$2,968 Closing Credit*
$249,900
892 SqFt
3 Beds
•1 Full Bath
Jaemi Poncy, Listing Office: RE/MAX Revolution
Is West Des Moines, IA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, West Des Moines has remained a Seller's Market.
Key Takeaway
West Des Moines is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in West Des Moines, IA
How much do homes in West Des Moines, IA cost?
Median Sold Price
$311,297
$199/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$11,297(+3.8%)
Key Takeaway
Homes in West Des Moines have sold for 3.8% more than they did a year ago.
Summary: The median home sold price in West Des Moines was $311,297 in October 2024, up 3.8% from last year, and the median price per square foot was $199.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $111.2K | $168.5K | +51.5% |
| 2 Bedrooms | $195K | $197K | +1.0% |
| 3 Bedrooms | $299.9K | $303.8K | +1.3% |
| 4 Bedrooms | $382.8K | $414K | +8.1% |
| 5+ Bedrooms | $550K | $587.4K | +6.8% |
Summary: West Des Moines housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 51.5%, 2 bedroom homes increased by 1%, 3 bedroom homes increased by 1.3%, 4 bedroom homes increased by 8.1%, and 5+ bedroom homes increased by 6.8%.
Median Sold Price Compared To Nearby Cities
| Cumming | $535K | $560K | +4.7% |
| Boone Township | $329.9K | $344.8K | +4.5% |
| West Des Moines | $300K | $311.2K | +3.8% |
| Walnut Township | $293.2K | $300K | +2.3% |
| Clive | $450K | $415.3K | -7.7% |
Housing Supply in West Des Moines, IA
How many homes are available in West Des Moines, IA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 398 | 414 | +4.0% |
Summary: The West Des Moines real estate market had 414 homes for sale in October 2024, a 4.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 69 | 79 | +14.5% |
| 3 Bedrooms | 149 | 156 | +4.7% |
| 4 Bedrooms | 129 | 131 | +1.6% |
| 5+ Bedrooms | 49 | 46 | -6.1% |
Summary: The West Des Moines housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 14.5%, 3 bedroom homes increased by 4.7%, 4 bedroom homes increased by 1.6%, and 5+ bedroom homes decreased by 6.1%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 75 | 74 | -1.3% |
Asking Price vs. Sold Price
48 Homes Were Sold
Under Asking
16 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in West Des Moines, you may be able to get a good deal. 64.9% of homes here sold below asking price last month.
Summary: A total of 74 homes were sold or pending in West Des Moines in October 2024, down by 1.3% month-over-month. Of the 74 sold homes, 65% were sold under asking, 22% were sold at asking, and 14% were sold over asking.
Days on Market for West Des Moines, IA
How long does it take to sell a home in West Des Moines, IA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 25 Days | 30 Days | +22.2% |
Summary: Homes in West Des Moines had an average of 30 days on market in Oct 2024, up by 22.2% compared to last year.
Breakdown of Home Sale Times
50 Homes Were Sold
Under 30 Days
17 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in West Des Moines are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 74 homes were sold in West Des Moines; 68% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
