Des Moines - IA housing market
The Des Moines metro has a typical home value of $296,974, up 1.0% from a year ago. Homes are moving fast at 19 days on market, a strong seller's market. 29% of listings have had a price cut. Data from Zillow Research, updated monthly.
How to read this data
The typical home value ($296,974) is the Zillow Home Value Index for the Des Moines - IA metro area , a smoothed, seasonally adjusted estimate of the typical value for middle-tier homes (33rd to 67th percentile) across single-family and condo properties.
Prices are up 1.0% over the past year. In Des Moines - IA, that means a home worth $294,034 last year is now worth roughly $296,974.
The median sale price , what homes actually close for , is $275,992. Homes are selling at 98.0% of list price, meaning buyers have room to negotiate.
Homes listed in Des Moines - IA sit on the market for roughly 19 days before going pending. Shorter = seller's market; longer = buyer's market.
About 28.9% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.
Roughly 1,268 new listings hit the market each month in Des Moines - IA. There are currently 3,680 homes for sale, up 12.1% from a year ago.
The typical monthly rent in Des Moines - IA is $1,310, up 2.3% year over year. For investors, the price-to-rent ratio here is roughly 19x annual rent.
What's not on this page
This is market-level data, not property-level. We don't list individual homes for sale. For that, go to Zillow, Redfin, or your local MLS.
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Other metros in IA
| Metro | Home value | 1-yr change | Days on market |
|---|---|---|---|
| Cedar Rapids - IA | $247,515 | +3.8% | 7.0d |