Is Granger, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Granger is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Granger has remained a Seller's Market.

Key Takeaway

Granger is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Granger, TX

How much do homes in Granger, TX cost?

Median Sold Price

$717,000

$244/sqft

Based on all homes sold in August 2024.

Difference Since Last Month

+$329,500(+85.0%)

Key Takeaway

Homes in Granger have sold for 85% more than they did a month ago.

Summary: The median home sold price in Granger was $717,000 in August 2024, up 85% from last month, and the median price per square foot was $244.

Median Sold Price By Bedroom Count

# BEDSJul 2024Aug 2024CHANGE
1 --
N/A
2 $260K$212K
-18.5%
3 $515K$808.5K
+57.0%
4 --
N/A
5+ --
N/A

Summary: Granger housing prices by bedroom type for August 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 18.5%, 3 bedroom homes increased by 57%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Granger, TX

How many homes are available in Granger, TX?

Number of Homes For Sale

Jul 2024Aug 2024CHANGE
1112+9.1%

Summary: The Granger real estate market had 12 homes for sale in August 2024, a 9.1% increase compared to July 2024.

Homes For Sale By Bedroom Count

# BEDSJul 2024Aug 2024CHANGE
1 00
0.0%
2 32
-33.3%
3 55
0.0%
4 23
+50.0%
5+ 12
+100.0%

Summary: The Granger housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes remained the same, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Jul 2024Aug 2024CHANGE
23+50.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Granger, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Granger in August 2024, up by 50.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.

Days on Market for Granger, TX

How long does it take to sell a home in Granger, TX?

Average Sale Time

Jul 2024Aug 2024CHANGE
104 Days89 Days-14.1%

Summary: Homes in Granger had an average of 89 days on market in Aug 2024, down by 14.1% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Granger are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During August 2024, 3 homes were sold in Granger; 33% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 67% of homes were sold over 90 days.

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

Report Updated 9 Days Ago

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