Is Grimes County, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Grimes County is a buyer's market

Buyer's
Market

Difference Since March 2023

At the same time last year, Grimes County was a Seller's Market.

Key Takeaway

Grimes County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Grimes County, TX

How much do homes in Grimes County, TX cost?

Median Sold Price

$381,499

$188/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$66,499(+21.1%)

Key Takeaway

Homes in Grimes County have sold for 21.1% more than they did a year ago.

Summary: The median home sold price in Grimes County was $381,499 in March 2024, up 21.1% from last year, and the median price per square foot was $188.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $305K$207.5K
-32.0%
2 $210.2K$236K
+12.2%
3 $280K$348.7K
+24.6%
4 $390K$439.5K
+12.7%
5+ $855K$1.0M
+18.1%

Summary: Grimes County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 32%, 2 bedroom homes increased by 12.2%, 3 bedroom homes increased by 24.6%, 4 bedroom homes increased by 12.7%, and 5+ bedroom homes increased by 18.1%.

Median Sold Price Compared To Nearby Counties

Grimes County
+21.1%
Washington County
+1.6%
Brazos County
+1.2%
Walker County
-2.7%

Housing Supply in Grimes County, TX

How many homes are available in Grimes County, TX?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
156168+7.7%

Summary: The Grimes County real estate market had 168 homes for sale in March 2024, a 7.7% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 67
+16.7%
2 1418
+28.6%
3 6978
+13.0%
4 5349
-7.5%
5+ 1416
+14.3%

Summary: The Grimes County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 16.7%, 2 bedroom homes increased by 28.6%, 3 bedroom homes increased by 13%, 4 bedroom homes decreased by 7.5%, and 5+ bedroom homes increased by 14.3%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
2216-27.3%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Grimes County, you may be able to get a good deal. 56.3% of homes here sold below asking price last month.

Summary: A total of 16 homes were sold or pending in Grimes County in March 2024, down by 27.3% month-over-month. Of the 16 sold homes, 56% were sold under asking, 44% were sold at asking, and 0% were sold over asking.

Days on Market for Grimes County, TX

How long does it take to sell a home in Grimes County, TX?

Average Sale Time

Mar 2023Mar 2024CHANGE
45 Days66 Days+44.3%

Summary: Homes in Grimes County had an average of 66 days on market in Mar 2024, up by 44.3% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During March 2024, 16 homes were sold in Grimes County; 50% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 38% of homes were sold over 90 days.

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

Report Updated 22 Days Ago

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