Q4
'22 Q1
'22 Q3
'22 Q2
'23 Q1
'22 Q4
Lenexa market trends for 2023 indicate an increase of 12% in average selling price, with the average topping out at $531,369. Lenexa saw a 9% decrease in the number of contracted homes in 2023 compared to 2022. In addition, overall sales volume came in at $367 million, which is about 4% lower than in 2022.
'23 Q2
'23 Q3
'23 Q4
The five highest priced home sales in Lenexa 2023 ranged from $3.3 million to $1.6 million, with an average of $414 per square foot. New construction sales volume increased by about 26% to $125 million, with an average sales price of $797,263, up from $755,136 in 2022.
The three Lenexa neighborhoods with the highest number of transactions were Four Colonies, Prairie View at Creekside and The Cedars.
Lenexa New Construction Sales Volume 2011 - 2023 140,000,000 120,000,000
$96,414,100
100,000,000
$65,310,915
60,000,000
$87,926,152
$76,199,328
$34,900,966
40,000,000 20,000,000
$125,170,332
$118,514,542
$106,375,097
80,000,000
$99,677,949
$99,204,592
$98,691,636
$46,888,265 $22,339,055
0
'11
12
'12
'13
'14
'15
'16
'17
'18
'19
'20
'21
'22
'23
Lenexa Neighborhoods with Highest Number of Sales Second Half 2023
#1 FOUR COLONIES 20 SOLD AVG PRICE: $264,660 AVG SQ FT: 1,605 AVG PPSF: $165
#2
#3
PRAIRIE VIEW AT CREEKSIDE WOODS 19 SOLD AVG PRICE: $668,766 AVG SQ FT: 2,813 AVG PPSF: $238
THE CEDARS 14 SOLD AVG PRICE: $435,925 AVG SQ FT: 2,740 AVG PPSF: $159
5 3 4 1 2
Top 5 Sales for Lenexa in 2023 Rank Address
Neighborhood
Lot Size
Style
Sales Price
Sq Footage
PPSF
1
21324 W 93rd Court
Timber Rock
0.42 Acre
Reverse
$3,319,000
5,230
$635
2
21209 W 94th Terrace
Timber Rock
0.60 Acre
Reverse
$2,672,000
5,500
$486
3
91323 W 93rd Court
Timber Rock
0.52 Acre
1.5 Stories
$1,855,051
4,106
$452
4
9713 Sunset Circle
Falcon Ridge Estates
0.67 Acre
1.5 Stories
$1,849,900
7,492
$247
5
9405 Edgemere Drive
Timber Rock
0.45 Acres
1.5 Stories
$1,650,000
6,563
$251
13
Olathe, Kansas New Listings
Contracted
Sold
Average Sale Price
$446,574
$449,491
$428,414
$458,604
$454,396
$479,258
$463,147
$478,453
'22 Q1
'23 Q1
Olathe market trends for 2023 indicate an increase of 4% in average selling price, with the average topping out at $468,844. Olathe saw a 12% decrease in the number of contracted homes in 2023 compared to 2022. In addition, overall sales volume came in at $275 million, which is about 12% lower than in 2022.
675 642 660
773
741 '22 Q4
'22 Q3
'22 Q2
'23 Q2
447 362 384 660
'21 Q4
628 509 537
0
517 474 382
200
413 353 499
400
681 598 773
600
741 705
800
492 809 532 590 781 621 575 427
$394,470
925
1,000
'23 Q3
'23 Q4
The five highest priced home sales in Olathe for 2023 ranged from $3 million to $2.75 million, with an average of $348 per square foot. New construction sales volume decreased by about 12% to $275 million, with an average sales price of $662,940, up from $650,818 in 2022.
The three Olathe neighborhoods with the highest number of transactions were Boulder Hills, Havencroft and The Willows.
