Grand Island
Housing Market
Median sale price $329,900, down 4.1% year over year, with homes going under contract in about 52 days, 16 homes on the market.
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Housing Market Analyst
Inventory sits at 4.2 months of supply — balanced by the 3-to-6-month balanced benchmark, and 13% of listed homes are already under contract. Prices are down 4.1% versus the prior year, but sellers are still collecting 96.0% of asking. Taken together, the data points to a broadly balanced market where preparation decides who wins.
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 neither side decisively.
- Prices — balanced supply argues for a sideways market; condition and pricing decide individual outcomes.
- Inventory — building over the tracked window; watch whether that holds through the season.
- Negotiating power — buyers gain ground as 13% 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 (12 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 4.1% from a year ago. Buyers are paying a median of $168 per square foot. The typical home goes under contract in about 52 days. Sellers are capturing 96.0% of their original asking price on average.
There are 16 active listings on the market, with 2 more already under contract. At the current sales pace that works out to 4.2 months of supply — roughly balanced conditions by the standard six-month benchmark. 61 homes closed here over the trailing 12 months.
Grand Island prices sit below the Lake County median by roughly 8%. Zillow's home value index for Lake County stands at $363,142. 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 50 of 100 — balanced market territory. This page recalculates every day as new MLS data lands, so the numbers above reflect the market as of September 15, 2026.
Grand Island since 2012 — and where it’s heading
A median home here sold for $97,466 in 2012 and $322,536 over the last recorded year — 231% appreciation across 14 years of recorded sales.
Median sale price · 2012–2026 (375 recorded sales)
Days on market by year
Home value trend · Lake County (Zillow ZHVI)
For-sale inventory · county (Zillow)
Daily active vs pending · Lake County (MLS)
Median price · daily recalculation
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.
Both sides have a case: buyers should negotiate on days-on-market, sellers should lean on the under-contract rate. Preparation, not the market, decides who wins a balanced tape.
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 | 16 | 50 | |
| Leesburg | $282K | 311 | 44 | Open → |
| Clermont | $438K | 239 | 64 | Open → |
| Tavares | $330K | 125 | 50 | Open → |
| Lady Lake | $232K | 107 | 59 | Open → |
| Groveland | $373K | 71 | 58 | Open → |
Neighborhoods on the move
| Eustis Grand Island ReserveGrand Island | $365K | ▲ 0% |
| Groves At Grand IslandGrand Island | $370K | ▲ -8% |
| Groves At Grand IslandGrand Island | $370K | ▼ 8% |
| Eustis Grand Island ReserveGrand Island | $365K | ▼ 0% |
| Groves At Grand IslandGrand Island | $370K | 8 |
| Eustis Grand Island ReserveGrand Island | $365K | 3 |
| GRAND ISLEGrand Island | $330K | 2 |
| Grand Island Ridge SubGrand Island | $330K | 1 |
| Groves At Grand IslandGrand Island | $370K | 66 days |
| Eustis Grand Island ReserveGrand Island | $365K | 81 days |
Grand Island ZIP codes
Most active communities
More on Grand Island
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 neither side decisively in Grand Island — the Momentum Score reads 50/100 with 4.2 months of supply. For buyers that means preparation over hesitation: well-priced homes still move fast, but there is more room to negotiate than a year ago. 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 4.1% versus the prior year, while sellers still capture 96.0% 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 (-8%). 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 (66 days); Eustis Grand Island Reserve (81 days) — homes there go under contract well ahead of the market-wide pace of 52 days.
How does Grand Island compare to the rest of Lake County?
Grand Island's median of $329,900 runs 8% below the county-wide median of $360,000, and homes here take 52 days to go under contract versus 52 county-wide.
Grand Island housing market FAQ
How is the housing market in Grand Island right now?
As of September 15, 2026, the Grand Island housing market is roughly balanced: the median sale price is $329,900 (down 4.1% year over year), 16 homes are for sale against 61 sales in the last 12 months, which is 4.2 months of supply, and the typical home goes under contract in about 52 days.
How much is a house in Grand Island?
The median home sold for $329,900 in Grand Island over the last 12 months, about $168 per square foot; asking prices on the 16 current listings run from well below to well above that, and the community pages linked below show what each neighborhood actually sells for.
Is it a good time to sell a house in Grand Island?
By the numbers, sellers in Grand Island are getting 96.0% of asking price and going under contract in about 52 days with 4.2 months of supply. Under four months of supply generally favors sellers; over six favors buyers. Whether it is a good time for you depends on what you paid and where you are going next, which is a conversation with an agent, not a chart.
What is the Grand Island housing market forecast?
Momentum Realty publishes the recorded trend, not a prediction: Grand Island median sale prices are down 4.1% year over year, inventory stands at 4.2 months of supply, and 13% of listings are under contract. The charts on this page update with every MLS refresh, so the direction shows up here before any forecast catches it.
What is the median home price in Grand Island?
The median sale price in Grand Island is currently $329,900, down 4.1% from a year ago, based on MLS sales data updated September 15, 2026.
Is Grand Island a buyer's or seller's market right now?
The data currently is roughly balanced. Grand Island scores 50 of 100 on the Momentum Score, with 4.2 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 52 days, per current MLS data.
How many homes are for sale in Grand Island?
There are approximately 16 active listings in Grand Island as of September 15, 2026.
Are home prices in Grand Island rising or falling?
Median sale prices are down 4.1% 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: September 15, 2026 at 7:33 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.