Is Des Moines, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 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
$587,000
$368/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in Des Moines have sold for 5.8% more than they did a year ago.
Summary: The median home sold price in Des Moines was $587,000 in June 2024, up 5.8% from last year, and the median price per square foot was $368.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $257.5K | $231.2K | -10.2% |
| 2 Bedrooms | $415.5K | $425K | +2.3% |
| 3 Bedrooms | $565K | $594.5K | +5.2% |
| 4 Bedrooms | $665K | $675K | +1.5% |
| 5+ Bedrooms | $730K | $792.4K | +8.6% |
Summary: Des Moines housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 10.2%, 2 bedroom homes increased by 2.3%, 3 bedroom homes increased by 5.2%, 4 bedroom homes increased by 1.5%, and 5+ bedroom homes increased by 8.6%.
Housing Supply in Des Moines, WA
How many homes are available in Des Moines, WA?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 108 | 113 | +4.6% |
Summary: The Des Moines real estate market had 113 homes for sale in June 2024, a 4.6% increase compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 22 | 23 | +4.5% |
| 3 Bedrooms | 44 | 46 | +4.5% |
| 4 Bedrooms | 36 | 32 | -11.1% |
| 5+ Bedrooms | 4 | 9 | +125.0% |
Summary: The Des Moines housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 4.5%, 3 bedroom homes increased by 4.5%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes increased by 125%.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 26 | 26 | 0.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Des Moines, you could pay more than the asking price. 38.5% of homes here sold above asking price last month.
Summary: A total of 26 homes were sold or pending in Des Moines in June 2024, the same as the previous month. Of the 26 sold homes, 35% were sold under asking, 27% were sold at asking, and 38% 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
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 21 Days | 19 Days | -10.2% |
Summary: Homes in Des Moines had an average of 19 days on market in Jun 2024, down by 10.2% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Des Moines are selling fast, if you're buying plan to act quickly.
Summary: During June 2024, 26 homes were sold in Des Moines; 85% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
Listings courtesy of Northwest Multiple Listing Service as distributed by MLS GRID.
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Northwest MLS IDX. Real estate listings held by other brokerage firms are marked with the green "three trees" logo and includes the name of the listing broker(s). Copyright © 2024 Northwest MLS. All rights reserved.