Olathe New Construction Sales Volume 2011 - 2023 $350,000,000
$311,037,637
$300,000,000
$275,895,132
$250,000,000
$185,629,393 $200,000,000
$143,184,048 $132,004,574
$150,000,000 $100,000,000
$208,415,161
$275,783,153
$269,455,273
$210,204,666 $188,820,640
$180,423,859
$145,082,897 $104,596,568
$50,000,000 $0
'11
14
'12
'13
'14
'15
'16
'17
'18
'19
'20
'21
'22
'23
Olathe Neighborhoods with Highest Number of Sales Second Half 2023
#1
#2
#3
BOULDER HILLS 24 SOLD AVG PRICE: $611,122 AVG SQ FT: 2,551 AVG PPSF: $240
HAVENCROFT 19 SOLD AVG PRICE: $608,161 AVG SQ FT: 2,285 AVG PPSF: $139
THE WILLOWS 17 SOLD AVG PRICE: $862,373 AVG SQ FT: 3,311 AVG PPSF: $260
1 3 2
4
5
Top 5 Sales for Olathe in 2023 Rank Address
Neighborhood
Lot Size
Style
Sales Price
Sq Footage
PPSF
1
27151 W 108th Street
Cedar Creek - The Reserve
1.03 Acres
1.5 Stories
$3,000,000
10,699
$280
2
27409 W 108th Street
Cedar Creek - The Reserve
1.55 Acres
1.5 Stories
$2,850,000
7,594
$375
3
10625 S Zarda Drive
Cedar Creek - Hidden Lake
0.91 Acre
Reverse
$2,440,000
5,245
$465
4
11774 S Mesquite Street
Timberstone Ridge
1.15 acres
1.5 Stories
$2,174,957
7,287
$298
5
12715 W 146th Street
The Willows
0.96 Acre
Reverse
$2,125,000
6,580
$323
15
Overland Park, Kansas
$523,978
714 623 706
498 880 475 547
$493,780
880 818 761
'22 Q1
$533,003
$530,232
608 534 461 877
'21 Q4
400
$542,418
$515,232
679
600
804 685 617
800
$424,641
682 783 896
1,000
$504,353
484 474
1,200
Average Sale Price
884 741 877
$460,321
Sold
152
Contracted
1165 1029 998
New Listings
'23 Q3
'23 Q4
200 0
'22 Q2
'22 Q3
'23 Q1
'22 Q4
Overland Park market trends for 2023 indicate an increase of 7% in average selling price, with the average topping out at $530,501. Overland Park saw a 16% decrease in the number of contracted homes in 2023 compared to that in 2022. In addition, overall sales volume came in at $1.3 billion, which is about 17% lower than that of 2022.
'23 Q2
The five highest priced home sales in Overland Park for 2023 ranged from $5 million to $2.2 million, with an average of $373 per square foot. New construction sales volume decreased by about 15% to $276 million, with an average sales price of $871,651, up from $791,888 in 2022.
The three Overland Park neighborhoods with the highest number of transactions were Nall Hills, South Pointe and Chapel Hill.
Overland Park New Construction Sales Volume 2011 - 2022
350,000,000
$322,973,103
300,000,000
$230,445,770
$243,166,002
250,000,000
$215,957,429
$199,565,306
$258,505,155
200,000,000
$159,100,797
$146,164,654
150,000,000
$220,878,413 $183,870,258
$163,613,711
100,000,000 50,000,000 0
$98,180,027
'11
16
'12
'13
'14
'15
'16
'17
'18
'19
'20
'21
'22
Overland Park Neighborhoods with Highest Number of Sales Second Half of 2023
#1
#2
#3
NALL HILLS 29 SOLD AVG PRICE: $370,591 AVG SQ FT: 1,850 AVG PPSF: $200
SOUTH POINTE 28 SOLD AVG PRICE: $508,949 AVG SQ FT: 2,250 AVG PPSF: $226
CHAPEL HILL 24 SOLD AVG PRICE: $702,981 AVG SQ FT: 3,120 AVG PPSF: $225
2
3
4 1 5
Top 5 Sales for Overland Park in 2023 Rank
Address
Neighborhood
Lot Size
Style
Sales Price
Sq Footage
PPSF
1
18317 Melrose Drive
Wolf Valley
10.13 Acres
Reverse
$5,000,000
8,074
$619
2
