Des Moines Housing Market Report March 2025•Polk County, Iowa

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Housing Prices in Des Moines, IA

How much do homes in Des Moines, IA cost?

Housing Market Conditions

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

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

Des Moines is a Seller's Market

Difference Since March 2024

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

Insight

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

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$215,179$191/SqFt
+$7,307
+3.5%

Based on all homes sold in the last 12 months

Insight

Homes in Des Moines have sold for 3.5% more than they did a year ago.

Summary: The median home sold price in Des Moines was $215,179 in March 2025, up 3.5% from last year, and the median price per square foot was $191.

Median Sold Price By Cities

Median Sold Price By Cities
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
Lee Township
+4.4%
Des Moines Township
+3.8%
Des Moines
+3.5%
Bloomfield Township
+3.3%
Allen Township
-1.5%

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsMar 2024Mar 2025Change YoY
1$123.9K$140K
+13.0%
2$162K$167.8K
+3.6%
3$221.2K$229K
+3.5%
4$258.3K$275K
+6.5%
5$323K$312.5K
-3.3%

Summary: Des Moines housing price by bedroom type for March 2025, compared to the previous year. The home price for 1 bedroom homes increased by +13.0%. The home price for 2 bedroom homes increased by +3.6%. The home price for 3 bedroom homes increased by +3.5%. The home price for 4 bedroom homes increased by +6.5%. The home price for 5 bedroom homes decreased by -3.3%.

How does Des Moines, IA compare with other places?

Market comparison tool

Data and numbers shown are subject to change and may vary based on different timeframes.

Des Moines, IA

Housing supply in Des Moines, IA

How many homes are available in Des Moines, IA?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
1,086Last MonthMar 2025
1,0222 months agoFeb 2025
+6.3 %
Change MoMFeb – Mar

Summary: The Des Moines real estate market had 1,086 homes for sale in Mar 2025, a 6.3 % increase compared to Feb 2025.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
201Last MonthMar 2025
1682 months agoFeb 2025
+19.6 %
Change MoMFeb – Mar

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsFeb 2025Mar 2025Change MoM
13842
+10.5%
2271280
+3.3%
3454493
+8.6%
4205213
+3.9%
55458
+7.4%

Summary: Des Moines housing inventory by bedroom type for March 2025, compared to the previous month. The inventory for 1 bedroom homes increased by +10.5%. The inventory for 2 bedroom homes increased by +3.3%. The inventory for 3 bedroom homes increased by +8.6%. The inventory for 4 bedroom homes increased by +3.9%. The inventory for 5 bedroom homes increased by +7.4%.

Asking Price vs. Sold Price

How much do homes in Des Moines, IA cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price35 Homes

At Asking Price42 Homes

Under Asking Price124 Homes

Insight

If you're buying a home in Des Moines, you may be able to get a good deal. 61.7% of homes here sold below asking price last month.

Summary: A total of 201 homes were sold or pending in Des Moines in March 2025, up by 19.6% month-over-month. Of the 201 sold homes, 62% were sold under asking, 21% were sold at asking, and 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?

Breakdown of Home Sale Times

Under 30 Days112 Homes

30 – 90 Days49 Homes

Over 90 Days40 Homes

Insight

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

Summary: During March 2025, 201 homes were sold in Des Moines; 56% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange YoY
47 DaysThis YearMar 2025
42 Days1 year agoMar 2024
+10.6 %
Change YoYMar 2024 – Mar 2025

Summary: Homes in Des Moines had an average listing age of 47 days in Mar 2025, up by 10.6% compared to the previous year.

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Newest Listings in Des Moines, IA

What homes are available in Des Moines, IA?

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Nearby markets

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MLS Disclaimers and Copyright

Based on information from Des Moines MLS, for the period 04/01/2023 - 04/01/2025

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange of the Des Moines Area Association of Realtors. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright© 2025 Des Moines Area Association of Realtors. All Rights Reserved
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/4/2025, 6:20:50 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.