Is Des Moines Township, IA 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 Township has remained a Seller's Market.
Key Takeaway
Des Moines Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Des Moines Township, IA
How much do homes in Des Moines Township, IA cost?
Median Sold Price
$209,669
$185/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Des Moines Township have sold for 4.8% more than they did a year ago.
Summary: The median home sold price in Des Moines Township was $209,669 in April 2024, up 4.8% from last year, and the median price per square foot was $185.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $157.5K | $124.4K | -21.0% |
| 2 Bedrooms | $160K | $162.5K | +1.6% |
| 3 Bedrooms | $211.3K | $224.6K | +6.3% |
| 4 Bedrooms | $245.5K | $258K | +5.1% |
| 5+ Bedrooms | $293.7K | $317K | +7.9% |
Summary: Des Moines Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 21%, 2 bedroom homes increased by 1.6%, 3 bedroom homes increased by 6.3%, 4 bedroom homes increased by 5.1%, and 5+ bedroom homes increased by 7.9%.
Median Sold Price Compared To Nearby Cities
| Des Moines | $194.9K | $209.9K | +7.7% |
| Webster Township | $295.6K | $311.8K | +5.5% |
| Lee Township | $171.4K | $180K | +5.0% |
| Des Moines Township | $200K | $209.6K | +4.8% |
| Saylor Township | $268K | $247.5K | -7.6% |
Housing Supply in Des Moines Township, IA
How many homes are available in Des Moines Township, IA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 951 | 952 | 0.1% |
Summary: The Des Moines Township real estate market had 952 homes for sale in April 2024, a 0.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 33 | 31 | -6.1% |
| 2 Bedrooms | 258 | 266 | +3.1% |
| 3 Bedrooms | 415 | 431 | +3.9% |
| 4 Bedrooms | 186 | 169 | -9.1% |
| 5+ Bedrooms | 59 | 55 | -6.8% |
Summary: The Des Moines Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 6.1%, 2 bedroom homes increased by 3.1%, 3 bedroom homes increased by 3.9%, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes decreased by 6.8%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 251 | 253 | +0.8% |
Asking Price vs. Sold Price
124 Homes Were Sold
Under Asking
74 Homes Were Sold
At Asking
55 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Des Moines Township, you may be able to get a good deal. 49% of homes here sold below asking price last month.
Summary: A total of 253 homes were sold or pending in Des Moines Township in April 2024, up by 0.8% month-over-month. Of the 253 sold homes, 49% were sold under asking, 29% were sold at asking, and 22% were sold over asking.
Days on Market for Des Moines Township, IA
How long does it take to sell a home in Des Moines Township, IA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 24 Days | 31 Days | +33.0% |
Summary: Homes in Des Moines Township had an average of 31 days on market in Apr 2024, up by 33% compared to last year.
Breakdown of Home Sale Times
179 Homes Were Sold
Under 30 Days
41 Homes Were Sold
In 30 - 90 Days
33 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Des Moines Township are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 253 homes were sold in Des Moines Township; 71% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
