| Metric | Latest | Detail |
|---|---|---|
| Median listing price | $305,750 | +2.3% YoY |
| Median price per sq ft | $130 | 2,512 sq ft median |
| Median days on market | 64 | +9% YoY |
| Active listings | 194 | -2% YoY |
| New listings this month | 56 | September 2026 |
| Listings with a price cut | 21% | Share of active |
| Median sale price (closed) | $269,086 | -10.3% YoY · closed sales, July 2026 |
| Sale-to-list ratio | 96.7% | Closed sales, July 2026, seasonally adjusted |
| Pending-to-active ratio | 3.9% | 8 pending |
| Inventory vs 2019 | 125% | Active listings vs same month in 2019 |
| Gross rental yield | 4.6% | 2BR fair market rent |
Metropolitan market · Nebraska · September 2026 data
What is the Grand Island, NE real estate market doing?
As of September 2026, the median home listed in Grand Island, NE asks $305,750, up 2.3% year over year. Homes spend a median of 64 days on market, with 194 active listings and 21% carrying a price cut; pending contracts equal 4% of active listings, and inventory sits at 125% of the same month in 2019 — a buyer's market. Estimated gross rental yield on the median listing is 4.6%. Figures come from public records and industry data, updated monthly.
Median listing price
$305,750
▲ 2.3% YoY
Median $ / sq ft
$130
2,512 sq ft median
Median days on market
64
September 2026
Active listings
194
For sale now
New listings
56
September 2026
Listings with price cuts
21%
Share of active
Inventory vs 2019
125%
Same month, 2019 = 100
Pending / active
4%
Contract activity
Median sale price (closed)
$269,086
▼ 10.3% YoY · closed sales · July 2026
Sale-to-list ratio
96.7%
Closed sales · July 2026, seasonally adjusted
Homes sold / month
59
Closed sales · July 2026, seasonally adjusted
What is the Grand Island, NE housing market doing right now?
The Grand Island, NE housing market lists at a $305,750 median as of September 2026, up 2.3% year over year, with a 64-day median market time and 194 homes for sale (21% with a price cut). Active inventory is 125% of the 2019 level, reading as a buyer's market under WealthyBud's published buyer/seller rule. Gross rental yield is about 4.6%.
Grand Island housing market statistics
The table summarizes Grand Island's key housing figures for September 2026 — median listing and closed-sale prices, market pace, inventory and rental yield — each computed from public records and industry data. Closed-sale figures are Redfin's July 2026 data, the latest settled month Redfin reports for Grand Island.
How have home prices changed in Grand Island?
Grand Island home prices are up 2.3% year over year and +2.3% month over month as of September 2026, at a $305,750 median listing price. The chart tracks the trailing eight-quarter trend in the metro's median asking price.
Median listing price, Grand Island NE · trailing 8 quarters · source: public records and industry data.
The 10-year view
10-year median listing price, Grand Island NE · June of each year, 2017–2026 · source: public records and industry data.
How much inventory is on the market in Grand Island?
Grand Island has 194 active listings, 56 new this month, 8 pending as of September 2026. About 21% of active listings have cut their price, and inventory sits at 125% of its 2019 level — a buyer's market by pace.
Is Grand Island a good real estate investment?
Grand Island scores 51/100 on WealthyBud's composite Investor Score, ranking #436 of 933 covered U.S. metros as of September 2026. The score blends price momentum, value, rental yield, supply and market heat into one percentile. It is a research opinion, not advice.
Investor Score
51/100
#436 of 933 covered metros
Price volatility
Low
σ 4.4% · 20-yr price-index swings
Grand Island scores 51/100 on our composite Investor Score (#436 of 933 covered metros), a percentile blend of momentum, value, rental yield, supply and market-heat readings; the metro's long-run house price index has it up 50% over five years and +90% over ten, leaving prices 40% above its own 2000–2019 trend; at the published FY2026 fair market rent of $1,176/mo for a two-bedroom, the gross rental yield on the median listing is about 4.6%; active inventory sits at 125% of its June 2019 level, so supply is fully rebuilt past pre-pandemic norms; listing prices are up 2.3% year over year; all against a national 30-year fixed mortgage rate of 7.28% (national weekly average, 2026-10-01).
Scores are percentile ranks (0–100) across all covered U.S. metros, computed from the public data cited on this page — formulas here. They are data-derived opinions, not investment advice. See how Grand Island ranks on the trending markets index.
