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

It’s not only trees and flowers blossoming this spring! Check out our local Des Moines metro area housing market! Outstanding stat this month is the 53% increase of home sales month over month! And our month over month median sale price increased 8%. What seller doesn’t like that news???

Our active listings increased 3% month over month. With March inventory at 2931 properties compared to February’s 2852 properties for sale. Year over year represented a 19% increase compared to the 2,471 active listings of March 2023. 

The WOW factor is in home sales this month! The number of home sales, or homes that closed in March, in the Des Moines metro area increased 53% in March with 1,032 homes sold compared to the 675 sold in February. Year-over-year, there was a subtle decrease of 4% from the 1,070 homes sold in March 2023. 

Pending sales showed the buyers were active in our March market with an increase of 16% in contracts written in March, with 1,348 homes pending sales compared to last month's 1,158 pending sales. March 2023 had 1,354 pending sales which has this year’s figure falling short by 0.44%. 

March median sale price of $285,000 increased 8% compared to last month’s $265,000. March 2023 had an increase of 6%, with its $269,990 median sale price. 

In March, homes averaged 67 days on the market which is slightly down from February’s 69 days and up from last year’s 58 days on average.