$3,408 Closing Credit*
$287,000
1,972 SqFt
4 Beds
•1 Full Bath, 1 Partial
Kevin Kolbe, Listing Office: Ramsey Weeks Real Estate
Is Grinnell, IA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Grinnell has remained a Seller's Market.
Key Takeaway
Grinnell is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Grinnell, IA
How much do homes in Grinnell, IA cost?
Median Sold Price
$177,500
$133/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
-$18,500(-9.4%)
Key Takeaway
Homes in Grinnell have sold for 9.4% less than they did a month ago.
Summary: The median home sold price in Grinnell was $177,500 in October 2024, down 9.4% from last month, and the median price per square foot was $133.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $169K | $175K | +3.6% |
| 3 Bedrooms | - | $136.5K | N/A |
| 4 Bedrooms | $229.5K | $240K | +4.6% |
| 5+ Bedrooms | $280K | - | N/A |
Summary: Grinnell housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 3.6%, 3 bedroom homes did not change, 4 bedroom homes increased by 4.6%, and 5+ bedroom homes did not change.
Housing Supply in Grinnell, IA
How many homes are available in Grinnell, IA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 27 | 27 | 0.0% |
Summary: The Grinnell real estate market had 27 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 2 | -60.0% |
| 3 Bedrooms | 11 | 12 | +9.1% |
| 4 Bedrooms | 8 | 9 | +12.5% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Grinnell 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 decreased by 60%, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 6 | +20.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Grinnell, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Grinnell in October 2024, up by 20.0% month-over-month. Of the 6 sold homes, 50% were sold under asking, 33% were sold at asking, and 17% were sold over asking.
Days on Market for Grinnell, IA
How long does it take to sell a home in Grinnell, IA?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 30 Days | 89 Days | +193.6% |
Summary: Homes in Grinnell had an average of 89 days on market in Oct 2024, up by 193.6% compared to last month.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Grinnell are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 6 homes were sold in Grinnell; 50% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
Provided Courtesy Of Cedar Rapids Area Association of REALTORS®. 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. Information Is Believed To Be Accurate But Not Guaranteed.