Is Granite Shoals, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Granite Shoals is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Granite Shoals was a Seller's Market.

Key Takeaway

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

Housing Prices in Granite Shoals, TX

How much do homes in Granite Shoals, TX cost?

Median Sold Price

$350,000

$242/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$22,000(-5.9%)

Key Takeaway

Homes in Granite Shoals have sold for 5.9% less than they did a year ago.

Summary: The median home sold price in Granite Shoals was $350,000 in October 2024, down 5.9% from last year, and the median price per square foot was $242.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $195K$196K
0.5%
2 $386.2K$210K
-45.6%
3 $331.7K$350K
+5.5%
4 $1.3M$2.0M
+48.4%
5+ $2.1M$4.0M
+87.4%

Summary: Granite Shoals housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.5%, 2 bedroom homes decreased by 45.6%, 3 bedroom homes increased by 5.5%, 4 bedroom homes increased by 48.4%, and 5+ bedroom homes increased by 87.4%.

Median Sold Price Compared To Nearby Cities

Llano South
-3.5%
Granite Shoals
-5.9%

Housing Supply in Granite Shoals, TX

How many homes are available in Granite Shoals, TX?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
3738+2.7%

Summary: The Granite Shoals real estate market had 38 homes for sale in October 2024, a 2.7% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 47
+75.0%
3 2624
-7.7%
4 54
-20.0%
5+ 12
+100.0%

Summary: The Granite Shoals housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 75%, 3 bedroom homes decreased by 7.7%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
75-28.6%

Asking Price vs. Sold Price

5 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 Granite Shoals, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in Granite Shoals in October 2024, down by 28.6% month-over-month. Of the 5 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Granite Shoals, TX

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

Average Sale Time

Oct 2023Oct 2024CHANGE
54 Days62 Days+13.8%

Summary: Homes in Granite Shoals had an average of 62 days on market in Oct 2024, up by 13.8% compared to last year.

Breakdown of Home Sale Times

3 Homes Were 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

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

Summary: During October 2024, 5 homes were sold in Granite Shoals; 60% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 40% 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 16 Days Ago

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