$2,078 Closing Credit*
$175,000
2,226 SqFt
4 Beds
•2 Full Baths
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 November 2023
At the same time last year, Grinnell was a Seller's Market.
Key Takeaway
Grinnell is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Grinnell, IA
How much do homes in Grinnell, IA cost?
Median Sold Price
$229,500
$135/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$18,000(-7.3%)
Key Takeaway
Homes in Grinnell have sold for 7.3% less than they did a year ago.
Summary: The median home sold price in Grinnell was $229,500 in November 2024, down 7.3% from last year, and the median price per square foot was $135.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $161K | $168K | +4.3% |
| 3 Bedrooms | $245K | $202.4K | -17.4% |
| 4 Bedrooms | $286.5K | $280K | -2.3% |
| 5+ Bedrooms | $190K | $384.5K | +102.4% |
Summary: Grinnell 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 4.3%, 3 bedroom homes decreased by 17.4%, 4 bedroom homes decreased by 2.3%, and 5+ bedroom homes increased by 102.4%.
Housing Supply in Grinnell, IA
How many homes are available in Grinnell, IA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 31 | 19 | -38.7% |
Summary: The Grinnell real estate market had 19 homes for sale in November 2024, a 38.7% 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 | 3 | 1 | -66.7% |
| 3 Bedrooms | 12 | 9 | -25.0% |
| 4 Bedrooms | 12 | 7 | -41.7% |
| 5+ Bedrooms | 4 | 2 | -50.0% |
Summary: The Grinnell 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 66.7%, 3 bedroom homes decreased by 25%, 4 bedroom homes decreased by 41.7%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 8 | 2 | -75.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 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 2 homes were sold or pending in Grinnell in November 2024, down by 75.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 78 Days | 26 Days | -66.9% |
Summary: Homes in Grinnell had an average of 26 days on market in Nov 2024, down by 66.9% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 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 November 2024, 2 homes were sold in Grinnell; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% 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.