Is Des Moines Township, IA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, Des Moines Township has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $175K | $124.4K | -28.9% |
2 Bedrooms | $161.5K | $160K | -0.9% |
3 Bedrooms | $209.9K | $220.8K | +5.2% |
4 Bedrooms | $250K | $250.6K | 0.3% |
5+ Bedrooms | $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 | $190.5K | $206.2K | +8.2% |
Lee Township | $169.3K | $179K | +5.7% |
Webster Township | $293.7K | $305.5K | +4.0% |
Des Moines Township | $199.9K | $205.6K | +2.9% |
Saylor Township | $265.7K | $250K | -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 2024 | Feb 2024 | CHANGE |
---|---|---|
782 | 752 | -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
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 24 | 30 | +25.0% |
2 Bedrooms | 212 | 206 | -2.8% |
3 Bedrooms | 346 | 325 | -6.1% |
4 Bedrooms | 159 | 148 | -6.9% |
5+ Bedrooms | 41 | 43 | +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 2024 | Feb 2024 | CHANGE |
---|---|---|
163 | 135 | -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
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 2023 | Feb 2024 | CHANGE |
---|---|---|
41 Days | 36 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
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.