The Grays Lake housing market is very competitive. The median sale price of a home in Grays Lake was $215K last month, down 22.5% since last year. The median sale price per square foot in Grays Lake is $174, down 9.84% since last year.
What is the housing market like in Grays Lake today?
In July 2025, Grays Lake home prices were down 22.5% compared to last year, selling for a median price of $215K. On average, homes in Grays Lake sell after 43 days on the market compared to 14 days last year. There were 27 homes sold in July this year, up from 14 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$215,000
-22.5% YoY | Jul 2025
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Jul 2025
Growth
% YoY
Grays Lake, IA
$215,000
-22.5%
United States
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How hot is the Grays Lake housing market?
Grays Lake is very competitive. Homes sell in 38 days.
0
100
71
Very Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 6 months
Many homes get multiple offers, some with waived contingencies.
The average homes sell for about 2% below list price and go pending in around 38 days.
Hot homes
can sell for about 1% above list price and go pending in around 8 days.
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Grays Lake housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Grays Lake.
Flood Factor - Moderate
9% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Grays Lake has a moderate risk of flooding. 115 properties in Grays Lake are likely to be
severely affected
by flooding over the next 30 years. This represents 9% of all properties in Grays Lake. Flood risk is increasing slower than the national average.
3% of properties are at risk of wildfire over the next 30 years
Fire Factor
Grays Lake has a moderate risk of wildfire. There are 54 properties in Grays Lake that have some risk of being affected by wildfire over the next 30 years. This represents 3% of all properties in Grays Lake.
100% of properties are at minor
risk of a severe wind event over the next 30 years
Wind Factor
Grays Lake has a Minor Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Grays Lake is most at risk from tornadoes. 1,629 properties in Grays Lake have some risk of being in a severe wind event within the next 30 years.