Des Moines, IA Home Values & Market Trends
Real estate market trends reflect that there have been 3,518 transactions over the past year in Des Moines. The median value for residential home transactions that occurred over the previous year is $196,044.62. The number of current listings in Des Moines is 573, and the percentage of properties for sale in the city is 573.00%. Des Moines, IA currently has 153 properties in foreclosure, 13 bank owned properties, 64 properties headed for auction, and 573 properties for sale.
Des Moines, IA Real Estate Market Overview
| Zip | Median Est. Value | Zip | Median Est. Value |
|---|---|---|---|
| 50317 | $ 174,671 $ 174/sqft | 50311 | $ 221,500 $ 162/sqft |
| 50315 | $ 203,455 $ 179/sqft | 50321 | $ 365,000 $ 188/sqft |
| 50310 | $ 219,092 $ 193/sqft | 50309 | $ 268,000 $ 214/sqft |
| 50312 | $ 296,674 $ 219/sqft | 50314 | $ 137,000 $ 98/sqft |
| 50320 | $ 295,000 $ 189/sqft | 50319 | $ -- $ -- |
| 50316 | $ 144,500 $ 127/sqft | 50391 | $ -- $ -- |
| 50313 | $ 163,250 $ 179/sqft | 50392 | $ -- $ -- |
Housing Market Summary for Des Moines, IA
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $206.5K | $197.4K | -4.42% |
| Median Sold Price | $183K | $197.4K | 7.82% |
| Homes For Sale | 527 | 550 | 4.36% |
| Homes Sold | 1,841 | 1,452 | -21.13% |
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%.
Recently Sold Homes
Explore recent offers and recently sold homes in Des Moines, IA
Browse Homes in Des Moines, IA
Des Moines home values range from $19,066 to $22,985,126. The median estimated value of a home in Des Moines is $196,044.62. The median list price of a home is 217,500, and the total count of properties in the city is 70,843.
- Pre-ForeclosurePre-foreclosure homes account for 0.11% of all residential properties in Des Moines, IA with 50317 containing 22 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 $289,353 in 50321 to the lowest home value of $58,662 in 50317.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Des Moines, IA ranges from the highest value of $255,000 in 50314 to the lowest value of $124,667 in 50313. 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 6 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions50317 has 17 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 0.09% 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 $225,415 in 50312 to the lowest value of $91,881 in 50312.
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Guide for Des Moines, IA
Des Moines’ real estate market experiences robust upward momentum, with property values increasing despite occasional fluctuations.
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