Is West Des Moines, 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, West Des Moines has remained a Seller's Market.
Housing Prices in West Des Moines, IA
How much do homes in West Des Moines, IA cost?
Median Sold Price
$311,883
$198/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in West Des Moines was $311,883 in April 2024, up 7.9% from last year, and the median price per square foot was $198.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $136.4K | $111.2K | -18.5% |
2 Bedrooms | $182K | $199.9K | +9.9% |
3 Bedrooms | $290K | $308.5K | +6.4% |
4 Bedrooms | $376K | $396.5K | +5.5% |
5+ Bedrooms | $525K | $564.6K | +7.6% |
Summary: West Des Moines housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 18.5%, 2 bedroom homes increased by 9.9%, 3 bedroom homes increased by 6.4%, 4 bedroom homes increased by 5.5%, and 5+ bedroom homes increased by 7.6%.
Median Sold Price Compared To Nearby Cities
Clive | $405K | $449.8K | +11.1% |
West Des Moines | $289K | $311.8K | +7.9% |
Walnut Township | $289K | $300K | +3.8% |
Boone Township | $337.7K | $344.9K | +2.1% |
Cumming | $583.7K | $515K | -11.8% |
Housing Supply in West Des Moines, IA
How many homes are available in West Des Moines, IA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
324 | 314 | -3.1% |
Summary: The West Des Moines real estate market had 314 homes for sale in April 2024, a 3.1% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 62 | 55 | -11.3% |
3 Bedrooms | 127 | 110 | -13.4% |
4 Bedrooms | 99 | 102 | +3.0% |
5+ Bedrooms | 34 | 45 | +32.4% |
Summary: The West Des Moines housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 11.3%, 3 bedroom homes decreased by 13.4%, 4 bedroom homes increased by 3%, and 5+ bedroom homes increased by 32.4%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
79 | 70 | -11.4% |
Asking Price vs. Sold Price
31 Homes Were Sold
Under Asking
23 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Summary: A total of 70 homes were sold or pending in West Des Moines in April 2024, down by 11.4% month-over-month. Of the 70 sold homes, 44% were sold under asking, 33% were sold at asking, and 23% were sold over asking.
Days on Market for West Des Moines, IA
How long does it take to sell a home in West Des Moines, IA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
49 Days | 59 Days | +20.2% |
Summary: Homes in West Des Moines had an average of 59 days on market in Apr 2024, up by 20.2% compared to last year.
Breakdown of Home Sale Times
48 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
12 Homes Were Sold
Over 90 Days
Summary: During April 2024, 70 homes were sold in West Des Moines; 69% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.