Is Des Moines, IA 50395 a buyer’s or seller’s market?
Des Moines is a seller’s market. With about 2 months of supply and 13% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
The Des Moines housing market right now
In the three months ending August 31, 2026, 13% of homes in Des Moines, IA 50395 sold above their list price, the typical home went under contract in 43 days and there were 2 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 8 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking was about the same (13% then), homes sold more slowly (26 days then) and the median sale price rose 23% to $181,921. Overall, Des Moines is less competitive than a year ago, which gives buyers more room.
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Where Des Moines is
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Questions about Des Moines real estate
Is Des Moines a buyer’s or seller’s market?
A seller’s market: there were 2 months of supply in Des Moines, IA 50395 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Des Moines?
The typical home went under contract in 43 days in the latest three months.
Do homes in Des Moines sell over asking?
13% of homes sold above their original list price, and the typical sale closed at 99.6% of the list price.
What is the median home price in Des Moines?
The median sale price was $181,921 in the three months ending August 31, 2026, about $123 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology