Is Grinnell, IA 50112 a buyer’s or seller’s market?
Grinnell is a balanced market. With about 4.5 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
More competitive than 19% of U.S. ZIP codes, and #134 of 156 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The Grinnell housing market right now
In the three months ending August 31, 2026, 14% of homes in Grinnell, IA 50112 sold above their list price, the typical home went under contract in 60 days and there were 4.5 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. That’s based on 38 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 10%, homes sold more slowly (27 days then) and the median sale price rose 20% to $248,892. Overall, Grinnell is less competitive than a year ago, which gives buyers more room.
On our competition score, Grinnell ranks #134 of 156 IA ZIP codes with enough sales (score 25 out of 100).
Nearby, buyers who want less competition could look at Deep River 52222 (0% sold over asking) or Brooklyn 52211 (0% sold over asking).
Run the numbers for 50112
Nearby markets
Brooklyn 52211Balanced $188 /sq ftDeep River 52222Seller’s market $74 /sq ftGuernsey 52221 — /sq ftMalcom 50157 — /sq ft Browse all markets →Towns like Grinnell nearby
Find towns like Grinnell in other states →Where Grinnell is
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Questions about Grinnell real estate
Is Grinnell a buyer’s or seller’s market?
A balanced market: there were 4.5 months of supply in Grinnell, IA 50112 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Grinnell?
The typical home went under contract in 60 days in the latest three months.
Do homes in Grinnell sell over asking?
14% of homes sold above their original list price, and the typical sale closed at 96.7% of the list price.
What are property taxes in Grinnell?
About 1.22% of a home’s value a year in Poweshiek County, or roughly $4,880 on a $400,000 home.
What is the median home price in Grinnell?
The median sale price was $248,892 in the three months ending August 31, 2026, about $136 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology