Des Moines, IA metro area Housing Market
Cool MarketComprehensive housing market data for the Des Moines, IA metro area metro area. Track home prices, inventory, days on market, and competition — updated monthly for real estate investors.
Data period: March 2026
Median Sale Price
$315K
↑ 5.3% YoY
Days on Market
89 days
↑ 43.5% YoY
Active Inventory
3,033
↑ 7.0% YoY
Homes Sold
936
↑ 3.5% YoY
Cool Market
Buyer activity is slowing, creating more negotiating room.
Des Moines, IA metro area Market Summary
The Des Moines, IA metro area housing market is cooling down. As of March 2026, the median home sale price is $315K, up 5.3% year-over-year. Homes are spending a median of 89 days on the market, 43.5% longer than a year ago.
There are 3,033 homes for sale — 7.0% more than last year. With 3.2 months of supply, this is a seller's market. 1,298 new listings were added during this period, up 12.9% year-over-year.
Homes are selling for 98.5% of their list price on average, suggesting room for negotiation. 19.8% of homes sell above their asking price. 29.3% of listings have had a price drop.
Market Opportunity Score
Based on current market conditions
73
Contributing Factors
How This Market Compares
vs. National Median
vs. Iowa Median
Investor Takeaway
The cooling market may present buying opportunities with less competition and more negotiating leverage. A significant share of sellers are cutting prices, which can signal motivated sellers and potential deals. Prices are 28% below the national median, which could indicate stronger cash flow potential.
Des Moines, IA metro area Market Trends
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Detailed Market Metrics
Median List Price
$307K
Price per Sq Ft
$215
Sale-to-List Ratio
98.5%
Months of Supply
3.2
Sold Above List
19.8%
Price Drops
29.3%
New Listings
1,298
↑ 12.9% YoY
Pending Sales
1,254
Off Market in 2 Weeks
34.9%
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Try It FreeHousing market data provided by Redfin, a national real estate brokerage. Not financial advice. Always consult a qualified professional before making investment decisions.