Grand Island
Housing Market
Median sale price $329,900, down 4.0% year over year, with homes going under contract in about 60 days, 10 homes on the market.
Momentum
Your exact situation run against today's numbers: true comps, negotiation targets, and the off-market homes portals never show.
Selling instead? See what your home is worth today →
Housing Market Analyst
Inventory sits at 3.1 months of supply — balanced by the 3-to-6-month balanced benchmark, and 52% of listed homes are already under contract. Prices are down 4.0% versus the prior year, but sellers are still collecting 96.1% of asking. Taken together, the data points to a seller-leaning market.
Who has leverage right now
Leverage scores are derived from the Momentum Score (supply, demand, speed, pricing power, and trend). Right now the data favors sellers.
- Prices — more likely to stabilize than fall sharply. Supply remains below balanced levels even as prices soften; without a meaningful inventory build, further declines tend to be shallow.
- Inventory — tightening over the tracked window; watch whether that holds through the season.
- Negotiating power — sellers hold the leverage while 52% of inventory sits under contract.
- Mortgage sensitivity — at 5.2× income, this market is highly sensitive to rate moves; rate relief tends to show up in demand here quickly.
Derived from current Grand Island data, not a prediction or guarantee. Markets move; talk to an agent before acting on any single reading.
Where Grand Island is hot — and where it isn't
Each dot is a community (10 shown, sized by sales volume rank). Click any dot to open its full neighborhood guide.
The read on Grand Island
The median sale price across Grand Island currently stands at $329,900, down 4.0% from a year ago. Buyers are paying a median of $178 per square foot. The typical home goes under contract in about 60 days. Sellers are capturing 96.1% of their original asking price on average.
There are 10 active listings on the market, with 1 more already under contract. At the current sales pace that works out to 3.1 months of supply — a seller-leaning market by the standard six-month benchmark. 54 homes closed here over the trailing 12 months.
Grand Island prices sit below the Lake County median by roughly 11%. Zillow's home value index for Lake County stands at $364,339. About 30% of listings county-wide have taken a price cut — a useful gauge of seller flexibility.
Weighing supply, demand, speed, pricing power, and trend together, the Momentum Score for Grand Island is 67 of 100 — healthy market territory. This page recalculates every day as new MLS data lands, so the numbers above reflect the market as of August 6, 2026.
Grand Island since 2012 — and where it’s heading
A median home here sold for $93,812 in 2012 and $322,984 over the last recorded year — 244% appreciation across 14 years of recorded sales. Cash buyers took 42% of recent sales, down from a 42% peak.
Median sale price · 2012–2026 (338 recorded sales)
Days on market by year
Cash buyers · share of sales
Home value trend · Lake County (Zillow ZHVI)
For-sale inventory · county (Zillow)
Daily active vs pending · Lake County (MLS)
What’s driving Grand Island
Top inbound states: NY, CA, NJ, TX. Movers arriving report ~$80,711 average income. Source: IRS SOI county-to-county migration, 2022-2023
3,500 Citizens policies in force in Lake County — the state-backed insurer of last resort. Budget insurance into any Lake purchase before you fall in love with a house. Source: Citizens Property Insurance, Detail by County, April 2026
3,999 single-family · 1,343 multi-family · 13.4 per 1,000 residents. Future supply pressure starts here. Source: U.S. Census Bureau, Building Permits Survey, 2025
The calls we’re making from today’s data
The sharpest 1-yr median swing among tracked communities. Thin samples can exaggerate swings — verify with a comp analysis before treating it as trend.
Sellers: price to the last 60 days of comps, not the peak — well-prepared listings are still commanding strong terms. Buyers: get underwritten now so you can move when the right house hits.
Generated from today’s data by Momentum’s analysis engine and reviewed on a rolling basis by our broker team.
