GRAND ISLAND REAL ESTATE MARKET UPDATE
July 2026
The Grand Island housing market remained seller-favorable in July, with just over three months of available inventory and steady absorption across the market.
At the end of July, Grand Island had 120 active residential listings and 64 pending listings. Over the past six months, 235 homes sold, which equals an average sales pace of approximately 39 homes per month. Based on that pace, Grand Island currently has about 3.06 months of inventory.
In simple terms, if no new homes came on the market, the current supply of homes would sell in a little over three months at the recent sales pace. That remains a healthy market for sellers overall.
The strongest demand continues to be in the lower price ranges. Homes under $200,000 are especially scarce, with only 3 active listings and 11 pending properties at the time of the report. That price range has only 0.5 months of inventory, which indicates an extremely tight segment.
The $200,000 to $300,000 range also remains strong, with 49 active listings, 24 pending listings, and 102 sales over the past six months. That creates approximately 2.9 months of inventory, which is still favorable for sellers.
The $300,000 to $400,000 range is slightly more balanced but still healthy, with approximately 3.8 months of inventory. Above $400,000, the market becomes more selective. Homes between $400,000 and $500,000 currently show about 5.3 months of inventory, while homes between $500,000 and $750,000 show about 4.6 months.
Compared with June, active listings increased slightly from 115 to 120, while pending listings declined slightly from 66 to 64. Closed sales for the month declined from 62 to 42, but the broader six-month sales count increased from 224 to 235. Months of inventory remained nearly unchanged, moving from 3.08 to 3.06 months.
Average days on market improved from 75 days in June to 58 days in July, which suggests homes that are selling are moving more efficiently. The sold-to-list price ratio also improved slightly, from 95.43% to 95.51%.
Average sale price and median sale price were lower in July compared with June. The average sale price declined from $333,000 to $291,476, while the median sale price declined from $306,500 to $254,500. This should be interpreted carefully. In a smaller local market, monthly price averages can shift simply because a different mix of homes sold.
The main takeaway is that Grand Island remains a healthy market, but price range matters. Sellers in the lower and middle price ranges continue to benefit from limited inventory. Sellers in higher price ranges need to be more strategic with pricing, preparation, and marketing.
For buyers, opportunities still exist, especially above $400,000 where inventory is less constrained. However, buyers in the most affordable price ranges should expect competition and be prepared to act quickly when the right home becomes available.
