Is Grimes, IA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Grimes is a seller's market

Buyer's
Market

Difference Since September 2021

Since last year, Grimes has remained a Seller's Market.

Key Takeaway

Grimes is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Grimes, IA cost?

Median Sold Price

$333,700

$216/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2021

+$48,700(+17.1%)

Key Takeaway

Homes in Grimes have sold for 17.1% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSSep 2021Sep 2022%
1 --
N/A
2 $167.5K$183K
+9.3%
3 $253.7K$299.9K
+18.2%
4 $325.5K$379.9K
+16.7%
5+ $438.9K$499K
+13.7%

Median Sold Price Compared To Nearby Cities

Grimes
+17.1%
Johnston
+13.7%
Webster Township
+13.4%
Walnut Township
+11.8%
Urbandale
+10.4%

How many homes are available in Grimes, IA?

Number of Homes For Sale

Aug 2022Sep 2022%
10691-14.2%

Homes For Sale By Bedroom Count

# BEDSAug 2022Sep 2022%
1 00
0.0%
2 97
-22.2%
3 3730
-18.9%
4 4336
-16.3%
5+ 1718
+5.9%

Number of Homes Sold

Aug 2022Sep 2022%
2529+16.0%

Asking Price vs. Sold Price

13 Homes Were Sold
Under Asking

9 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Grimes, you may be able to get a good deal. 44.8% of homes here sold below asking price last month.

Average Sale Time

Sep 2021Sep 2022%
38 Days37 Days-1.3%

Breakdown of Home Sale Times

20 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Grimes are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Grimes, IA

Homes for sale in Grimes, IA have reached 91. In September 2022 in Grimes, IA there were 14.2% less homes for sale than in August 2022. The median list price of listings available in September 2022 was $333,700, while the average time on the real estate market was 37 days. Listing prices have changed in this real estate market between August 2022 and September 2022: prices of 1 bedroom properties increased by 0%, 2 bedrooms properties became 9.3% more expensive, prices of 3 bedrooms properties went up by 18.2%, 4 bedrooms properties prices increased by 16.7%, 5 bedrooms properties became 13.7% more expensive. Volume of homes for sale changed: number of 1 bedroom homes remained the same, 2 bedrooms homes inventory decreased by 22.2%, number of 3 bedrooms homes decreased by 18.9%, number of 4 bedrooms homes decreased by 16.3%, 5 bedrooms homes became 5.9% more available. In September 2022, from all listings sold in Grimes, IA there were more than 7 sold above asking price, over 13 sold below and more than 9 were sold right at the asked price.

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