Is Des Moines, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Des Moines has remained a Seller's Market.
Housing Prices in Des Moines, WA
How much do homes in Des Moines, WA cost?
Median Sold Price
$568,975
$373/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Des Moines was $568,975 in April 2024, up 0.6% from last year, and the median price per square foot was $373.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $250K | $255K | +2.0% |
2 Bedrooms | $415K | $412.5K | -0.6% |
3 Bedrooms | $565K | $577.2K | +2.2% |
4 Bedrooms | $725K | $664.9K | -8.3% |
5+ Bedrooms | $880K | $735K | -16.5% |
Summary: Des Moines housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2%, 2 bedroom homes decreased by 0.6%, 3 bedroom homes increased by 2.2%, 4 bedroom homes decreased by 8.3%, and 5+ bedroom homes decreased by 16.5%.
Housing Supply in Des Moines, WA
How many homes are available in Des Moines, WA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
77 | 91 | +18.2% |
Summary: The Des Moines real estate market had 91 homes for sale in April 2024, a 18.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 19 | 18 | -5.3% |
3 Bedrooms | 31 | 42 | +35.5% |
4 Bedrooms | 22 | 27 | +22.7% |
5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Des Moines housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 5.3%, 3 bedroom homes increased by 35.5%, 4 bedroom homes increased by 22.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
22 | 29 | +31.8% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Summary: A total of 29 homes were sold or pending in Des Moines in April 2024, up by 31.8% month-over-month. Of the 29 sold homes, 38% were sold under asking, 7% were sold at asking, and 55% were sold over asking.
Days on Market for Des Moines, WA
How long does it take to sell a home in Des Moines, WA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
22 Days | 39 Days | +73.6% |
Summary: Homes in Des Moines had an average of 39 days on market in Apr 2024, up by 73.6% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 29 homes were sold in Des Moines; 76% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.