Is Grimes, IA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Grimes has remained a Seller's Market.
Housing Prices in Grimes, IA
How much do homes in Grimes, IA cost?
Median Sold Price
$341,000
$227/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Grimes was $341,000 in March 2024, up 1.3% from last year, and the median price per square foot was $227.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $177.2K | $185K | +4.4% |
3 Bedrooms | $300K | $304.9K | +1.6% |
4 Bedrooms | $389.9K | $385K | -1.3% |
5+ Bedrooms | $549.9K | $635K | +15.5% |
Summary: Grimes housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 4.4%, 3 bedroom homes increased by 1.6%, 4 bedroom homes decreased by 1.3%, and 5+ bedroom homes increased by 15.5%.
Median Sold Price Compared To Nearby Cities
Johnston | $354.9K | $374.9K | +5.6% |
Walnut Township | $393.3K | $414.9K | +5.5% |
Urbandale | $314.9K | $330.6K | +5.0% |
Webster Township | $294.8K | $309.5K | +5.0% |
Grimes | $336.6K | $341K | +1.3% |
Housing Supply in Grimes, IA
How many homes are available in Grimes, IA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
110 | 115 | +4.5% |
Summary: The Grimes real estate market had 115 homes for sale in March 2024, a 4.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 10 | 13 | +30.0% |
3 Bedrooms | 32 | 31 | -3.1% |
4 Bedrooms | 48 | 47 | -2.1% |
5+ Bedrooms | 20 | 24 | +20.0% |
Summary: The Grimes housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 30%, 3 bedroom homes decreased by 3.1%, 4 bedroom homes decreased by 2.1%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
9 | 20 | +122.2% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 20 homes were sold or pending in Grimes in March 2024, up by 122.2% month-over-month. Of the 20 sold homes, 50% were sold under asking, 35% were sold at asking, and 15% were sold over asking.
Days on Market for Grimes, IA
How long does it take to sell a home in Grimes, IA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
46 Days | 51 Days | +12.1% |
Summary: Homes in Grimes had an average of 51 days on market in Mar 2024, up by 12.1% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During March 2024, 20 homes were sold in Grimes; 40% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.