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Featured local agent — Grand Terrace, CA
Sarah Mitchell
Compass Real Estate · Grand Terrace, CA
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Grand Terrace, CA Housing Market & Real Estate
Housing market overview · Updated monthly ·
$597,000median sale price
How is the Grand Terrace, CA housing market right now?
The median home sale price in Grand Terrace, CA is $597,000, up 2.9% year-over-year. Homes sell in an average of 44 days with 17 active listings. The market is currently a strong seller's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Grand Terrace a buyer's or seller's market?
Grand Terrace, CA is currently a strong seller's market, based on 1.9 months of supply and homes selling in about 44 days. How we determine this →
Homes sold
9
Last 12 weeks
Days on market
44
Average pace
Active listings
17
1.9 months supply
Sale-to-list
100.5%
Above asking
What does the Grand Terrace housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $597,000 |
| Median list price | $602,500 |
| Year-over-year price change | +2.9% |
| Average days on market | 44 days |
| Active inventory | 17 listings |
| Months of supply | 1.9 months |
| Sale-to-list price ratio | 100.5% |
| Median price per sq ft | $341/sq ft |
| Homes sold (latest month) | 9 |
| New listings (latest month) | 8 |
| Listings with a price cut | 17.6% |
| Market condition | Strong seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Grand Terrace by property type?
How the Grand Terrace, CA market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $600,000 | $346/sq ft | 7 | 37 days |
| Condo / Co-op | $384,500 | $331/sq ft | 2 | 68 days |
| Townhouse | $445,000 | $288/sq ft | 4 | 113 days |
Source: Redfin · Updated monthly
The Grand Terrace housing market is currently classified as a strong seller's market with a median sale price of $597,000. Prices have risen 2.9% compared to last year, with homes spending an average of 44 days on market, indicating 1.9 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 7.0x provides context for how home values compare to local earning capacity.
Market trends
Homes for sale in Grand Terrace
There are currently 17 homes listed for sale in Grand Terrace, California. The median listing price is $603K.
Active listings
17
Homes on market
Median list price
$603K
Avg. days on market
44
Days until sale
New this week
8
Newly listed
Who lives in Grand Terrace?
Population
13,069
Median income
$83,668/yr
Median age
37.2 years
Owner-occupied
61.0%
College grads
28.5%
Avg commute
25 min
Source: U.S. Census Bureau ACS
What are homes worth in Grand Terrace?
Zillow home value
$587,173
Zillow rent index
$2,059/mo
Price-to-rent ratio
23.8x
Price-to-income
7.0x
Source: Zillow Research
What is it like to live in Grand Terrace?
Grand Terrace is a community of approximately 13K residents with a median age of 37.2 years.The median household income is $83,668, which reflects a relatively affluent area with strong earning potential. 28.5% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 61.0%, showing a blend of owner and renter-occupied properties. The average commute time is 25 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Grand Terrace offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Grand Terrace?
4 schools tracked · 3,938 students
The largest public schools serving Grand Terrace, CA by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Grand Terrace High Sch at the Ray Abril Jr. Edal Complex
Grades 9-12 · 1,747 students
Terrace Hills Middle
Grades 7-8 · 851 students
Grand Terrace Elementary
Grades K-6 · 681 students
Terrace View Elementary
Grades K-6 · 659 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Grand Terrace, CA?
Want a head-to-head view? Compare Grand Terrace side-by-side with any other U.S. city using our market-comparison tool.
Is Grand Terrace a good real estate investment market?
For investors evaluating Grand Terrace, the price-to-rent ratio of 23.8x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has appreciated 2.9% year-over-year, reflecting ongoing demand and value growth.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Grand Terrace's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Grand Terrace's median home price.
Frequently asked questions
What is the average home price in Grand Terrace?
The median home sale price in Grand Terrace is $597,000, up 2.9% from last year.
How long do homes stay on market in Grand Terrace?
Homes typically spend 44 days on market before going under contract.
What is the median income in Grand Terrace?
The median household income is $83,668 per year.
Is Grand Terrace a buyer's or seller's market?
With 1.9 months of supply, Grand Terrace is currently a strong seller's market.
What is the Zillow home value estimate for Grand Terrace?
The Zillow Home Value Index (ZHVI) for Grand Terrace is $587,173, representing the typical home value in the area.
What is the median condo price in Grand Terrace?
The median condo/co-op sale price in Grand Terrace, CA is $384,500, compared to $600,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Grand Terrace?
The median single-family home price in Grand Terrace, CA is $600,000 (about $346 per square foot).
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