8835 W 175th Street
Other
12.06 Acres
1.5 Stories
$2,980,000
8,246
$361
3
16508 Bluejacket Street
The Farm at Garnett Hill
1.01 Acres
1.5 Stories
$2,860,000
7,439
$384
4
5255 Golden Bear Drive
5255 Golden Bear Drive
0.51 Acre
1.5 Stories
$2,300,000
8,808
$261
5
10785 W 192nd Place
Rockwood Falls Estates
2.08 Acres
1.5 Stories
$2,200,000
9,217
$239
17
Shawnee, Kansas Sold
Average Sale Price
0
'21 Q4
'22 Q1
'22 Q3
'22 Q2
284 264 256
175 100
$402,550
205 177 153 316
265 241
229 236
200
306
300
$434,379
$381,689
395 366 345
$369,820
295 242 316
400
395 366 345
$405,135
172 173 199
$376,141
'23 Q1
'23 Q2
'22 Q4
Shawnee market trends for 2023 indicate an increase of 7% in average selling price, with the average topping out at $428,075. Shawnee saw a 19% decrease in the number of contracted homes in 2023 compared to that in 2022. In addition, overall sales volume came in at $338 million, which is about 19% lower than that of 2022.
$438,827
$429,747
$422,481
190 158 165
Contracted
262 206 214
New Listings
'23 Q3
'23 Q4
The five highest priced home sales in Shawnee for 2023 ranged from $1.5 million to $1,175,000 with an average of $309 per square foot. New construction sales volume increased by about 6% to $56 million, with an average sales price of $676,095, up from $621,946 in 2022.
The three Shawnee neighborhoods with the highest number of transactions were Canyon Lakes, Lakeview Estates and Woodsonia.
Shawnee New Construction Sales Volume 2011 - 2022 80,000,000
$76,643,326 $59,495,546
$55,617,716
60,000,000
$44,167,989 40,000,000
$52,765,077
$50,286,727
$45,221,430
$45,633,812
$53,626,794 $52,865,395
$56,118,856
$30,425,779 20,000,000
$14,445,714 0
'11
18
'12
'13
'14
'15
'16
'17
'18
'19
'20
'21
'22
'23
Shawnee Neighborhoods with Highest Number of Sales Second Half 2023
#1
#2
#3
CANYON LAKES 14 SOLD AVG PRICE: $651,651 AVG SQ FT: 2,941 AVG PPSF: $222
LAKEVIEW ESTATES 10 SOLD AVG PRICE: $507,550 AVG SQ FT: 3,643 AVG PPSF: $139
WOODSONIA 9 SOLD AVG PRICE: $430,972 AVG SQ FT: 2,712 AVG PPSF: $159
3
2
5 4 1
Top 5 Sales for Shawnee in 2023 Rank
Address
Neighborhood
Lot Size
Style
Sales Price
Sq Footage
PPSF
1
21505 W 80th Terrace
Bristol Highlands
0.36 Acre
2 Stories
$1,573,769
4,711
$334
2
6434 Mize Road
Other
5 Acres
Reverse
$1,200,000
8,346
$144
3
5033 Lewis Drive
Belle Meade Farms
2.78 Acres
1.5 Stories
$1,195,000
7,691
$155
4
7777 Gleason Road
Other
10.25 Acres
1.5 Stories
$1,175,000
4,183
$281
5
7131 Parkhill Street
Kenneth Estates
0.23 Acre
Reverse
$1,175,000
3,806
$309
19
Blue Springs, Missouri $331,999
179 169 198
236 266
'23 Q1
284 277 243
214 200 174
'22 Q4
318
$315,384
191 171 192
299 291
$316,664
$339,760
$319,039
252 291
235 243
200
$322,184
299
300
Average Sale Price
$311,517
$303,134
356
$296,010
Sold
216 213 202
400
Contracted
318
New Listings
100
0
'21 Q4
'22 Q1
'22 Q3
'22 Q2
Blue Springs market trends for 2023 indicate an increase of 3% in average selling price, with the average topping out at $326,580. Blue Springs saw a 6% decrease in the number of contracted homes in 2023 compared to that of 2022. In addition, overall sales volume came in at $288 million, which is about 7% lower than that of 2022.
