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 March 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
$206,848
$184/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Des Moines Township have sold for 3.8% more than they did a year ago.
Summary: The median home sold price in Des Moines Township was $206,848 in March 2024, up 3.8% from last year, and the median price per square foot was $184.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $161.5K | $124.9K | -22.7% |
| 2 Bedrooms | $155K | $162K | +4.5% |
| 3 Bedrooms | $206K | $220.4K | +7.0% |
| 4 Bedrooms | $238K | $256.5K | +7.8% |
| 5+ Bedrooms | $252.4K | $300K | +18.8% |
Summary: Des Moines Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 22.7%, 2 bedroom homes increased by 4.5%, 3 bedroom homes increased by 7%, 4 bedroom homes increased by 7.8%, and 5+ bedroom homes increased by 18.8%.
Housing Supply in Des Moines Township, IA
How many homes are available in Des Moines Township, IA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 822 | 889 | +8.2% |
Summary: The Des Moines Township real estate market had 889 homes for sale in March 2024, a 8.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 31 | 30 | -3.2% |
| 2 Bedrooms | 228 | 248 | +8.8% |
| 3 Bedrooms | 360 | 387 | +7.5% |
| 4 Bedrooms | 154 | 165 | +7.1% |
| 5+ Bedrooms | 49 | 59 | +20.4% |
Summary: The Des Moines Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 3.2%, 2 bedroom homes increased by 8.8%, 3 bedroom homes increased by 7.5%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes increased by 20.4%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 158 | 233 | +47.5% |
Asking Price vs. Sold Price
121 Homes Were Sold
Under Asking
57 Homes Were Sold
At Asking
55 Homes Were Sold
Over Asking
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 233 homes were sold or pending in Des Moines Township in March 2024, up by 47.5% month-over-month. Of the 233 sold homes, 52% were sold under asking, 24% were sold at asking, and 24% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 41 Days | 42 Days | +3.8% |
Summary: Homes in Des Moines Township had an average of 42 days on market in Mar 2024, up by 3.8% compared to last year.
Breakdown of Home Sale Times
141 Homes Were Sold
Under 30 Days
54 Homes Were Sold
In 30 - 90 Days
38 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Des Moines Township are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 233 homes were sold in Des Moines Township; 61% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.
