Is Granger, IA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Granger was a Buyer's Market.
Key Takeaway
Granger is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Granger, IA
How much do homes in Granger, IA cost?
Median Sold Price
$356,000
$240/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Granger have sold for 14.8% more than they did a year ago.
Summary: The median home sold price in Granger was $356,000 in April 2024, up 14.8% from last year, and the median price per square foot was $240.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $203.5K | $127K | -37.6% |
| 3 Bedrooms | $272K | $342.5K | +25.9% |
| 4 Bedrooms | $386.5K | $367.5K | -4.9% |
| 5+ Bedrooms | $810K | $601.2K | -25.8% |
Summary: Granger housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 37.6%, 3 bedroom homes increased by 25.9%, 4 bedroom homes decreased by 4.9%, and 5+ bedroom homes decreased by 25.8%.
Median Sold Price Compared To Nearby Cities
| Grant Township | $269K | $340K | +26.4% |
| Granger | $310K | $356K | +14.8% |
| Granger | $310K | $356K | +14.8% |
| Jefferson Township | $389.9K | $390K | 0.0% |
Housing Supply in Granger, IA
How many homes are available in Granger, IA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 24 | 27 | +12.5% |
Summary: The Granger real estate market had 27 homes for sale in April 2024, a 12.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 11 | 11 | 0.0% |
| 4 Bedrooms | 9 | 10 | +11.1% |
| 5+ Bedrooms | 2 | 4 | +100.0% |
Summary: The Granger housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 2 | 11 | +450.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Granger, expect to pay close to the asking price. 45.5% of homes here sold near the asking price last month.
Summary: A total of 11 homes were sold or pending in Granger in April 2024, up by 450.0% month-over-month. Of the 11 sold homes, 27% were sold under asking, 45% were sold at asking, and 27% were sold over asking.
Days on Market for Granger, IA
How long does it take to sell a home in Granger, IA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 3 Days | 63 Days | +1713.0% |
Summary: Homes in Granger had an average of 63 days on market in Apr 2024, up by 1713% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Granger are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 11 homes were sold in Granger; 55% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 36% of homes were sold over 90 days.
