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 February 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

$205,653

$183/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$5,699(+2.9%)

Key Takeaway

Homes in Des Moines Township have sold for 2.9% more than they did a year ago.

Summary: The median home sold price in Des Moines Township was $205,653 in February 2024, up 2.9% from last year, and the median price per square foot was $183.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $175K$124.4K
-28.9%
2 $161.5K$160K
-0.9%
3 $209.9K$220.8K
+5.2%
4 $250K$250.6K
0.3%
5+ $292.5K$299.9K
+2.5%

Summary: Des Moines Township housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 28.9%, 2 bedroom homes decreased by 0.9%, 3 bedroom homes increased by 5.2%, 4 bedroom homes increased by 0.3%, and 5+ bedroom homes increased by 2.5%.

Median Sold Price Compared To Nearby Cities

Des Moines
+8.2%
Lee Township
+5.7%
Webster Township
+4.0%
Des Moines Township
+2.9%
Saylor Township
-5.9%

Housing Supply in Des Moines Township, IA

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

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
782752-3.8%

Summary: The Des Moines Township real estate market had 752 homes for sale in February 2024, a 3.8% decrease compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 2430
+25.0%
2 212206
-2.8%
3 346325
-6.1%
4 159148
-6.9%
5+ 4143
+4.9%

Summary: The Des Moines Township housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes decreased by 2.8%, 3 bedroom homes decreased by 6.1%, 4 bedroom homes decreased by 6.9%, and 5+ bedroom homes increased by 4.9%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
163135-17.2%

Asking Price vs. Sold Price

70 Homes Were Sold
Under Asking

39 Homes Were Sold
At Asking

26 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. 51.9% of homes here sold below asking price last month.

Summary: A total of 135 homes were sold or pending in Des Moines Township in February 2024, down by 17.2% month-over-month. Of the 135 sold homes, 52% were sold under asking, 29% were sold at asking, and 19% 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

Feb 2023Feb 2024CHANGE
41 Days36 Days-11.5%

Summary: Homes in Des Moines Township had an average of 36 days on market in Feb 2024, down by 11.5% compared to last year.

Breakdown of Home Sale Times

81 Homes Were Sold
Under 30 Days

35 Homes Were Sold
In 30 - 90 Days

19 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 February 2024, 135 homes were sold in Des Moines Township; 60% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 14% 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 27 Days Ago

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