Is Des Moines, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Des Moines is a seller's market

Buyer's
Market

Difference Since July 2021

Since last year, Des Moines has remained a Seller's Market.

Key Takeaway

Des Moines is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Des Moines, WA cost?

Median Sold Price

$564,285

$362/sqft

Based on all homes sold in the last 12 months.

Difference Since July 2021

+$57,686(+11.4%)

Key Takeaway

Homes in Des Moines have sold for 11.4% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSJul 2021Jul 2022%
1 $329.5K$225K
-31.7%
2 $378K$408.5K
+8.1%
3 $500K$549.2K
+9.8%
4 $579.5K$678.5K
+17.1%
5+ $615K$795.5K
+29.3%

Median Sold Price Compared To Nearby Cities

Normandy Park
+33.0%
Kent
+20.6%
Burien
+20.4%
SeaTac
+14.8%
Des Moines
+11.4%

How many homes are available in Des Moines, WA?

Number of Homes For Sale

Jun 2022Jul 2022%
127124-2.4%

Homes For Sale By Bedroom Count

# BEDSJun 2022Jul 2022%
1 65
-16.7%
2 3339
+18.2%
3 5045
-10.0%
4 2927
-6.9%
5+ 98
-11.1%

Number of Homes Sold

Jun 2022Jul 2022%
5536-34.5%

Asking Price vs. Sold Price

12 Homes Were Sold
Under Asking

11 Homes Were Sold
At Asking

13 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Des Moines, you could pay more than the asking price. 36.1% of homes here sold above asking price last month.

Average Sale Time

Jul 2021Jul 2022%
12 Days15 Days+31.4%

Breakdown of Home Sale Times

31 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Des Moines are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Des Moines, WA

Number of homes for sale in Des Moines, WA real estate market have reached 124. The inventory of homes for sale in Des Moines, WA between June 2022 and July 2022 decreased by 2.4%. The median list price of listings available in July 2022 was $564,285, while the average time on the real estate market was 15 days. Real estate listing prices changed between June 2022 and July 2022: 1 bedroom properties became 31.7% more cheaper, prices of 2 bedrooms properties went up by 8.1%, the cost of 3 bedrooms properties went up by 9.8%, the cost of 4 bedrooms properties went up by 17.1%, 5 bedrooms properties prices increased by 29.3%. Housing inventory have changed in this real estate market: volume of 1 bedroom homes went down by 16.7%, volume of 2 bedrooms homes went up by 18.2%, the quantity of 3 bedrooms homes went down by 10%, the quantity of 4 bedrooms homes went down by 6.9%, number of 5 bedrooms homes decreased by 11.1%. In July 2022 more than 13 listings in Des Moines, WA were sold above the asking price. During the same period more than 11 listings were sold at asking price, while more than 12 were sold below.

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