New - 3 hours on Rocket
$2,789 Closing Credit¹
Joel Miles, Listing Office: RE/MAX Precision
Des Moines Housing Market Report December 2024•Polk County, Iowa
Housing Prices in Des Moines, IA
How much do homes in Des Moines, IA cost?
Housing Market Conditions
Is Des Moines, IA a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
Des Moines is a Seller's Market
Difference Since December 2023
Since last year, Des Moines has remained a Seller's Market.
Insight
Des Moines is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Median Sold Price
$215,000$190/SqFt
+$10,284
+5.0%
Based on all homes sold in the last 12 months
Insight
Homes in Des Moines have sold for 5% more than they did a year ago.
Summary: The median home sold price in Des Moines was $215,000 in December 2024, up 5% from last year, and the median price per square foot was $190.
Median Sold Price By City
| City | Dec 2023 | Dec 2024 | Change YoY |
|---|---|---|---|
| Lee Township | $175.1K | $186.2K | +6.3% |
| Des Moines Township | $204.3K | $214.9K | +5.2% |
| Bloomfield Township | $205.4K | $215.9K | +5.1% |
| Des Moines | $204.7K | $215K | +5.0% |
| Allen Township | $330K | $331.5K | 0.5% |
Median Sold Price By Bedrooms
| Beds | Dec 2023 | Dec 2024 | Change YoY |
|---|---|---|---|
| 11 Bedroom | $124.9K | $129K | +3.3% |
| 33 Bedrooms | $219.8K | $225.3K | +2.5% |
| 44 Bedrooms | $250K | $279.5K | +11.8% |
| 22 Bedrooms | $160K | $166.8K | +4.3% |
| 55+ Bedrooms | $284.9K | $324.8K | +14.0% |
Summary: Des Moines housing price by bedroom type for December 2024, compared to the previous year. The home price for 1 bedroom homes increased by +3.3%. The home price for 3 bedroom homes increased by +2.5%. The home price for 4 bedroom homes increased by +11.8%. The home price for 2 bedroom homes increased by +4.3%. The home price for 5 bedroom homes increased by +14.0%.
Housing supply in Des Moines, IA
How many homes are available in Des Moines, IA?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 978Last MonthDec 2024 | ||
| 1,0982 months agoNov 2024 | -10.9 % Change MoMNov – Dec |
Summary: The Des Moines real estate market had 978 homes for sale in Dec 2024, a 10.9 % decrease compared to Nov 2024.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 205Last MonthDec 2024 | ||
| 2212 months agoNov 2024 | -7.2 % Change MoMNov – Dec |
Homes For Sale By Bedroom Count
| Beds | Nov 2024 | Dec 2024 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 33 | 39 | +18.2% |
| 33 Bedrooms | 501 | 456 | -9.0% |
| 44 Bedrooms | 215 | 182 | -15.3% |
| 22 Bedrooms | 285 | 247 | -13.3% |
| 55+ Bedrooms | 64 | 54 | -15.6% |
Summary: Des Moines housing inventory by bedroom type for December 2024, compared to the previous month. The inventory for 1 bedroom homes increased by +18.2%. The inventory for 3 bedroom homes decreased by -9.0%. The inventory for 4 bedroom homes decreased by -15.3%. The inventory for 2 bedroom homes decreased by -13.3%. The inventory for 5 bedroom homes decreased by -15.6%.
Asking Price vs. Sold Price
How much do homes in Des Moines, IA cost?
Over Asking Price35 Homes
At Asking Price50 Homes
Under Asking Price120 Homes
Insight
If you're buying a home in Des Moines, you may be able to get a good deal. 58.5% of homes here sold below asking price last month.
Summary: A total of 205 homes were sold or pending in Des Moines in December 2024, down by 7.2% month-over-month. Of the 205 sold homes, 59% were sold under asking, 24% were sold at asking, and and 17% were sold over asking.
Days on Market for Des Moines, IA
How long does it take to sell a home in Des Moines, IA?
Breakdown of Home Sale Times
Under 30 Days137 Homes
30 – 90 Days41 Homes
Over 90 Days27 Homes
Insight
Many homes in Des Moines are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 205 homes were sold in Des Moines; 67% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 36 DaysThis YearDec 2024 | ||
| 33 Days1 year agoDec 2023 | +7.9 % Change YoYDec 2023 – Dec 2024 |
Summary: Homes in Des Moines had an average listing age of 36 days in Dec 2024, up by 7.9% compared to the previous year.
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Newest Listings in Des Moines, IA
What homes are available in Des Moines, IA?
New - 3 hours on Rocket
$1,958 Closing Credit¹
Beth Ernst, Listing Office: Keller Williams Realty GDM
New - 5 hours on Rocket
$2,909 Closing Credit¹
Bradley Johnson, Listing Office: Keller Williams Legacy Group
New - 6 hours on Rocket
$4,144 Closing Credit¹
Chinh Nguyen, Listing Office: RE/MAX Concepts
New - 7 hours on Rocket
$2,345 Closing Credit¹
Marsha Bannister, Listing Office: Homeworks Realty, LLC
New - 8 hours on Rocket
$2,173 Closing Credit¹
Marsha Bannister, Listing Office: Homeworks Realty, LLC
New - 8 hours on Rocket
$3,147 Closing Credit¹
Marsha Bannister, Listing Office: Homeworks Realty, LLC
New - 8 hours on Rocket
Ed Pagliai, Listing Office: EXP Realty, LLC
New - 9 hours on Rocket
$3,443 Closing Credit¹
Juran, Jason, Listing Office: RE/MAX Precision
New - 9 hours on Rocket
$8,134 Closing Credit¹
Kathryn Driscoll, Listing Office: Iowa Realty Beaverdale
New - 10 hours on Rocket
$1,692 Closing Credit¹
Nicole McGlothlin, Listing Office: Century 21 Signature
New - 10 hours on Rocket
$3,383 Closing Credit¹
Tori Shanks, Listing Office: RE/MAX Precision
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MLS Disclaimers and Copyright
Based on information from Des Moines MLS, for the period 01/01/2023 - 01/01/2025
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange of the Des Moines Area Association of Realtors. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright© 2025 Des Moines Area Association of Realtors. All Rights Reserved
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/17/2025, 10:20:55 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/17/2025, 10:20:55 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.