$5,047 Closing Credit*
$425,000
922 SqFt
1 Bed
•1 Bath
Elinor Dofredo, Listing Office: COMPASS
Is Des Moines, WA 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, WA
How much do homes in Des Moines, WA cost?
Median Sold Price
$600,000
$364/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$35,000(+6.2%)
Key Takeaway
Homes in Des Moines have sold for 6.2% more than they did a year ago.
Summary: The median home sold price in Des Moines was $600,000 in November 2024, up 6.2% from last year, and the median price per square foot was $364.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $265K | $230.5K | -13.0% |
| 2 Bedrooms | $399.5K | $450K | +12.6% |
| 3 Bedrooms | $570K | $615K | +7.9% |
| 4 Bedrooms | $672.5K | $676.4K | +0.6% |
| 5+ Bedrooms | $710K | $807.9K | +13.8% |
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 13%, 2 bedroom homes increased by 12.6%, 3 bedroom homes increased by 7.9%, 4 bedroom homes increased by 0.6%, and 5+ bedroom homes increased by 13.8%.
Housing Supply in Des Moines, WA
How many homes are available in Des Moines, WA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 121 | 109 | -9.9% |
Summary: The Des Moines real estate market had 109 homes for sale in November 2024, a 9.9% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 3 | -40.0% |
| 2 Bedrooms | 41 | 35 | -14.6% |
| 3 Bedrooms | 34 | 35 | +2.9% |
| 4 Bedrooms | 25 | 25 | 0.0% |
| 5+ Bedrooms | 16 | 11 | -31.3% |
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 40%, 2 bedroom homes decreased by 14.6%, 3 bedroom homes increased by 2.9%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 31.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 34 | 22 | -35.3% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
8 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. 36.4% of homes here sold below asking price last month.
Summary: A total of 22 homes were sold or pending in Des Moines in November 2024, down by 35.3% month-over-month. Of the 22 sold homes, 36% were sold under asking, 27% were sold at asking, and 36% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 16 Days | 46 Days | +178.6% |
Summary: Homes in Des Moines had an average of 46 days on market in Nov 2024, up by 178.6% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
5 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, 22 homes were sold in Des Moines; 55% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 23% of homes were sold over 90 days.
Listings courtesy of Northwest Multiple Listing Service as distributed by MLS GRID.
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Northwest MLS IDX. Real estate listings held by other brokerage firms are marked with the green "three trees" logo and includes the name of the listing broker(s). Copyright © 2024 Northwest MLS. All rights reserved.