Is Grand Island, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Grand Island has remained a Seller's Market.
Housing Prices in Grand Island, FL
How much do homes in Grand Island, FL cost?
Median Sold Price
$318,750
$202/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Grand Island was $318,750 in March 2024, down 6.3% from last year, and the median price per square foot was $202.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $265K | $236.5K | -10.8% |
3 Bedrooms | $330K | $320K | -3.0% |
4 Bedrooms | $387.1K | $385K | -0.6% |
5+ Bedrooms | $450K | - | N/A |
Summary: Grand Island housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 10.8%, 3 bedroom homes decreased by 3%, 4 bedroom homes decreased by 0.6%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Leesburg East | $309.2K | $315K | +1.9% |
Eustis | $337K | $341.5K | +1.3% |
Umatilla | $290K | $278.5K | -4.0% |
Grand Island | $340K | $318.7K | -6.3% |
Housing Supply in Grand Island, FL
How many homes are available in Grand Island, FL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
20 | 21 | +5.0% |
Summary: The Grand Island real estate market had 21 homes for sale in March 2024, a 5.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 1 | -50.0% |
3 Bedrooms | 16 | 19 | +18.8% |
4 Bedrooms | 2 | 1 | -50.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Grand Island housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes increased by 18.8%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
5 | 8 | +60.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Grand Island in March 2024, up by 60.0% month-over-month. Of the 8 sold homes, 50% were sold under asking, 38% were sold at asking, and 13% were sold over asking.
Days on Market for Grand Island, FL
How long does it take to sell a home in Grand Island, FL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
48 Days | 123 Days | +153.7% |
Summary: Homes in Grand Island had an average of 123 days on market in Mar 2024, up by 153.7% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 8 homes were sold in Grand Island; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.