$3,652 Closing Credit*
$307,500
1,323 SqFt
3 Beds
•2 Full Baths
Brandy Laiblin, Listing Office: RE/MAX Revolution
Is Des Moines, IA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Des Moines has remained a Seller's Market.
Key Takeaway
Des Moines is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Des Moines, IA
How much do homes in Des Moines, IA cost?
Median Sold Price
$215,000
$190/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$13,916(+6.9%)
Key Takeaway
Homes in Des Moines have sold for 6.9% more than they did a year ago.
Summary: The median home sold price in Des Moines was $215,000 in November 2024, up 6.9% from last year, and the median price per square foot was $190.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $130.1K | $122.5K | -5.8% |
| 2 Bedrooms | $158.3K | $165.7K | +4.6% |
| 3 Bedrooms | $215.6K | $225.3K | +4.5% |
| 4 Bedrooms | $250K | $277.5K | +11.0% |
| 5+ Bedrooms | $288.7K | $324.8K | +12.5% |
Summary: Des Moines housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.8%, 2 bedroom homes increased by 4.6%, 3 bedroom homes increased by 4.5%, 4 bedroom homes increased by 11%, and 5+ bedroom homes increased by 12.5%.
Median Sold Price Compared To Nearby Cities
| Des Moines Township | $200.2K | $214.9K | +7.4% |
| Lee Township | $174.9K | $187.6K | +7.3% |
| Des Moines | $201K | $215K | +6.9% |
| Bloomfield Township | $203.1K | $215K | +5.8% |
| Allen Township | $330K | $329.4K | -0.2% |
Housing Supply in Des Moines, IA
How many homes are available in Des Moines, IA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 1,159 | 1,099 | -5.2% |
Summary: The Des Moines real estate market had 1,099 homes for sale in November 2024, a 5.2% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 37 | 32 | -13.5% |
| 2 Bedrooms | 314 | 289 | -8.0% |
| 3 Bedrooms | 518 | 505 | -2.5% |
| 4 Bedrooms | 227 | 213 | -6.2% |
| 5+ Bedrooms | 63 | 60 | -4.8% |
Summary: The Des Moines housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 13.5%, 2 bedroom homes decreased by 8%, 3 bedroom homes decreased by 2.5%, 4 bedroom homes decreased by 6.2%, and 5+ bedroom homes decreased by 4.8%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 253 | 205 | -19.0% |
Asking Price vs. Sold Price
122 Homes Were Sold
Under Asking
49 Homes Were Sold
At Asking
34 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Des Moines, you may be able to get a good deal. 59.5% of homes here sold below asking price last month.
Summary: A total of 205 homes were sold or pending in Des Moines in November 2024, down by 19.0% month-over-month. Of the 205 sold homes, 60% were sold under asking, 24% were sold at asking, and 17% were sold over asking.
Days on Market for Des Moines, IA
How long does it take to sell a home in Des Moines, IA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 26 Days | 34 Days | +29.4% |
Summary: Homes in Des Moines had an average of 34 days on market in Nov 2024, up by 29.4% compared to last year.
Breakdown of Home Sale Times
132 Homes Were Sold
Under 30 Days
52 Homes Were Sold
In 30 - 90 Days
21 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Des Moines are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 205 homes were sold in Des Moines; 64% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
