$2,138 Closing Credit*
$180,000
1,791 SqFt
2 Beds
•2 Full Baths
James Hibbs, Listing Office: LPT Realty, LLC
Is Gray's Lake, IA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Gray's Lake has remained a Seller's Market.
Key Takeaway
Gray's Lake is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Gray's Lake, IA
How much do homes in Gray's Lake, IA cost?
Median Sold Price
$275,000
$187/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$61,100(+28.6%)
Key Takeaway
Homes in Gray's Lake have sold for 28.6% more than they did a year ago.
Summary: The median home sold price in Gray's Lake was $275,000 in October 2024, up 28.6% from last year, and the median price per square foot was $187.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $125.4K | $189K | +50.7% |
| 2 Bedrooms | $166K | $188.5K | +13.6% |
| 3 Bedrooms | $227.5K | $280.7K | +23.4% |
| 4 Bedrooms | $252K | $340K | +34.9% |
| 5+ Bedrooms | $599.9K | $327K | -45.5% |
Summary: Gray's Lake housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 50.7%, 2 bedroom homes increased by 13.6%, 3 bedroom homes increased by 23.4%, 4 bedroom homes increased by 34.9%, and 5+ bedroom homes decreased by 45.5%.
Median Sold Price Compared To Nearby Neighborhoods
| Gray's Lake | $213.9K | $275K | +28.6% |
| Indianola Hills | $175K | $188K | +7.4% |
| Downtown Des Moines | $278.5K | $274.5K | -1.4% |
Housing Supply in Gray's Lake, IA
How many homes are available in Gray's Lake, IA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 35 | 36 | +2.9% |
Summary: The Gray's Lake real estate market had 36 homes for sale in October 2024, a 2.9% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 7 | 8 | +14.3% |
| 3 Bedrooms | 18 | 18 | 0.0% |
| 4 Bedrooms | 7 | 8 | +14.3% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Gray's Lake housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 14.3%, 3 bedroom homes remained the same, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 7 | +16.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Gray's Lake, expect to pay close to the asking price. 71.4% of homes here sold near the asking price last month.
Summary: A total of 7 homes were sold or pending in Gray's Lake in October 2024, up by 16.7% month-over-month. Of the 7 sold homes, 29% were sold under asking, 71% were sold at asking, and 0% were sold over asking.
Days on Market for Gray's Lake, IA
How long does it take to sell a home in Gray's Lake, IA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 15 Days | 55 Days | +250.5% |
Summary: Homes in Gray's Lake had an average of 55 days on market in Oct 2024, up by 250.5% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Gray's Lake has remained consistent over time.
Summary: During October 2024, 7 homes were sold in Gray's Lake; 14% of homes were sold within 30 days, 86% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
