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

Housing Market Conditions



Gauge showing Des Moines is a seller's market


Difference Since April 2023

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.

Housing Prices in Des Moines, WA

How much do homes in Des Moines, WA cost?

Median Sold Price



Based on all homes sold in the last 12 months.

Difference Since April 2023


Key Takeaway

Homes in Des Moines have sold for 0.6% more than they did a year ago.

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

# BEDSApr 2023Apr 2024CHANGE
1 $250K$255K
2 $415K$412.5K
3 $565K$577.2K
4 $725K$664.9K
5+ $880K$735K

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%.

Median Sold Price Compared To Nearby Cities

Normandy Park
Des Moines

Housing Supply in Des Moines, WA

How many homes are available in Des Moines, WA?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE

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

# BEDSMar 2024Apr 2024CHANGE
1 10
2 1918
3 3142
4 2227
5+ 44

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 2024Apr 2024CHANGE

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

16 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. 55.2% of homes here sold above asking price last month.

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 2023Apr 2024CHANGE
22 Days39 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

Breakdown of Home Sale Times

Key Takeaway

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

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.

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

Report Updated 19 Days Ago

Newest Listings in Des Moines, WA

Nearby Markets to Des Moines, WA

What housing markets are near Des Moines, WA?