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Featured local agent — Grand Prairie, TX
Sarah Mitchell
Compass Real Estate · Grand Prairie, TX
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Grand Prairie, TX Housing Market & Real Estate
Housing market overview · Updated monthly ·
$355,000median sale price
How is the Grand Prairie, TX housing market right now?
The median home sale price in Grand Prairie, TX is $355,000, down 0.6% year-over-year. Homes sell in an average of 41 days with 311 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 Prairie a buyer's or seller's market?
Grand Prairie, TX is currently a seller's market, based on 2.4 months of supply and homes selling in about 41 days. How we determine this →
Homes sold
128
Last 12 weeks
Days on market
41
Average pace
Active listings
311
2.4 months supply
Sale-to-list
98.3%
Below asking
What does the Grand Prairie housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $355,000 |
| Median list price | $389,700 |
| Year-over-year price change | -0.6% |
| Average days on market | 41 days |
| Active inventory | 311 listings |
| Months of supply | 2.4 months |
| Sale-to-list price ratio | 98.3% |
| Median price per sq ft | $169/sq ft |
| Homes sold (latest month) | 128 |
| New listings (latest month) | 134 |
| Listings with a price cut | 31.8% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Grand Prairie by property type?
How the Grand Prairie, TX market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $355,000 | $172/sq ft | 120 | 40 days |
| Condo / Co-op | $122,000 | $162/sq ft | 1 | 139 days |
| Townhouse | $351,550 | $151/sq ft | 8 | 56 days |
Source: Redfin · Updated monthly
The Grand Prairie housing market is currently classified as a seller's market with a median sale price of $355,000. Prices have fallen 0.6% compared to last year, with homes spending an average of 41 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 4.0x provides context for how home values compare to local earning capacity.
Homes for sale in Grand Prairie
There are currently 311 homes listed for sale in Grand Prairie, Texas. The median listing price is $390K.
Active listings
311
Homes on market
Median list price
$390K
Avg. days on market
41
Days until sale
New this week
134
Newly listed
Who lives in Grand Prairie?
Population
198,564
Median income
$78,889/yr
Median age
33.5 years
Owner-occupied
57.9%
College grads
29.1%
Avg commute
28.4 min
Source: U.S. Census Bureau ACS
What are homes worth in Grand Prairie?
Zillow home value
$319,091
Zillow rent index
$1,610/mo
Price-to-rent ratio
16.5x
Price-to-income
4.0x
Source: Zillow Research
What is it like to live in Grand Prairie?
Grand Prairie is a community of approximately 199K residents with a median age of 33.5 years.The median household income is $78,889, which reflects a relatively affluent area with strong earning potential. 29.1% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 57.9%, showing a blend of owner and renter-occupied properties. The average commute time is 28.4 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Grand Prairie offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Grand Prairie?
50 schools tracked · 35,756 students
The largest public schools serving Grand Prairie, TX 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.
SOUTH GRAND PRAIRIE H S
Grades 9-12 · 3,364 students
GRAND PRAIRIE H S
Grades 9-12 · 2,914 students
JOHN A DUBISKI CAREER H S
Grades 9-12 · 1,573 students
ADVANTAGE ACADEMY
Grades PK-12 · 971 students
ILTEXAS GRAND PRAIRIE EL
Grades K-5 · 931 students
RONALD W REAGAN MIDDLE
Grades 6-8 · 927 students
GRAND PRAIRIE FINE ARTS ACADEMY
Grades 6-12 · 884 students
ANDREW JACKSON MIDDLE
Grades 6-8 · 872 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 Prairie, TX?
Want a head-to-head view? Compare Grand Prairie side-by-side with any other U.S. city using our market-comparison tool.
Is Grand Prairie a good real estate investment market?
For investors evaluating Grand Prairie, the price-to-rent ratio of 16.5x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has softened 0.6% 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 Grand Prairie's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Grand Prairie's median home price.
Frequently asked questions
What is the average home price in Grand Prairie?
The median home sale price in Grand Prairie is $355,000, down 0.6% from last year.
How long do homes stay on market in Grand Prairie?
Homes typically spend 41 days on market before going under contract.
What is the median income in Grand Prairie?
The median household income is $78,889 per year.
Is Grand Prairie a buyer's or seller's market?
With 2.4 months of supply, Grand Prairie is currently a seller's market.
What is the Zillow home value estimate for Grand Prairie?
The Zillow Home Value Index (ZHVI) for Grand Prairie is $319,091, representing the typical home value in the area.
What is the median condo price in Grand Prairie?
The median condo/co-op sale price in Grand Prairie, TX is $122,000, compared to $355,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Grand Prairie?
The median single-family home price in Grand Prairie, TX is $355,000 (about $172 per square foot).
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