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
$209,970
$186/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 $209,970 in May 2024, up 6.4% from last year, and the median price per square foot was $186.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $130K | $122.5K | -5.8% |
2 Bedrooms | $155K | $163K | +5.2% |
3 Bedrooms | $209.9K | $225K | +7.2% |
4 Bedrooms | $242.5K | $261.5K | +7.9% |
5+ Bedrooms | $300K | $317K | +5.7% |
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 5.8%, 2 bedroom homes increased by 5.2%, 3 bedroom homes increased by 7.2%, 4 bedroom homes increased by 7.9%, and 5+ bedroom homes increased by 5.7%.
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 |
---|---|---|
1,009 | 996 | -1.3% |
Summary: The Des Moines Township real estate market had 996 homes for sale in May 2024, a 1.3% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 30 | 36 | +20.0% |
2 Bedrooms | 287 | 263 | -8.4% |
3 Bedrooms | 452 | 453 | 0.2% |
4 Bedrooms | 176 | 189 | +7.4% |
5+ Bedrooms | 64 | 55 | -14.1% |
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 20%, 2 bedroom homes decreased by 8.4%, 3 bedroom homes increased by 0.2%, 4 bedroom homes increased by 7.4%, and 5+ bedroom homes decreased by 14.1%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
277 | 256 | -7.6% |
Asking Price vs. Sold Price
119 Homes Were Sold
Under Asking
68 Homes Were Sold
At Asking
69 Homes Were Sold
Over Asking
Summary: A total of 256 homes were sold or pending in Des Moines Township in May 2024, down by 7.6% month-over-month. Of the 256 sold homes, 46% were sold under asking, 27% 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 | 29 Days | +17.1% |
Summary: Homes in Des Moines Township had an average of 29 days on market in May 2024, up by 17.1% compared to last year.
Breakdown of Home Sale Times
190 Homes Were Sold
Under 30 Days
41 Homes Were Sold
In 30 - 90 Days
25 Homes Were Sold
Over 90 Days
Summary: During May 2024, 256 homes were sold in Des Moines Township; 74% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.