'23 Q2
'23 Q3
'23 Q4
The five highest priced home sales in Blue Springs for 2023 ranged from $1 million to $719,900 with an average of $204 per square foot. New construction sales volume decreased by about 9% to $46 million, with an average sales price of $439,357, up from $413,444 in 2022.
The three Blue Springs neighborhoods with the highest number of transactions were Cambridge Park, Keystone Estates and Lake Village.
Blue Springs New Construction Sales Volume 2011 - 2023 80,000,000
$72,674,199
60,000,000
$64,855,408 $39,236,376
$50,453,745
$36,603,229
40,000,000
$29,317,117
$46,132,453
$45,839,314 $41,702,806
$14,073,416
20,000,000
$7,946,807
$18,404,866
$12,663,106 0
'11
20
'12
'13
'14
'15
'16
'17
'18
'19
'20
'21
'22
'23
Blue Springs Neighborhoods with Highest Number of Sales Second Half 2023
#1
#2
#3
CAMBRIDGE PARK 18 SOLD AVG PRICE: $340,347 AVG SQ FT: 1,702 AVG PPSF: $200
KEYSTONE ESTATES 16 SOLD AVG PRICE: $233,228 AVG SQ FT: 1,599 AVG PPSF: $146
LAKE VILLAGE 14 SOLD AVG PRICE: $286,529 AVG SQ FT: 1,599 AVG PPSF: $139
3 1 2 4 5
Top 5 Sales for Blue Springs in 2023 Rank Address
Neighborhood
Lot Size
Style
Sales Price
Sq Footage
PPSF
1
29404 SE Moreland School Rd Moreland Hills
3.75 Acres
Reverse
$1,072,500
4,270
$251
2
4204 SE Willow Ridge Dr
Willow Tree
3 Acres
1.5 Stories
$865,000
5,801
$149
3
2714 NE Crestview St
Adams Pointe Village
0.34 Acre
2 Stories
$759,348
3,755
$202
4
817 SE Larue Street
Hoot Owl Ridge
0.31 Acre
1.5 Stories
$749,900
3,187
$235
5
8813 SE 1st Street
Chapman Farm - The Shores
0.26 Acres
Reverse
$719,900
3,954
$182
21
Lee's Summit, Missouri
633 615
705 546 650
516 451 403
477 475 538
$438,514
$402,788
600
400
$409,611
'22 Q2
'22 Q3
200
436 407 546 312
$407,775
793
800
$407,293
$434,965
$421,410
793
$378,037
'23 Q2
'23 Q3
392 586 362 534 410
$421,814
Average Sale Price
567 509 491
Sold
586 534 506
Contracted
339 304 422
New Listings
0 '21 Q4
'22 Q1
'22 Q4
Lee's Summit market trends for 2023 indicate an increase of 4% in average selling price, with the average topping out at $428,361. Lee's Summit saw a 6% decrease in the number of contracted homes in 2023 compared to 2022. In addition, overall sales volume came in at $737.6 million, which is about 14% lower than that of 2022.
'23 Q1
'23 Q4
The five highest priced home sales in Lee's Summit for 2023 ranged from $2.2 million to $1.5 million, with an average of $304 per square foot. New construction sales volume decreased by about 6% in 2023 to $202 million, with an average sales price of $550,758, up from $544,034 in 2022.
The three Lee's Summit neighborhoods with the highest number of transactions were Raintree, Lakewood and Eagle Creek.
