New - 11 hours on Rocket
$3,978 Closing Credit¹
Rachelle Cochran, Listing Office: EXP Realty, LLC
Grimes Housing Market Report December 2024•Polk County, Iowa
Housing Prices in Grimes, IA
How much do homes in Grimes, IA cost?
Housing Market Conditions
Is Grimes, IA a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
Grimes is a Seller's Market
Difference Since December 2023
Since last year, Grimes has remained a Seller's Market.
Insight
Grimes is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Median Sold Price
$364,900$238/SqFt
+$26,155
+7.7%
Based on all homes sold in the last 12 months
Insight
Homes in Grimes have sold for 7.7% more than they did a year ago.
Summary: The median home sold price in Grimes was $364,900 in December 2024, up 7.7% from last year, and the median price per square foot was $238.
Median Sold Price By City
| City | Dec 2023 | Dec 2024 | Change YoY |
|---|---|---|---|
| Grimes | $338.7K | $364.9K | +7.7% |
| Urbandale | $324.9K | $349.8K | +7.6% |
| Webster Township | $303.5K | $320K | +5.4% |
| Johnston | $375K | $368.9K | -1.6% |
| Walnut Township | $408.6K | $384.8K | -5.8% |
Median Sold Price By Bedrooms
| Beds | Dec 2023 | Dec 2024 | Change YoY |
|---|---|---|---|
| 11 Bedroom | - | - | N/A |
| 22 Bedrooms | $180K | $190K | +5.6% |
| 33 Bedrooms | $304K | $304.9K | 0.3% |
| 44 Bedrooms | $395K | $400K | +1.3% |
| 55+ Bedrooms | $589.9K | $625K | +6.0% |
Summary: Grimes housing price by bedroom type for December 2024, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes increased by +5.6%. The home price for 3 bedroom homes increased by 0.3%. The home price for 4 bedroom homes increased by +1.3%. The home price for 5 bedroom homes increased by +6.0%.
Housing supply in Grimes, IA
How many homes are available in Grimes, IA?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 109Last MonthDec 2024 | ||
| 1242 months agoNov 2024 | -12.1 % Change MoMNov – Dec |
Summary: The Grimes real estate market had 109 homes for sale in Dec 2024, a 12.1 % decrease compared to Nov 2024.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 19Last MonthDec 2024 | ||
| 252 months agoNov 2024 | -24.0 % Change MoMNov – Dec |
Homes For Sale By Bedroom Count
| Beds | Nov 2024 | Dec 2024 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 0 | 0 | 0.0% |
| 22 Bedrooms | 13 | 7 | -46.2% |
| 33 Bedrooms | 39 | 40 | +2.6% |
| 44 Bedrooms | 47 | 38 | -19.1% |
| 55+ Bedrooms | 25 | 24 | -4.0% |
Summary: Grimes housing inventory by bedroom type for December 2024, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes decreased by -46.2%. The inventory for 3 bedroom homes increased by +2.6%. The inventory for 4 bedroom homes decreased by -19.1%. The inventory for 5 bedroom homes decreased by -4.0%.
Asking Price vs. Sold Price
How much do homes in Grimes, IA cost?
Over Asking Price1 Home
At Asking Price5 Homes
Under Asking Price13 Homes
Insight
If you're buying a home in Grimes, you may be able to get a good deal. 68.4% of homes here sold below asking price last month.
Summary: A total of 19 homes were sold or pending in Grimes in December 2024, down by 24.0% month-over-month. Of the 19 sold homes, 68% were sold under asking, 26% were sold at asking, and and 5% were sold over asking.
Days on Market for Grimes, IA
How long does it take to sell a home in Grimes, IA?
Breakdown of Home Sale Times
Under 30 Days13 Homes
30 – 90 Days3 Homes
Over 90 Days3 Homes
Insight
Many homes in Grimes are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 19 homes were sold in Grimes; 68% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 43 DaysThis YearDec 2024 | ||
| 43 Days1 year agoDec 2023 | 0.1 % Change YoYDec 2023 – Dec 2024 |
Summary: Homes in Grimes had an average listing age of 43 days in Dec 2024, down by .1% compared to the previous year.
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Newest Listings in Grimes, IA
What homes are available in Grimes, IA?
New - 11 hours on Rocket
$5,094 Closing Credit¹
Sorensen, Tracy, Listing Office: RE/MAX Precision
New - 12 hours on Rocket
$6,531 Closing Credit¹
Allison Kleis, Listing Office: Keller Williams Realty GDM
New - 1 day on Rocket
$4,155 Closing Credit¹
Brandon Winn, Listing Office: Iowa Realty Mills Crossing
New - 1 day on Rocket
$3,978 Closing Credit¹
Marcia Munger, Listing Office: Keller Williams Realty GDM
New - 1 day on Rocket
$2,196 Closing Credit¹
Randy Brady, Listing Office: LPT Realty, LLC
New - 4 days on Rocket
$2,613 Closing Credit¹
Amy Meyer, Listing Office: LPT Realty, LLC
New - 6 days on Rocket
$3,384 Closing Credit¹
Jaemi Poncy, Listing Office: RE/MAX Revolution
New - 7 days on Rocket
$5,699 Closing Credit¹
Dustin Kupka, Listing Office: RE/MAX Precision
Sean Manning, Listing Office: Simply Better Realty, LLC
$2,789 Closing Credit¹
Robert Cupples, Listing Office: RE/MAX Concepts
$7,955 Closing Credit¹
Katie Sell, Listing Office: Iowa Realty Mills Crossing
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MLS Disclaimers and Copyright
Based on information from Des Moines MLS, for the period 01/01/2023 - 01/01/2025
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange of the Des Moines 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 deemed reliable but not guaranteed. Copyright© 2025 Des Moines Area Association of Realtors. All Rights Reserved
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/17/2025, 10:20:55 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/17/2025, 10:20:55 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.