Is Des Moines, WA 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 has remained a Seller's Market.
Housing Prices in Des Moines, WA
How much do homes in Des Moines, WA cost?
Median Sold Price
$575,000
$372/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Des Moines was $575,000 in May 2024, up 2.5% from last year, and the median price per square foot was $372.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $250K | $255K | +2.0% |
2 Bedrooms | $416K | $414K | -0.5% |
3 Bedrooms | $565K | $588K | +4.1% |
4 Bedrooms | $715K | $670K | -6.3% |
5+ Bedrooms | $750K | $750K | 0.0% |
Summary: Des Moines housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2%, 2 bedroom homes decreased by 0.5%, 3 bedroom homes increased by 4.1%, 4 bedroom homes decreased by 6.3%, and 5+ bedroom homes did not change.
Housing Supply in Des Moines, WA
How many homes are available in Des Moines, WA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
89 | 109 | +22.5% |
Summary: The Des Moines real estate market had 109 homes for sale in May 2024, a 22.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 2 | +100.0% |
2 Bedrooms | 19 | 24 | +26.3% |
3 Bedrooms | 39 | 44 | +12.8% |
4 Bedrooms | 27 | 35 | +29.6% |
5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Des Moines housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 26.3%, 3 bedroom homes increased by 12.8%, 4 bedroom homes increased by 29.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
33 | 21 | -36.4% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Summary: A total of 21 homes were sold or pending in Des Moines in May 2024, down by 36.4% month-over-month. Of the 21 sold homes, 24% were sold under asking, 19% were sold at asking, and 57% were sold over asking.
Days on Market for Des Moines, WA
How long does it take to sell a home in Des Moines, WA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
13 Days | 15 Days | +10.2% |
Summary: Homes in Des Moines had an average of 15 days on market in May 2024, up by 10.2% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 21 homes were sold in Des Moines; 86% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.