Is Grimes, IA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2022
At the same time last year, Grimes was a Seller's Market.
Key Takeaway
Grimes is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Grimes, IA
How much do homes in Grimes, IA cost?
Median Sold Price
$335,000
$222/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2022
Key Takeaway
The sold price of homes in Grimes has remained the same since last year.
Summary: The median home sold price in Grimes was $335,000 in November 2023, down 0.5% from last year, and the median price per square foot was $222.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $178K | $179K | +0.6% |
| 3 Bedrooms | $300K | $288.5K | -3.8% |
| 4 Bedrooms | $389K | $389.5K | 0.1% |
| 5+ Bedrooms | $499.5K | $579K | +15.9% |
Summary: Grimes housing prices by bedroom type for November 2023 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 0.6%, 3 bedroom homes decreased by 3.8%, 4 bedroom homes increased by 0.1%, and 5+ bedroom homes increased by 15.9%.
Median Sold Price Compared To Nearby Cities
| Walnut Township | $391.1K | $405.7K | +3.8% |
| Webster Township | $289.9K | $300K | +3.5% |
| Urbandale | $311.3K | $321K | +3.1% |
| Johnston | $364.9K | $375K | +2.7% |
| Grimes | $336.6K | $335K | -0.5% |
Housing Supply in Grimes, IA
How many homes are available in Grimes, IA?
Number of Homes For Sale
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 103 | 101 | -1.9% |
Summary: The Grimes real estate market had 101 homes for sale in November 2023, a 1.9% decrease compared to October 2023.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 13 | 11 | -15.4% |
| 3 Bedrooms | 39 | 34 | -12.8% |
| 4 Bedrooms | 35 | 38 | +8.6% |
| 5+ Bedrooms | 16 | 18 | +12.5% |
Summary: The Grimes housing inventory by bedroom type for November 2023 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 15.4%, 3 bedroom homes decreased by 12.8%, 4 bedroom homes increased by 8.6%, and 5+ bedroom homes increased by 12.5%.
Number of Homes Sold
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 15 | 13 | -13.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Grimes, expect to pay close to the asking price. 61.5% of homes here sold near the asking price last month.
Summary: A total of 13 homes were sold or pending in Grimes in November 2023, down by 13.3% month-over-month. Of the 13 sold homes, 31% were sold under asking, 62% were sold at asking, and 8% 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
| Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|
| 28 Days | 23 Days | -18.5% |
Summary: Homes in Grimes had an average of 23 days on market in Nov 2023, down by 18.5% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Grimes are selling fast, if you're buying plan to act quickly.
Summary: During November 2023, 13 homes were sold in Grimes; 77% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
