Jun 15, 2023 - Real Estate
Housing prices in Des Moines' suburbs continue to rise
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Housing prices in Des Moines' suburbs continue to shoot up, especially in outer areas where new housing stock is growing like outside Bondurant, Adel and Huxley.
Driving the news: New housing prompted by population growth in the suburbs continues to raise median home prices there, Ted Weaver, a RE/MAX real estate broker, tells Axios.
- Older landlocked cities like Des Moines are still seeing increased housing prices, though the jump is not as high.
Zoom in: Homes for under $250K - $300K are especially hard to find right now in the suburbs, as resales tend to go quickly if they're properly priced, Weaver says.
- Waukee and Ankeny, our metro's two fastest growing suburbs, continue to be high in demand for home buyers.
The big picture: Home inventory levels remain low, though the demand for a house is also lower in comparison to 2020, Weaver says.