Is Grand Island, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Grand Island is a buyer's market

Buyer's
Market

Difference Since November 2021

At the same time last year, Grand Island was a Seller's Market.

Key Takeaway

Grand Island is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

How much do homes in Grand Island, FL cost?

Median Sold Price

$336,500

$202/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$67,250(+25.0%)

Key Takeaway

Homes in Grand Island have sold for 25% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 --
N/A
2 $218K$255.5K
+17.2%
3 $255K$330K
+29.4%
4 $313.7K$399.6K
+27.4%
5+ $1.7M$450K
-73.5%

Median Sold Price Compared To Nearby Cities

Grand Island
+25.0%
Umatilla
+23.6%
Eustis
+19.7%
Leesburg East
+19.4%

How many homes are available in Grand Island, FL?

Number of Homes For Sale

Oct 2022Nov 2022%
21210.0%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 00
0.0%
2 24
+100.0%
3 1414
0.0%
4 43
-25.0%
5+ 10
-100.0%

Number of Homes Sold

Oct 2022Nov 2022%
52-60.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Grand Island, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
8 Days10 Days+14.3%

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Grand Island are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Grand Island, FL

Grand Island, FL has 21 homes for sale to choose from. While the average time on the market in November 2022 was 10 days, the median list price was $336,500. Between October 2022 and November 2022, listing prices of homes in this real estate market have seen the following changes: the cost of 1 bedroom properties went up by 0%, prices of 2 bedrooms properties increased by 17.2%, prices of 3 bedrooms properties increased by 29.4%, the cost of 4 bedrooms properties went up by 27.4%, 5 bedrooms properties prices decreased by 73.5%. Volume of homes for sale changed: volume of 1 bedroom homes stayed the same, number of 2 bedrooms homes increased by 100%, number of 3 bedrooms homes remained the same, 4 bedrooms homes became 25% less available, volume of 5 bedrooms homes went down by 100%. Grand Island, FL housing market in November 2022 saw over 0 listings sold above listed price, more than 0 sold at listed price and over 2 sold below.

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