Is Des Moines Township, IA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Des Moines Township is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Des Moines Township has remained a Seller's Market.

Key Takeaway

Des Moines Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Des Moines Township, IA

How much do homes in Des Moines Township, IA cost?

Median Sold Price

$211,821

$188/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$12,279(+6.2%)

Key Takeaway

Homes in Des Moines Township have sold for 6.2% more than they did a year ago.

Summary: The median home sold price in Des Moines Township was $211,821 in October 2024, up 6.2% from last year, and the median price per square foot was $188.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $131K$123.2K
-6.0%
2 $155K$164.9K
+6.4%
3 $212.6K$225K
+5.8%
4 $245K$274.9K
+12.2%
5+ $286.2K$315K
+10.0%

Summary: Des Moines Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6%, 2 bedroom homes increased by 6.4%, 3 bedroom homes increased by 5.8%, 4 bedroom homes increased by 12.2%, and 5+ bedroom homes increased by 10%.

Median Sold Price Compared To Nearby Cities

Boone
+8.6%
Des Moines Township
+6.2%

Housing Supply in Des Moines Township, IA

How many homes are available in Des Moines Township, IA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1,1551,230+6.5%

Summary: The Des Moines Township real estate market had 1,230 homes for sale in October 2024, a 6.5% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 3238
+18.8%
2 314334
+6.4%
3 515540
+4.9%
4 219241
+10.0%
5+ 7577
+2.7%

Summary: The Des Moines Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 18.8%, 2 bedroom homes increased by 6.4%, 3 bedroom homes increased by 4.9%, 4 bedroom homes increased by 10%, and 5+ bedroom homes increased by 2.7%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
230255+10.9%

Asking Price vs. Sold Price

150 Homes Were Sold
Under Asking

64 Homes Were Sold
At Asking

41 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Des Moines Township, you may be able to get a good deal. 58.8% of homes here sold below asking price last month.

Summary: A total of 255 homes were sold or pending in Des Moines Township in October 2024, up by 10.9% month-over-month. Of the 255 sold homes, 59% were sold under asking, 25% were sold at asking, and 16% 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

Oct 2023Oct 2024CHANGE
29 Days33 Days+16.0%

Summary: Homes in Des Moines Township had an average of 33 days on market in Oct 2024, up by 16% compared to last year.

Breakdown of Home Sale Times

164 Homes Were Sold
Under 30 Days

66 Homes Were Sold
In 30 - 90 Days

25 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Des Moines Township are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 255 homes were sold in Des Moines Township; 64% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 4 Days Ago

Newest Listings in Des Moines Township, IA

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