The median sale price of a Des Moines-area home slipped to $260,000 in October, a nearly 2% decrease from September’s record-high median sales price of $265,000, data from the Des Moines Area Association of Realtors shows.

A year ago, the median sale price of a residence was $235,000.

Overall, 1,496 homes were sold in October in the Greater Des Moines market, which includes Polk, Dallas, Warren, Jasper, Marion, Madison and Guthrie counties, association data shows. In September, there were 1,459 home sales; in October 2020, the number was 1,547.

“The market in October seemed to be fairly steady and showed the typical seasonal slowdown in activity,” Ted Weaver, the association’s president, said in a prepared statement. “We were pleased to see the number of properties on the market was almost equal to last month.”

Homes sold in an average of 30 days in October; a year ago, residences sold in an average of 43 days.   

Also in October, association data shows:

  • 2,255 residences were for sale, slightly fewer than the 2,279 properties for sale in September. There were 2,566 residences for sale in October 2020.
  • 1,116, or 74.5%, of the 1,496 properties sold were financed conventionally; 153 properties were paid for with cash.
  • 463, or 31%, of the residences sold were priced at $199,999 or less. In October 2020, 555, or 36%, of the 1,547 residences sold were priced at $199,999 or less.
  • Six residences were sold for $1 million or more, the same number as in October 2020.