Lee's Summit New Construction Sales Volume 2011 - 2023 250,000,000
$216,331,444 $184,464,737
200,000,000
$202,678,987 $130,371,756
150,000,000
$103,744,917 $86,324,569
100,000,000
$60,713,830
$176,080,609 $130,307,795
$115,379,946
$101,134,936 $83,225,713
50,000,000
$37,073,181 0
'11
22
'12
'13
'14
'15
'16
'17
'18
'19
'20
'21
'22
'23
Lee's Summit Neighborhoods with Highest Number of Sales Second Half 2023
#1
#2
#3
RAINTREE 53 SOLD AVG PRICE: $420,116 AVG SQ FT: 2,820 AVG PPSF: $149
LAKEWOOD 44 SOLD AVG PRICE: $540,205 AVG SQ FT: 3,242 AVG PPSF: $167
WOODSIDE RIDGE 28 SOLD AVG PRICE: $697,776 AVG SQ FT: 2,892 AVG PPSF: $241
3 1 4
5 2
Top 5 Sales for Lee's Summit in 2023 Rank
Address
Neighborhood
Lot Size
Style
Sales Price
Sq Footage
PPSF
1
400 NW Lakewood Blvd
Lakewood
16 Acres
1.5 Stories
$2,200,000
8,099
$272
2
1201 SW Corinthian Lane
New Longview
0.50 Acre
1.5 Stories
$1,700,000
5,124
$332
3
4951 NW Canyon Road
The Canyon
1.58 Acres
Reverse
$1,550,000
4,697
$330
4
23700 Colbern Road
Other
4 Acres
Reverse
$1,524,000
5,023
$303
5
106 NW Ambersham Dr
Woodside Ridge
0.32 Acre
1.5 Stories
$1,524,582
3,864
$394
23
Liberty, Missouri New Listings
$329,163
Contracted
$315,382
Sold
$346,747
Average Sale Price
$345,426
$365,344
$360,412
$378,928
$349,919
$343,489
'21 Q4
'22 Q1
'23 Q3
75 73 83
90
'23 Q2
'23 Q1
'22 Q4
Liberty market trends for 2023 indicate an increase of 3% in average selling price, with the average topping out at $355,590. Liberty saw a 17% decrease in the number of contracted homes in 2023 compared to 2022. In addition, overall sales volume came in at $150.7 million, which is about 16% lower than that of 2022.
131 111 134
0
155 130 116
50
128 113
160 151 156 '22 Q3
72 83 105
152 163 '22 Q2
100
118 119
100
149
150
140 126
194
200
'23 Q4
The five highest priced home sales in Liberty for 2023 ranged from $1.5 million to $900,000 with an average of $213 per square foot. New construction sales volume decreased by about 26% to $13.5 million, with an average sales price of $503,265, up from $482,881 in 2022.
The three Liberty neighborhoods with the highest number of transactions were Clay Meadows, Canterbury and Liberty.
25,000,000
Liberty New Construction Sales Volume 2011 - 2023 $21,369,346
20,000,000
$18,349,496
$15,610,393 $17,184,474
15,000,000
$10,069,285
5,000,000
$2,964,868
'11
24
$13,617,330
$13,588,165
$7,186,582 $5,793,317
0
$10,149,449
$8,665,294
10,000,000
'12
$5,884,458
'13
'14
'15
'16
'17
'18
'19
'20
'21
'22
'23
Liberty Neighborhoods with Highest Number of Sales Second Half 2023
#1
#2
#3
CLAY MEADOWS 14 SOLD AVG PRICE: $401,668 AVG SQ FT: 2,465 AVG PPSF: $163
CANTERBURY 12 SOLD AVG PRICE: $321,517 AVG SQ FT: 2,211 AVG PPSF: $163
WILSHIRE 9 SOLD AVG PRICE: $264,111 AVG SQ FT: 1,907 AVG PPSF: $138
5 2 3
1
4
Top 5 Sales for Liberty in 2023 Rank
Address
Neighborhood
Lot Size
Style
Sales Price
Sq Footage
PPSF
1
1700 Richfield Road
Other
22 Acres
1.5 Stories
$1,540,000
5,545
$278
2
824 Kings Ridge
Newtown Ridge
0.62 Acre
1.5 Stories
$1,132,470
5,545
$204
3
715 Westwoods Drive
Camelot
0.63 Acre
1.5 Stories
$965,000
8,726
$111
4
1804 Homestead Drive
Homestead
0.26 Acre
Reverse
$945,000
2,327
$406
5
316 Camelot Drive
Camelot
0.42 Acre
1.5 Stories
$899,000
4,225
$213
25
Parkville, Missouri Average Sale Price
$512,839
0
'21 Q4
'22 Q1
'23 Q1
'22 Q4
Parkville market trends for 2023 indicate an increase of 8% in average selling price, with the average topping out at $537,863. Parkville saw a 26% decrease in the number of contracted homes in 2023 compared to that in 2022. In addition, overall sales volume came in at $176.4 million, which is about 20% lower than that of 2022.
