New Listing
7
$150,000
816 S Kimball St
Grand Island, NE 68801
3 bd1 ba845 sqft$178/ft²
House6,795 sqft lot
Pamela Fieldgrove · Nebraska Realty
View photos & details
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Compass Real Estate · Grand Island, NE
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Grand Island, NE Housing Market & Real Estate
Seller's market+5.8% YoY
Housing market overview · Updated monthly ·
$282,000median sale price
How is the Grand Island, NE housing market right now?
The median home sale price in Grand Island, NE is $282,000, up 5.8% year-over-year. Homes sell in an average of 27 days with 111 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 Grand Island a buyer's or seller's market?
Seller's market2.1 months of supply27 avg. days on market
Grand Island, NE is currently a seller's market, based on 2.1 months of supply and homes selling in about 27 days. How we determine this →
Homes sold
53
Last 12 weeks
Days on market
27
Average pace
Active listings
111
2.1 months supply
Sale-to-list
98.3%
Below asking
What does the Grand Island housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $282,000 |
| Median list price | $289,950 |
| Year-over-year price change | +5.8% |
| Average days on market | 27 days |
| Active inventory | 111 listings |
| Months of supply | 2.1 months |
| Sale-to-list price ratio | 98.3% |
| Median price per sq ft | $125/sq ft |
| Homes sold (latest month) | 53 |
| New listings (latest month) | 48 |
| Listings with a price cut | 24.3% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Grand Island by property type?
How the Grand Island, NE market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $285,000 | $125/sq ft | 52 | 29 days |
| Townhouse | $300,000 | $97/sq ft | 1 | 386 days |
Source: Redfin · Updated monthly
The Grand Island housing market is currently classified as a seller's market with a median sale price of $282,000. Prices have risen 5.8% compared to last year, with homes spending an average of 27 days on market, indicating 2.1 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 4.1x provides context for how home values compare to local earning capacity.
Homes for sale in Grand Island
There are currently 111 homes listed for sale in Grand Island, Nebraska. The median listing price is $290K. Featured listings range from $150,000 to $525,000.
New Listing
13
$169,600
2320 W 1st St
Grand Island, NE 68803
2 bd1 ba768 sqft$221/ft²
House6,970 sqft lot
Eric Free · Nebraska Realty
View photos & details
New Listing
24
$229,500
3619 Palomino Pl
Grand Island, NE 68801
3 bd3 ba1,404 sqft$163/ft²
House
Maite Belau · Coldwell Banker Action Holdings
View photos & details
New Listing
60
$289,900
2431 N Custer Ave
Grand Island, NE 68803
3 bd3 ba2,480 sqft$117/ft²
House8,712 sqft lot
Julie Connelly · New View Real Estate
View photos & details
New Listing
53
$294,500
2811 Fort Worth Ct
Grand Island, NE 68803
4 bd3 ba1,204 sqft$245/ft²
House20,038 sqft lot
Sheila Reed · Berkshire Hathaway HomeServices Da-Ly Realty
View photos & details
New Listing
36
$305,000
4057 W Capital Ave
Grand Island, NE 68803
3 bd2 ba2,080 sqft$147/ft²
House26,572 sqft lot
Gordon Coble · New View Real Estate
View photos & details
New Listing
25
$310,000
3107 Midway Rd
Grand Island, NE 68803
4 bd3 ba2,696 sqft$115/ft²
House7,013 sqft lot
Piper Kosse · Little Blue Real Estate and Appraisal
View photos & details
New Listing
23
$329,000
4035 Lillie Dr
Grand Island, NE 68803
4 bd3 ba2,348 sqft$140/ft²
House8,712 sqft lot
Jimmy Reed · Berkshire Hathaway HomeServices Da-Ly Realty
View photos & details
New Listing
26
$380,000
2824 Fort Worth Ct
Grand Island, NE 68803
3 bd3 ba2,477 sqft$153/ft²
House27,443 sqft lot
Corey Farlee · Nebraska Realty
View photos & details
New Listing
36
$414,900
4061 Northview Dr
Grand Island, NE 68803
4 bd3 ba3,144 sqft$132/ft²
House13,068 sqft lot
Jimmy Reed · Berkshire Hathaway HomeServices Da-Ly Realty
View photos & details
New Listing
18
$429,900
1627 Stonewood Ave
Grand Island, NE 68803
6 bd2 ba2,820 sqft$152/ft²
House8,276 sqft lot
Sara Gomez · Coldwell Banker Action Holdings
View photos & details
New Listing
40
$525,000
1715 Allegheny Cir
Grand Island, NE 68801
4 bd4 ba4,362 sqft$120/ft²
House15,246 sqft lot
Chris Schwieger · Woods Bros Realty
View photos & details
Looking to buy in Grand Island?
Get connected with a local real estate expert — free, no obligation.
Active listings
111
Homes on market
Median list price
$290K
Avg. days on market
27
Days until sale
New this week
48
Newly listed
Price drops:24.3%of listings
Sale-to-list:98.3%
Who lives in Grand Island?
Population
52,761
Median income
$62,439/yr
Median age
34.5 years
Owner-occupied
59.5%
College grads
20.7%
Avg commute
17.1 min
Source: U.S. Census Bureau ACS
What are homes worth in Grand Island?
Zillow home value
$258,203
Zillow rent index
$1,337/mo
Price-to-rent ratio
16.1x
Price-to-income
4.1x
Source: Zillow Research
What is it like to live in Grand Island?
Grand Island is a community of approximately 53K residents with a median age of 34.5 years.The median household income is $62,439, which represents a working-class community with solid middle-income opportunities. 20.7% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 59.5%, showing a blend of owner and renter-occupied properties. The average commute time is 17.1 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Grand Island offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Grand Island?
27 schools tracked · 11,325 students
The largest public schools serving Grand Island, NE 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 ISLAND SENIOR HIGH SCHOOL
Grades 9-12 · 2,670 students
WALNUT MIDDLE SCHOOL
Grades 6-8 · 789 students
BARR MIDDLE SCHOOL
Grades 6-8 · 663 students
NORTHWEST HIGH SCHOOL
Grades 9-12 · 653 students
WESTRIDGE MIDDLE SCHOOL
Grades 6-8 · 624 students
ENGLEMAN ELEMENTARY SCHOOL
Grades PK-5 · 481 students
HOWARD ELEMENTARY SCHOOL
Grades PK-5 · 463 students
STARR ELEMENTARY SCHOOL
Grades PK-5 · 451 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 Island, NE?
Want a head-to-head view? Compare Grand Island side-by-side with any other U.S. city using our market-comparison tool.
Which ZIP codes are in Grand Island?
Is Grand Island a good real estate investment market?
For investors evaluating Grand Island, the price-to-rent ratio of 16.1x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has appreciated 5.8% 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 Island's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Grand Island's median home price.
Frequently asked questions
What is the average home price in Grand Island?
The median home sale price in Grand Island is $282,000, up 5.8% from last year.
How long do homes stay on market in Grand Island?
Homes typically spend 27 days on market before going under contract.
What is the median income in Grand Island?
The median household income is $62,439 per year.
Is Grand Island a buyer's or seller's market?
With 2.1 months of supply, Grand Island is currently a seller's market.
How many homes are for sale in Grand Island?
There are currently 111 homes listed for sale in Grand Island, NE.
What is the Zillow home value estimate for Grand Island?
The Zillow Home Value Index (ZHVI) for Grand Island is $258,203, representing the typical home value in the area.
How much does a single-family home cost in Grand Island?
The median single-family home price in Grand Island, NE is $285,000 (about $125 per square foot).
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