$3,978 Closing Credit*
$335,000
1,496 SqFt
3 Beds
•1 Full Bath, 1 Partial
Donna Stall, Listing Office: RE/MAX Concepts
Is Grimes, IA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$360,000
$232/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$24,500(+7.3%)
Key Takeaway
Homes in Grimes have sold for 7.3% more than they did a year ago.
Summary: The median home sold price in Grimes was $360,000 in November 2024, up 7.3% from last year, and the median price per square foot was $232.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $179K | $202.5K | +13.1% |
| 3 Bedrooms | $291.9K | $304.9K | +4.5% |
| 4 Bedrooms | $389.7K | $390K | 0.1% |
| 5+ Bedrooms | $578.9K | $625K | +8.0% |
Summary: Grimes housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 13.1%, 3 bedroom homes increased by 4.5%, 4 bedroom homes increased by 0.1%, and 5+ bedroom homes increased by 8%.
Median Sold Price Compared To Nearby Cities
| Urbandale | $322.4K | $349.8K | +8.5% |
| Grimes | $335.5K | $360K | +7.3% |
| Webster Township | $300K | $320K | +6.7% |
| Johnston | $375K | $370.7K | -1.1% |
| Walnut Township | $399.7K | $384.9K | -3.7% |
Housing Supply in Grimes, IA
How many homes are available in Grimes, IA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 134 | 115 | -14.2% |
Summary: The Grimes real estate market had 115 homes for sale in November 2024, a 14.2% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 14 | 11 | -21.4% |
| 3 Bedrooms | 46 | 34 | -26.1% |
| 4 Bedrooms | 43 | 44 | +2.3% |
| 5+ Bedrooms | 31 | 26 | -16.1% |
Summary: The Grimes housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 21.4%, 3 bedroom homes decreased by 26.1%, 4 bedroom homes increased by 2.3%, and 5+ bedroom homes decreased by 16.1%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 26 | 22 | -15.4% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Grimes, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 22 homes were sold or pending in Grimes in November 2024, down by 15.4% month-over-month. Of the 22 sold homes, 18% were sold under asking, 50% were sold at asking, and 32% 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 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 23 Days | 15 Days | -34.2% |
Summary: Homes in Grimes had an average of 15 days on market in Nov 2024, down by 34.2% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
6 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 2024, 22 homes were sold in Grimes; 73% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