'23 Q2
62 60 63
72 '22 Q3
'22 Q2
73 65 88
110 107 122
153 161 143
90
125 130
115
54
50
75 85
100
$504,785
$486,515
$460,868 $404,452
$568,320
$489,912
200
150
$567,107
122 105 102
$530,774
Sold
72 73 75
Contracted
86
New Listings
'23 Q3
'23 Q4
The five highest priced home sales in Parkville for 2023 ranged from $2.8 million to $1.3 million, with an average of $314 per square foot. New construction sales volume decreased by about 22% to $54.3 million, with an average sales price of $554,859, up from $486,049 in that of 2022.
The three Parkville neighborhoods with the highest number of transactions were Thousand Oaks, Riss Lake and Chapel Ridge.
Parkville New Construction Sales Volume 2011 - 2023 $69,991,042
70,000,000
$69,662,717
60,000,000
$45,065,002
50,000,000
$38,392,022
40,000,000 30,000,000 20,000,000
$23,319,760
$38,041,193
$51,951,766
$59,994,239
54,376,143
$44,705,8396
$26,868,929
$14,110,672
10,000,000
$12,726,945
0
'11
26
'12
'13
'14
'15
'16
'17
'18
'19
'20
'21
'22
'23
Parkville Neighborhoods with Highest Number of Sales Second Half 2023
#1
#2
#3
THOUSAND OAKS 29 SOLD AVG PRICE: $624,186 AVG SQ FT: 3,326 AVG PPSF: $188
RISS LAKE 15 SOLD AVG PRICE: $690,808 AVG SQ FT: 4,138 AVG PPSF: $167
CHAPEL RIDGE 13 SOLD AVG PRICE: $571,660 AVG SQ FT: 2,904 AVG PPSF: $197
3 1 2 4
5
Top 5 Sales for Parkville in 2023 Rank
Address
Neighborhood
Lot Size
Style
Sales Price
Sq Footage
PPSF
1
6995 N National Drive
The National
0.62 Acre
1.5 Stories
$2,800,000
7,690
$364
2
6446 N National Drive
The National
0.56 Acre
Reverse
$1,675,000
6,770
$247
3
Lot 11 Chateau Court
The National
1.1 Acres
Reverse
$1,590,899
4,560
$349
4
7300 NW Pampas Lane
Estates at Chapel Hill
1.16 Acres
Reverse
$1,588,617
4,070
$390
5
6420 Bunker Hill
The National
0.32 Acre
Reverse
$1,300,000
5,871
$221
27
Raymore, Missouri New Listings
$380,087
Contracted
$366,505
$352,916
Average Sale Price
$400,264
$375,025
$370,382
$359,663
$391,595
$382,982
50
0
'21 Q4
'22 Q1
'22 Q3
'22 Q2
'23 Q1
'22 Q4
Raymore market trends for 2023 indicate an increase of 6% in average selling price, with the average topping out at $386,296. Raymore saw a 19% decrease in the number of contracted homes in 2023 compared to that of 2022. In addition, overall sales volume came in at $136.7 million, which is about 23% lower than 2022.
107 93
'23 Q2
98 79 90
134
130 108 104
83 73 67
65 72
97
104 98 109
127 134 143
150
151 123 132
161 152
198
200
100
Sold
'23 Q3
'23 Q4
The five highest priced home sales in Raymore for 2023 ranged from $1.3 million to $875,000, with an average of $281 per square foot. New construction sales volume decreased by about 26% to $30 million, with an average sales price of $536,581, up from $472,590 in 2022.
