Here's our local real estate market update for April 2024! If you’d like to watch instead, CLICK HERE!

With spring in full swing, the Des Moines area housing market is thriving for home buyers and sellers. April’s inventory is up, days on the market are lower, and properties are selling! This gives buyers more choices to find their ideal home and signaling to sellers that now is a good time to list your home! (Hey, I’m doing it!)

The Des Moines metro saw a big change in the number of active listings this April compared to last year’s inventory. In April, there was an increase of 5.77% in inventory with 3,100 houses on the market compared to March’s 2,931 active listings. Inventory increased this year by 28.63% compared to last year’s 2,410 homes listed. 

Home sales in the Des Moines metro area have increased 10.75% in April with 1,143 homes sold compared to last month’s 1,032 homes sold. Year-over-year, there was an increase of 15.69% from 988 homes sold in April 2023.

Pending sales have risen 6.38% in April with 1,434 contracts written compared to last month’s 1,348 contracts written. Year-over-year had a 4.27% decrease in contracts written with 1,498 contracts written in April 2023.

The median sale price for the Des Moines Metro area for April was $282,500. The median sale price decreased 0.88% from March’s $285,000 median price. Year-over-year there was an increase of 3.10% in price compared to last year’s $274,000.

Days on market decreased to 58 days compared to the 67 days on market in March. But we are still up 23% from April 2023 47 days on market.