$3,621 Closing Credit*
$304,900
1,825 SqFt
3 Beds
•1 Full Bath, 1 Partial
Carly Pearson, 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 October 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
$354,500
$230/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$20,166(+6.0%)
Key Takeaway
Homes in Grimes have sold for 6% more than they did a year ago.
Summary: The median home sold price in Grimes was $354,500 in October 2024, up 6% from last year, and the median price per square foot was $230.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $176.5K | $207.5K | +17.6% |
| 3 Bedrooms | $288.5K | $305K | +5.7% |
| 4 Bedrooms | $392.5K | $389.5K | -0.8% |
| 5+ Bedrooms | $579K | $625K | +7.9% |
Summary: Grimes housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 17.6%, 3 bedroom homes increased by 5.7%, 4 bedroom homes decreased by 0.8%, and 5+ bedroom homes increased by 7.9%.
Median Sold Price Compared To Nearby Cities
| Urbandale | $319.8K | $347.1K | +8.5% |
| Webster Township | $297K | $319.9K | +7.7% |
| Grimes | $334.3K | $354.5K | +6.0% |
| Johnston | $375K | $365.8K | -2.4% |
| Walnut Township | $399.8K | $384.6K | -3.8% |
Housing Supply in Grimes, IA
How many homes are available in Grimes, IA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 127 | 123 | -3.1% |
Summary: The Grimes real estate market had 123 homes for sale in October 2024, a 3.1% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 12 | 13 | +8.3% |
| 3 Bedrooms | 48 | 43 | -10.4% |
| 4 Bedrooms | 45 | 38 | -15.6% |
| 5+ Bedrooms | 22 | 29 | +31.8% |
Summary: The Grimes 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 8.3%, 3 bedroom homes decreased by 10.4%, 4 bedroom homes decreased by 15.6%, and 5+ bedroom homes increased by 31.8%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 22 | 24 | +9.1% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
8 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. 54.2% of homes here sold below asking price last month.
Summary: A total of 24 homes were sold or pending in Grimes in October 2024, up by 9.1% month-over-month. Of the 24 sold homes, 54% were sold under asking, 33% were sold at asking, and 13% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 19 Days | 45 Days | +138.5% |
Summary: Homes in Grimes had an average of 45 days on market in Oct 2024, up by 138.5% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 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 October 2024, 24 homes were sold in Grimes; 75% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
