Is Grimes, IA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
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.
Housing Prices in Grimes, IA
How much do homes in Grimes, IA cost?
Median Sold Price
$338,333
$227/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
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 $338,333 in April 2024, up 0.2% from last year, and the median price per square foot was $227.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $176.5K | $182.5K | +3.4% |
| 3 Bedrooms | $300K | $307.4K | +2.5% |
| 4 Bedrooms | $387K | $387.2K | 0.1% |
| 5+ Bedrooms | $555K | $650K | +17.1% |
Summary: Grimes 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 increased by 3.4%, 3 bedroom homes increased by 2.5%, 4 bedroom homes increased by 0.1%, and 5+ bedroom homes increased by 17.1%.
Median Sold Price Compared To Nearby Cities
| Urbandale | $315.3K | $333.3K | +5.7% |
| Webster Township | $295.6K | $311.8K | +5.5% |
| Johnston | $355K | $373.2K | +5.1% |
| Walnut Township | $393K | $410.1K | +4.3% |
| Grimes | $337.5K | $338.3K | 0.2% |
Housing Supply in Grimes, IA
How many homes are available in Grimes, IA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 118 | 111 | -5.9% |
Summary: The Grimes real estate market had 111 homes for sale in April 2024, a 5.9% decrease 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 | 13 | 13 | 0.0% |
| 3 Bedrooms | 31 | 30 | -3.2% |
| 4 Bedrooms | 53 | 45 | -15.1% |
| 5+ Bedrooms | 21 | 23 | +9.5% |
Summary: The Grimes 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 decreased by 3.2%, 4 bedroom homes decreased by 15.1%, and 5+ bedroom homes increased by 9.5%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 23 | 26 | +13.0% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Grimes, you may be able to get a good deal. 53.8% of homes here sold below asking price last month.
Summary: A total of 26 homes were sold or pending in Grimes in April 2024, up by 13.0% month-over-month. Of the 26 sold homes, 54% were sold under asking, 35% were sold at asking, and 12% 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 81 Days | 51 Days | -36.6% |
Summary: Homes in Grimes had an average of 51 days on market in Apr 2024, down by 36.6% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
5 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 April 2024, 26 homes were sold in Grimes; 62% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.
