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.
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
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
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
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.