Is Des Moines Township, IA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Des Moines Township has remained a Seller's Market.
Housing Prices in Des Moines Township, IA
How much do homes in Des Moines Township, IA cost?
Median Sold Price
$207,342
$184/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Des Moines Township was $207,342 in May 2024, up 6.3% from last year, and the median price per square foot was $184.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $129.9K | $123.2K | -5.2% |
2 Bedrooms | $154.2K | $162.4K | +5.4% |
3 Bedrooms | $207.7K | $222.6K | +7.2% |
4 Bedrooms | $240.3K | $259.9K | +8.2% |
5+ Bedrooms | $315K | $306K | -2.9% |
Summary: Des Moines Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.2%, 2 bedroom homes increased by 5.4%, 3 bedroom homes increased by 7.2%, 4 bedroom homes increased by 8.2%, and 5+ bedroom homes decreased by 2.9%.
Median Sold Price Compared To Nearby Cities
Yell Township | $159.9K | $171.2K | +7.1% |
Des Moines Township | $195K | $207.3K | +6.3% |
Boone | $181.2K | $185K | +2.1% |
Housing Supply in Des Moines Township, IA
How many homes are available in Des Moines Township, IA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
1,072 | 1,045 | -2.5% |
Summary: The Des Moines Township real estate market had 1,045 homes for sale in May 2024, a 2.5% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 31 | 36 | +16.1% |
2 Bedrooms | 306 | 279 | -8.8% |
3 Bedrooms | 480 | 470 | -2.1% |
4 Bedrooms | 186 | 201 | +8.1% |
5+ Bedrooms | 69 | 59 | -14.5% |
Summary: The Des Moines Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 16.1%, 2 bedroom homes decreased by 8.8%, 3 bedroom homes decreased by 2.1%, 4 bedroom homes increased by 8.1%, and 5+ bedroom homes decreased by 14.5%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
298 | 267 | -10.4% |
Asking Price vs. Sold Price
124 Homes Were Sold
Under Asking
70 Homes Were Sold
At Asking
73 Homes Were Sold
Over Asking
Summary: A total of 267 homes were sold or pending in Des Moines Township in May 2024, down by 10.4% month-over-month. Of the 267 sold homes, 46% were sold under asking, 26% were sold at asking, and 27% were sold over asking.
Days on Market for Des Moines Township, IA
How long does it take to sell a home in Des Moines Township, IA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
25 Days | 31 Days | +24.0% |
Summary: Homes in Des Moines Township had an average of 31 days on market in May 2024, up by 24% compared to last year.
Breakdown of Home Sale Times
195 Homes Were Sold
Under 30 Days
43 Homes Were Sold
In 30 - 90 Days
29 Homes Were Sold
Over 90 Days
Summary: During May 2024, 267 homes were sold in Des Moines Township; 73% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.