The three Raymore neighborhoods with the highest number of transactions were Edgewater at Creekmoor, Eastbrooke at Creekmoor, and Alexander Creek.
Raymore New Construction Sales Volume 2011 - 2023 60,000,000
$58,564,608
$53,527,971 $45,825,392
50,000,000
$45,094,629
40,000,000
$29,023,581
30,000,000
$15,265,321
$40,642,705
$32,836,572
$22,955,560
20,000,000 10,000,000
$43,199,703
$30,048,549
$19,323,890
$12,293,929
0
'11
28
'12
'13
'14
'15
'16
'17
'18
'19
'20
'21
'22
'23
Raymore Neighborhoods with Highest Number of Sales Second Half 2023
#1
#2
EDGEWATER AT CREEKMOOR 46 SOLD AVG PRICE: $569,631 AVG SQ FT: 2,798 AVG PPSF: $204
#3
EASTBROOKE AT CREEKMOOR 10 SOLD AVG PRICE: $380,967 AVG SQ FT: 1,560 AVG PPSF: $244
2
ALEXANDER CREEK 9 SOLD AVG PRICE: $343,633 AVG SQ FT: 1,737 AVG PPSF: $198
1 5
3 4
Top 5 Sales for Raymore in 2023 Rank
Address
Neighborhood
Lot Size
Style
Sales Price
Sq Footage
PPSF
1
1205 Edgewater Court
Edgewater at Creekmoor
0.67 Acre
Reverse
$1,348,923
3,614
$373
2
1204 Edgewater Court
Edgewater at Creekmoor
0.46 Acre
Reverse
$1,157,182
3,177
$364
3
1211 Granton Lane
Edgewater at Creekmoor
0.42 Acre
Reverse
$987,500
3,444
$287
4
1208 Lakecrest Circle
Edgewater at Creekmoor
0.35 Acre
1.5 Stories
$885,000
4,588
$193
5
1409 Kensington Lane
Edgewater at Creekmoor
0.48 Acre
1.5 Stories
$875,000
4,644
$188
29
A Recap of our KC Fall Parade of Homes Gold Winners ASHLAR HOMES Pick of the Parade
HOMES BY CHRIS Pick of the Parade
PCDI HOMES Pick of the Parade
AUTHENTIC HOMES Pick of the Parade
J.S. ROBINSON FINE HOMES Pick of the Parade & Distinctive Design (2)
ROB WASHAM HOMES Distinctive Design
C&M BUILDERS, INC. Pick of the Parade & Distinctive Design
JAMES ENGLE CUSTOM HOMES Pick of the Parade (5) & Distinctive Design (2)
RODROCK HOMES LLC Pick of the Parade (5) & Distinctive Design (3)
DCB HOMES Distinctive Design
JFE CONSTRUCTION Pick of the Parade & Distinctive Design
ROESER HOMES Pick of the Parade & Distinctive Design (2)
DON JULIAN BUILDERS, INC. Pick of the Parade (4) & Distinctive Design (3)
JW BUILD Distinctive Design
SAB CONSTRUCTION Pick of the Parade (7) & Distinctive Design (4)
DOYLE CONSTRUCTION COMPANY Distinctive Design
LAMBIE HOMES, LLC Pick of the Parade & Distinctive Design
STARR HOMES Pick of the Parade & Distinctive Design
DREAMS & DESIGN BUILDING Pick of the Parade & Distinctive Design
MOJO BUILT Pick of the Parade
SUMA DESIGN Pick of the Parade
ELEVATE DESIGN + BUILD Pick of the Parade & Distinctive Design
NEW MARK HOMES KC Pick of the Parade (2) & Distinctive Design
WILLIS CUSTOM HOMES Pick of the Parade & Distinctive Design
GARY KERNS HOMEBUILDERS Pick of the Parade & Distinctive Design
OWEN HOMES Distinctive Design
H&J CUSTOM HOME BUILDERS Pick of the Parade
PAULI HOMES Pick of the Parade
MOJO BUILT
30
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