$5,344 Closing Credit*
$450,000
2,285 SqFt
3 Beds
•2 Full Baths, 1 Partial
Shannon Araya, Listing Office: Keller Williams Premier Realty
Is Grand Lakes, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
At the same time last year, Grand Lakes was a Seller's Market.
Key Takeaway
Grand Lakes is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Grand Lakes, TX
How much do homes in Grand Lakes, TX cost?
Median Sold Price
$554,700
$182/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
-$6,300(-1.1%)
Key Takeaway
Homes in Grand Lakes have sold for 1.1% less than they did a year ago.
Summary: The median home sold price in Grand Lakes was $554,700 in September 2024, down 1.1% from last year, and the median price per square foot was $182.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $383.2K | $416.5K | +8.7% |
| 4 Bedrooms | $550K | $554.4K | +0.8% |
| 5+ Bedrooms | $641K | $740K | +15.4% |
Summary: Grand Lakes housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 8.7%, 4 bedroom homes increased by 0.8%, and 5+ bedroom homes increased by 15.4%.
Median Sold Price Compared To Nearby Neighborhoods
| Seven Meadows | $533.5K | $599K | +12.3% |
| Grand Lakes | $561K | $554.7K | -1.1% |
| Cinco Ranch | $545.8K | $525K | -3.8% |
Housing Supply in Grand Lakes, TX
How many homes are available in Grand Lakes, TX?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 27 | 31 | +14.8% |
Summary: The Grand Lakes real estate market had 31 homes for sale in September 2024, a 14.8% increase compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 7 | 7 | 0.0% |
| 4 Bedrooms | 14 | 18 | +28.6% |
| 5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The Grand Lakes housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 13 | 1 | -92.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Grand Lakes, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in Grand Lakes in September 2024, down by 92.3% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Grand Lakes, TX
How long does it take to sell a home in Grand Lakes, TX?
Average Sale Time
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 13 Days | 82 Days | +526.0% |
Summary: Homes in Grand Lakes had an average of 82 days on market in Sep 2024, up by 526% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Grand Lakes has remained consistent over time.
Summary: During September 2024, 1 homes were sold in Grand Lakes; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Disclaimer: The MLS data is provided exclusively to Participants or Subscribers for display on their website solely for consumers’ personal, non-commercial use, that the MLS data may not be used for any purpose other than to display prospective properties consumers may be interested in purchasing or leasing. Information contained on the computer print-outs of the Multiple Listing Service (MLS) of the HOUSTON REALTORS® INFORMATION SERVICE (HRIS) is furnished by MLS Participants for dissemination to other MLS Participants, for their exclusive use, and should not be relied upon by Buyer/Tenant or any other person. There is no express or implied warranty by HRIS or MLS as to the accuracy of such information, which should be independently verified by Buyer/Tenant or such other person. MLS does not verify the information and disclaims any responsibility for its accuracy. Any estimate of value was prepared using automated processes and should not be considered a comparative market analysis (CMA) or appraisal. You may contact us to provide additional information and analysis for a more accurate estimate of the property's value. Digital images modified or enhanced to alter real property characteristics contain a visible and legible watermark across the bottom of the image “Image does not represent actual property as is”.