Des Moines, IA Home Values & Market Trends

Real estate market trends reflect that there have been 3,626 transactions over the past year in Des Moines. The median value for residential home transactions that occurred over the previous year is $194,345.06. The number of current listings in Des Moines is 563, and the percentage of properties for sale in the city is 563.00%. Des Moines, IA currently has 108 properties in foreclosure, 14 bank owned properties, 58 properties headed for auction, and 563 properties for sale.

Des Moines, IA Real Estate Market Overview

ZipMedian Est. ValueZipMedian Est. Value
50317

$ 174,033

$ 171/sqft

50311

$ 208,000

$ 180/sqft

50315

$ 194,100

$ 180/sqft

50309

$ 253,282

$ 211/sqft

50310

$ 228,492

$ 188/sqft

50314

$ 139,000

$ 104/sqft

50313

$ 158,730

$ 166/sqft

50321

$ 367,000

$ 191/sqft

50316

$ 151,875

$ 146/sqft

50319

$ --

$ --

50312

$ 252,250

$ 212/sqft

50391

$ --

$ --

50320

$ 288,275

$ 175/sqft

50392

$ --

$ --

Housing Market Summary for Des Moines, IA

Mar 2023February 2024Change
Median Listing Price$200K$196.4K-1.82%
Median Sold Price$181.3K$196.4K8.31%
Homes For Sale5265545.32%
Homes Sold1,9741,690-14.39%
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Price Per Square Foot

On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.

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Browse Homes in Des Moines, IA

Des Moines home values range from $18,988 to $22,888,066. The median estimated value of a home in Des Moines is $194,345.06. The median list price of a home is 210,000, and the total count of properties in the city is 70,843.

Foreclosure
There are 14 zips within Des Moines, IA; within these zips, the median estimated home value for homes in foreclosure ranges from $301,250 in 50317 to the lowest value of $55,153 in 50317. Foreclosure homes account for 0.00% of properties in Des Moines, IA with 50317 containing 32 foreclosures, the highest number of foreclosure properties in a single zip.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 0.05% of all residential properties in Des Moines, IA with 50317 containing 10 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There are 14 zips within Des Moines, IA; of those zips, the estimated home value for pre-foreclosure homes ranges from $289,463 in 50320 to the lowest home value of $110,886 in 50316.
  • Bank Owned
    The median estimated home value of bank owned homes (REO properties) in Des Moines, IA ranges from the highest value of $234,223 in 50310 to the lowest value of $55,153 in 50317. Bank owned homes and properties account for 0.02% of properties in Des Moines, IA. There are 14 zips within Des Moines, IA; 50317 containing 7 REO properties, has the highest number of bank owned properties in a single zip.
  • Auctions
    50317 has 15 auction properties, the highest number of properties going to auction in a single zip in the state of Des Moines, IA. Auction homes and other auction properties account for 0.08% of all properties in Des Moines, IA. There are 14 zips within Des Moines, IA; of those zips, the median estimated home value for homes going to auction ranges from $215,378 in 50321 to the lowest value of $85,603 in 50321.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.79% of residential properties in Des Moines, IA with 50317 containing 113 homes for sale, the highest number of listed properties in a single zip. There are 14 zips within Des Moines, IA; homes for sale in those zips, have a range of median values from $715,000 in 50309 to the lowest value of $24,435 in 50310.
    Sold Homes
    The median value for recently sold homes ranges from $1,237,824 in 50312 to the lowest price of $21,002 in 50312. There are 14 zips within Des Moines, IA. 50317 has 325 recently sold homes, the highest number of recently sold properties in a single zip. Recently sold homes and properties account for 2.31% of properties in Des Moines, IA.

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      Guide for Des Moines, IA

      Foreclosure
      Iowa Foreclosure Laws
      A Luxury Mansion
      Investing Strategies
      Winning A Luxury Real Estate Auctions: Key Tips
      California
      Fremont Property Market Calms After 2023 Highs; Stabilizes Early 2024 with Peak Median Value at $1.42M
      California
      Santa Ana – An In-Depth Look at Price Fluctuations in 2023-2024
      See More Articles
      Iowa Foreclosure Laws
      Foreclosure|posted 6 June 2013

      Iowa Foreclosure Laws

      A Luxury Mansion
      Winning A Luxury Real Estate Auctions: Key Tips
      Investing Strategies|posted 1 March 2024

      A few quick tips to prepare you for selling a luxury home at auction

      Fremont Property Market Calms After 2023 Highs; Stabilizes Early 2024 with Peak Median Value at $1.42M
      California|posted 1 March 2024

      The Fremont, California real estate market experienced considerable fluctuation throughout 2023 and into 2024, with significant peaks and stabilization across various parameters.

      Santa Ana – An In-Depth Look at Price Fluctuations in 2023-2024
      California|posted 1 March 2024

      Santa Ana’s real estate market thrives with fluctuating median property values and diverse submarkets. Recent trends indicate potential opportunities for investors with varied budgets despite market volatility, enhanced by Santa Ana’s comparatively low foreclosure rates and value-for-money square foot pricing.