How much is a monthly mortgage payment in Grand Island?
A home at Grand Island's $305,750 median listing runs about $1,674 a month in principal and interest — 20% down on a 30-year fixed loan at the current 7.28% national average rate. Taxes, insurance and HOA are extra.
If rates fall 1% · 6.28%
$1,511/mo
−$163/mo vs today
At today's rate · 7.28%
$1,674/mo
National weekly average
If rates rise 1% · 8.28%
$1,843/mo
+$169/mo vs today
Principal & interest on the $305,750 median listing with 20% down and a 30-year fixed loan — excludes taxes, insurance and HOA. Current rate: 7.28% (national weekly average, 2026-10-01). Model a full deal in the deal analyzer.
How much income do you need to buy a home in Grand Island?
To buy Grand Island’s $305,750 median listing with 20% down, a household needs about $86,000 a year in gross income, keeping principal, interest and property tax ($2,012/mo) at 28% of income. That is 1.3× the area’s $67,397 median household income, so a typical Grand Island household cannot afford the median listing on these terms.
| Item | Amount | Basis |
|---|---|---|
| Median listing price | $305,750 | September 2026 |
| Down payment (20%) | $61,150 | Assumption |
| Principal & interest (7.28%, 30-yr fixed) | $1,674/mo | Rate as of 2026-10-01 |
| Property tax (1.33% effective rate) | $339/mo | Census ACS |
| Income needed (28% rule) | $86,000 | Gross household income / yr |
| Median household income | $67,397 | Census ACS 2023 ACS 5-year |
Excludes homeowners insurance, HOA dues and mortgage insurance, so the true income needed is higher. Compare every market in the income-needed ranking and the price-to-income ranking.
What is driving the Grand Island housing market?
Longer-run demand in Grand Island shows up in 255 homes permitted in 2025; net migration of -560 residents; +1.0% job growth. Natural-hazard risk rates Relatively Low. These federal supply-pipeline, migration and jobs signals shape where prices head next.
Building permits (2025)
255
▼ 17.7% vs 2024
3.3 per 1,000 residents
Net migration (2022–2023)
-560
▼ people, via tax-return records
net income flow −$23.4M/yr
Job growth (YoY)
+1.0%
▲ 40.6k nonfarm jobs · August 2026
Natural-hazard risk
Relatively Low
National hazard index · top hazard: Riverine flooding
Based on public government records — building-permit, tax-return migration, employment and natural-hazard statistics, aggregated to the metro. Details on /methodology.
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ReadGrand Island housing market FAQ
What is the median home price in Grand Island?
As of September 2026, the median listing price in Grand Island, NE is $305,750, up 2.3% year over year (source: public records and industry data). Figures cover the Grand Island, NE metro area.
How much does it cost to buy a home in Grand Island?
The median home listed in Grand Island asks $305,750 as of September 2026. With 20% down on a 30-year fixed loan at the current 7.28% national average rate, that runs about $1,674 a month in principal and interest, before taxes, insurance and HOA.
How fast are homes selling in Grand Island?
The median property in Grand Island spends 64 days on the market, with 194 homes actively listed and 21% of them carrying a price cut — a buyer's market as of September 2026.
Is it a buyer's or seller's market in Grand Island?
With a median 64 days on market and 21% of active listings carrying a price cut, pending contracts at 4% of active listings, Grand Island reads as a buyer's market as of September 2026. Labels use WealthyBud's published DOM / sale-to-list / price-cut / pending rule. Conditions shift monthly.
Is Grand Island a good place to invest in real estate?
Grand Island scores 51/100 on WealthyBud's Investor Score, ranking #436 of 933 covered U.S. metros as of September 2026. The score blends price momentum, value, rental yield, supply and market heat. It is a data-derived research opinion, not investment advice.
Who are the top real estate agents in Grand Island?
See WealthyBud directories for the top-producing agents, teams and brokerages serving Grand Island and the wider Nebraska market, ranked by recent sales from public profile data.
Based on public records and industry data, September 2026 — see our methodology for how every figure is computed. Figures cover the Grand Island, NE metro area. Figures change monthly — verify current conditions with a local agent or MLS. Portions of market data courtesy of Realtor.com and Redfin; additional statistics from U.S. government sources.
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