$3,551 Closing Credit*
$299,000
844 SqFt
4 Beds
•1 Full Bath
Bob Ruby, Listing Office: Ruby Realty Group LLC
Is Grimes Township, 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 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
$360,000
$234/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$25,000(+7.5%)
Key Takeaway
Homes in Grimes Township have sold for 7.5% more than they did a year ago.
Summary: The median home sold price in Grimes Township was $360,000 in November 2024, up 7.5% from last year, and the median price per square foot was $234.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $179K | $205K | +14.5% |
| 3 Bedrooms | $291.9K | $304.9K | +4.5% |
| 4 Bedrooms | $389.7K | $390K | 0.1% |
| 5+ Bedrooms | $578.8K | $625K | +8.0% |
Summary: Grimes Township 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 14.5%, 3 bedroom homes increased by 4.5%, 4 bedroom homes increased by 0.1%, 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
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 134 | 115 | -14.2% |
Summary: The Grimes Township 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 Township 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 Township, 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 Township 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 Township, IA
How long does it take to sell a home in Grimes Township, IA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 23 Days | 15 Days | -34.2% |
Summary: Homes in Grimes Township 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 Township are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 22 homes were sold in Grimes Township; 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.
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Great Plains Regional MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by other brokerage firms are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright © 2024 Great Plains REALTORS® Multiple Listing Service, Inc. All rights reserved.