des moines SINGLE-FAMILY HOME - SEPTEMBER 2 0 2 4
MONTHS OF INVENTORY 1.9 SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 16% VS 2023
▲ 8% VS 2023
▲ 89% VS 2023
▲ 17% VS 2023
There were 66 single-family home listings in Des Moines in September, 6% above August and 89% higher than September 2023. September single-family home sales decreased by 13% month-over-month, to 34, and were 17% above September 2023. The months of inventory for single-family home in Des Moines, at 1.9, re)ected a sellers' market. The single-family home median price in September was $605,000, a 3% decrease from August and 8% above September 2023. The average sold price was $660,409, 1.4% above last month and up 16% to September 2023.
THIS MONTH No.
PREVIOUS MONTH No.
PREVIOUS YEAR
No.
% Change
% Change
TOTAL INVENTORY TOTAL SALES MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE
34 66
29 35
16% 8% 61% 17% 89%
39 62
1.4% -3% 22% -13% 6%
$660,409 $605,000 1.9
$651,185 $625,000 1.6
$571,619 $562,000 1.2
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
38
66
59
36
36
62
43
39
38
34
33
35 29
34
28
36
36
34
30
20
27
25
25
22
21
20
20
14
13
$675K
$640K
$635K
$627K
$623K
$625K
$605K
$595K
$581K
$568K
$567K
$570K
$562K
Sep-23
Aug-24
Sep-24
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET < 4
BALANCED 4 - 6
BUYERS' MARKET 6+
● SALES ● TOTAL INVENTORY ● MONTHS OF INVENTORY
14
14.0
12
12.0
10
8
6
4.0
4
3.3
2
1.2
0.7
0.4
0
<$300K
$300K-399K
$400K-499K
$500K-599K
$600K-699K
$700K-799K
$800K-899K
$900K-999K
$1M+
MOI INVENTORY SALES
0 1 n/a
5 2 0.4
10 12 1.2
12 8 0.7
1 12 12.0
1 14 14.0
1 4 4.0
4 13 3.3
Information and statistics derived from Northwest Multiple Listing Service. Copyright © 2024 rennie group of companies. All rights reserved. This material may not be reproduced or distributed, in whole or in part, without the prior written permission of the rennie group of companies. Current as of October 9, 2024. While the information and data contained herein has been obtained from sources deemed reliable, accuracy cannot be guaranteed. rennie group of companies does not assume responsibility or liability for any inaccuracies. The recipient of the information should take steps as the recipient may deem necessary to verify the information prior to placing any reliance upon the information. The information contained within this report should not be used as an opinion of value, such opinions should and can be obtained from a rennie and associates advisor. All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies. E.&O.E. 22 ●
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