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Featured local agent — Granite Bay, CA
Sarah Mitchell
Compass Real Estate · Granite Bay, CA
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Granite Bay, CA Housing Market & Real Estate
Housing market overview · Updated monthly ·
$1.26Mmedian sale price
How is the Granite Bay, CA housing market right now?
The median home sale price in Granite Bay, CA is $1.26M, down 12.1% year-over-year. Homes sell in an average of 30 days with 66 active listings. The market is currently a 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 Granite Bay a buyer's or seller's market?
Granite Bay, CA is currently a seller's market, based on 2.4 months of supply and homes selling in about 30 days. How we determine this →
Homes sold
28
Last 12 weeks
Days on market
30
Average pace
Active listings
66
2.4 months supply
Sale-to-list
100.1%
Above asking
What does the Granite Bay housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $1.26M |
| Median list price | $1.33M |
| Year-over-year price change | -12.1% |
| Average days on market | 30 days |
| Active inventory | 66 listings |
| Months of supply | 2.4 months |
| Sale-to-list price ratio | 100.1% |
| Median price per sq ft | $420/sq ft |
| Homes sold (latest month) | 28 |
| New listings (latest month) | 28 |
| Listings with a price cut | 33.3% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Granite Bay by property type?
How the Granite Bay, 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 | $1.26M | $420/sq ft | 28 | 30 days |
| Condo / Co-op | $636,000 | $331/sq ft | 1 | 16 days |
| Townhouse | $715,000 | $336/sq ft | 1 | 52 days |
Source: Redfin · Updated monthly
The Granite Bay housing market is currently classified as a seller's market with a median sale price of $1.26M. Prices have fallen 12.1% compared to last year, with homes spending an average of 30 days on market, indicating 2.4 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 6.2x provides context for how home values compare to local earning capacity.
Market trends
Homes for sale in Granite Bay
There are currently 66 homes listed for sale in Granite Bay, California. The median listing price is $1.3M.
Active listings
66
Homes on market
Median list price
$1.3M
Avg. days on market
30
Days until sale
New this week
28
Newly listed
Who lives in Granite Bay?
Population
21,378
Median income
$190,000/yr
Median age
48.1 years
Owner-occupied
90.3%
College grads
62.0%
Avg commute
26.8 min
Source: U.S. Census Bureau ACS
What are homes worth in Granite Bay?
Zillow home value
$1.17M
Zillow rent index
$3,516/mo
Price-to-rent ratio
27.8x
Price-to-income
6.2x
Source: Zillow Research
What is it like to live in Granite Bay?
Granite Bay is a community of approximately 21K residents with a median age of 48.1 years.The median household income is $190,000, which reflects a relatively affluent area with strong earning potential. 62.0% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 90.3%, reflecting strong community stability and long-term resident commitment. The average commute time is 26.8 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Granite Bay offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Granite Bay?
5 schools tracked · 3,979 students
The largest public schools serving Granite Bay, 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.
Granite Bay High
Grades 9-12 · 2,005 students
Oakhills Elementary
Grades K-3 · 533 students
Greenhills Elementary
Grades K-3 · 523 students
Ridgeview Elementary
Grades 4-6 · 519 students
Willma Cavitt Junior High
Grades 7-8 · 399 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 Granite Bay, CA?
Want a head-to-head view? Compare Granite Bay side-by-side with any other U.S. city using our market-comparison tool.
Is Granite Bay a good real estate investment market?
For investors evaluating Granite Bay, the price-to-rent ratio of 27.8x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has softened 12.1% year-over-year, potentially creating entry opportunities for strategic buyers.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Granite Bay's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Granite Bay's median home price.
Frequently asked questions
What is the average home price in Granite Bay?
The median home sale price in Granite Bay is $1.26M, down 12.1% from last year.
How long do homes stay on market in Granite Bay?
Homes typically spend 30 days on market before going under contract.
What is the median income in Granite Bay?
The median household income is $190,000 per year.
Is Granite Bay a buyer's or seller's market?
With 2.4 months of supply, Granite Bay is currently a seller's market.
What is the Zillow home value estimate for Granite Bay?
The Zillow Home Value Index (ZHVI) for Granite Bay is $1.17M, representing the typical home value in the area.
What is the median condo price in Granite Bay?
The median condo/co-op sale price in Granite Bay, CA is $636,000, compared to $1.26M for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Granite Bay?
The median single-family home price in Granite Bay, CA is $1.26M (about $420 per square foot).
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