Is De Soto, IA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, De Soto has remained a Seller's Market.
Housing Prices in De Soto, IA
How much do homes in De Soto, IA cost?
Median Sold Price
$255,000
$188/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in De Soto was $255,000 in May 2024, down 5.5% from last year, and the median price per square foot was $188.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $585K | $255K | -56.4% |
3 Bedrooms | $242.5K | $249.9K | +3.1% |
4 Bedrooms | $290K | $303K | +4.5% |
5+ Bedrooms | $631.5K | $400K | -36.7% |
Summary: De Soto housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 56.4%, 3 bedroom homes increased by 3.1%, 4 bedroom homes increased by 4.5%, and 5+ bedroom homes decreased by 36.7%.
Median Sold Price Compared To Nearby Cities
Van Meter Township | $313K | $304.9K | -2.6% |
De Soto | $269.9K | $255K | -5.5% |
Van Meter | $327.5K | $278.9K | -14.8% |
Housing Supply in De Soto, IA
How many homes are available in De Soto, IA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
16 | 13 | -18.8% |
Summary: The De Soto real estate market had 13 homes for sale in May 2024, a 18.8% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 0 | 0.0% |
3 Bedrooms | 8 | 5 | -37.5% |
4 Bedrooms | 5 | 5 | 0.0% |
5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The De Soto housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 37.5%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
1 | 4 | +300.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 4 homes were sold or pending in De Soto in May 2024, up by 300.0% month-over-month. Of the 4 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.
Days on Market for De Soto, IA
How long does it take to sell a home in De Soto, IA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
133 Days | 89 Days | -33.1% |
Summary: Homes in De Soto had an average of 89 days on market in May 2024, down by 33.1% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 4 homes were sold in De Soto; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.