$1,800,000
3.00 Acres
Land
•2 Full Baths, 2 Partial
Julie Baudler, Listing Office: RE/MAX Concepts
Is Grimes Township, 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 Township has remained a Seller's Market.
Key Takeaway
Grimes Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Grimes Township, IA
How much do homes in Grimes Township, IA cost?
Median Sold Price
$354,500
$231/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$20,500(+6.1%)
Key Takeaway
Homes in Grimes Township have sold for 6.1% more than they did a year ago.
Summary: The median home sold price in Grimes Township was $354,500 in October 2024, up 6.1% from last year, and the median price per square foot was $231.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $176.5K | $210K | +19.0% |
| 3 Bedrooms | $288.5K | $304.9K | +5.7% |
| 4 Bedrooms | $392.5K | $389.5K | -0.8% |
| 5+ Bedrooms | $578.9K | $625K | +8.0% |
Summary: Grimes Township 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 19%, 3 bedroom homes increased by 5.7%, 4 bedroom homes decreased by 0.8%, and 5+ bedroom homes increased by 8%.
Housing Supply in Grimes Township, IA
How many homes are available in Grimes Township, IA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 127 | 123 | -3.1% |
Summary: The Grimes Township 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 Township 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 Township, 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 Township 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 Township, IA
How long does it take to sell a home in Grimes Township, IA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 19 Days | 45 Days | +138.5% |
Summary: Homes in Grimes Township 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 Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 24 homes were sold in Grimes Township; 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.
