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 March 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
$312,130
$197/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in West Des Moines have sold for 9.2% more than they did a year ago.
Summary: The median home sold price in West Des Moines was $312,130 in March 2024, up 9.2% from last year, and the median price per square foot was $197.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $136.4K | $107.5K | -21.2% |
| 2 Bedrooms | $179.9K | $200K | +11.2% |
| 3 Bedrooms | $286.3K | $309.6K | +8.1% |
| 4 Bedrooms | $375K | $389.9K | +4.0% |
| 5+ Bedrooms | $547K | $550K | 0.5% |
Summary: West Des Moines housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 21.2%, 2 bedroom homes increased by 11.2%, 3 bedroom homes increased by 8.1%, 4 bedroom homes increased by 4%, and 5+ bedroom homes increased by 0.5%.
Median Sold Price Compared To Nearby Cities
| Clive | $393.5K | $450K | +14.4% |
| West Des Moines | $285.8K | $312.1K | +9.2% |
| Walnut Township | $290K | $300K | +3.4% |
| Boone Township | $337.5K | $346.3K | +2.6% |
| Cumming | $562.5K | $527K | -6.3% |
Housing Supply in West Des Moines, IA
How many homes are available in West Des Moines, IA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 291 | 308 | +5.8% |
Summary: The West Des Moines real estate market had 308 homes for sale in March 2024, a 5.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 59 | 53 | -10.2% |
| 3 Bedrooms | 119 | 122 | +2.5% |
| 4 Bedrooms | 82 | 98 | +19.5% |
| 5+ Bedrooms | 31 | 34 | +9.7% |
Summary: The West Des Moines housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 10.2%, 3 bedroom homes increased by 2.5%, 4 bedroom homes increased by 19.5%, and 5+ bedroom homes increased by 9.7%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 58 | 73 | +25.9% |
Asking Price vs. Sold Price
43 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
18 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. 58.9% of homes here sold below asking price last month.
Summary: A total of 73 homes were sold or pending in West Des Moines in March 2024, up by 25.9% month-over-month. Of the 73 sold homes, 59% were sold under asking, 16% were sold at asking, and 25% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 48 Days | 49 Days | +1.2% |
Summary: Homes in West Des Moines had an average of 49 days on market in Mar 2024, up by 1.2% compared to last year.
Breakdown of Home Sale Times
40 Homes Were Sold
Under 30 Days
18 Homes Were Sold
In 30 - 90 Days
15 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 March 2024, 73 homes were sold in West Des Moines; 55% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.