How it stacks up across Lake County
| Market | Median | Active | Score | |
|---|---|---|---|---|
| Grand Island ← this page | $330K | 10 | 67 | |
| Leesburg | $286K | 219 | 43 | Open → |
| Clermont | $438K | 194 | 63 | Open → |
| Tavares | $330K | 102 | 48 | Open → |
| Lady Lake | $225K | 96 | 56 | Open → |
| Mount Dora | $470K | 82 | 60 | Open → |
Neighborhoods on the move
| EUSTIS GRAND ISLAND RESERVEGrand Island | $370K | ▲ 1% |
| GROVES AT GRAND ISLANDGrand Island | $376K | ▲ -7% |
| GROVES AT GRAND ISLANDGrand Island | $376K | ▼ 7% |
| EUSTIS GRAND ISLAND RESERVEGrand Island | $370K | ▼ 1% |
| GROVES AT GRAND ISLANDGrand Island | $376K | 6 |
| EUSTIS GRAND ISLAND RESERVEGrand Island | $370K | 2 |
| GRAND ISLEGrand Island | $330K | 2 |
| GROVES AT GRAND ISLANDGrand Island | $376K | 86 days |
| EUSTIS GRAND ISLAND RESERVEGrand Island | $370K | 102 days |
Grand Island ZIP codes
Most active communities
Put this data to work
The questions people actually ask
Should I buy a house in Grand Island right now?
The data says conditions currently favor sellers in Grand Island — the Momentum Score reads 67/100 with 3.1 months of supply. Buyers should come fully underwritten; sellers still set the pace here. The right timing always depends on your rate, your equity, and how long you plan to stay — not just the market.
Is Grand Island becoming more affordable?
Yes, modestly — the median sale price in Grand Island is $329,900, down 4.0% versus the prior year, while sellers still capture 96.1% of asking price. Softening prices plus normal-length marketing times mean affordability is improving at the margin, though financing costs matter more than list prices for most monthly payments.
Where are prices falling fastest in Grand Island?
Among tracked communities with enough sales to measure, the sharpest 1-year median declines are GROVES AT GRAND ISLAND (-7%); EUSTIS GRAND ISLAND RESERVE (1%). Note that community-level medians move on small sale counts — a few high- or low-end closings can swing them — so treat these as leads for a comp analysis, not verdicts.
Which Grand Island neighborhoods are most competitive?
Measured by speed of sale, the fastest-moving tracked communities right now are GROVES AT GRAND ISLAND (86 days); EUSTIS GRAND ISLAND RESERVE (102 days) — homes there go under contract well ahead of the market-wide pace of 60 days.
How does Grand Island compare to the rest of Lake County?
Grand Island's median of $329,900 runs 11% below the county-wide median of $370,000, and homes here take 60 days to go under contract versus 53 county-wide.
Grand Island housing market FAQ
What is the median home price in Grand Island?
The median sale price in Grand Island is currently $329,900, down 4.0% from a year ago, based on MLS sales data updated August 6, 2026.
Is Grand Island a buyer's or seller's market right now?
The data currently favors sellers. Grand Island scores 67 of 100 on the Momentum Score, with 3.1 months of housing supply. Conditions change; this page updates daily.
How long do homes take to sell in Grand Island?
The typical home in Grand Island goes under contract in about 60 days, per current MLS data.
How many homes are for sale in Grand Island?
There are approximately 10 active listings in Grand Island as of August 6, 2026.
Are home prices in Grand Island rising or falling?
Median sale prices are down 4.0% year over year based on a rolling comparison of MLS sales.
Momentum agents use this intelligence every day to price listings and write winning offers across Grand Island. Talk through what the numbers mean for your move.
Every number on this page is computed directly from licensed Florida MLS feeds, recorded public sales, Zillow Research, and U.S. Census data — nothing is manually adjusted or estimated by hand. Medians use recorded closed sales; supply figures use live listing counts refreshed twice daily; the Momentum Score methodology is summarized .
Analyst oversight: Jon Brooks — Co-Founder, Momentum Realty · CEO, Momentum Research · Housing Market Analyst · methodology reviewed quarterly · Last data refresh: August 6, 2026 at 7:18 PM ET
Statistics on this page are computed automatically from licensed MLS feeds and public data sources (Zillow Research, U.S. Census Bureau) and summarized without manual review. Figures are estimates based on recent recorded activity, are deemed reliable but not guaranteed, and should be verified with a licensed agent before making decisions. This page does not constitute an appraisal or an automated valuation of any specific property. Momentum Realty is licensed in Florida and Georgia. Equal Housing Opportunity.