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Featured local agent — Grey Forest, TX
Sarah Mitchell
Compass Real Estate · Grey Forest, TX
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Grey Forest, TX Housing Market
The typical home in Grey Forest, TX is worth $385,282, fell 3.7% over the past year (Zillow Home Value Index, August 2026). The last median sale price Redfin published was $105,000 (through May 2026). With 4.0 months of supply and homes going under contract in about 11 days, Grey Forest is a balanced market. At today's 7.03% 30-year fixed rate, 20% down on a $385,282 home is about $2,057/mo in principal and interest.
Key numbers for Grey Forest, TX
Typical home value
$385,282
-3.7% in 12 months
Zillow, August 2026
Median sale price
$105,000
Last published period
Redfin, through October 2025
Days on market
11
Fast-moving
Redfin, through October 2025
Active listings
4
4.0 months of supply
Redfin, through October 2025
30-yr fixed rate
7.03%
Freddie Mac weekly average
Freddie Mac via FRED, September 2026
Median household income
$122,222
Home costs 3.2x income
U.S. Census ACS, 2023
Sale-to-list ratio
72.4%
Selling below asking
Redfin, through October 2025
Zillow figures are as of August 2026 and refresh monthly. Redfin figures are through May 2026 — Redfin stopped publishing its public market trackers in June 2026, so those numbers are final, not current. Mortgage rates come from Freddie Mac via FRED and update weekly.
Is Grey Forest a buyer's or seller's market?
Grey Forest, TX is a balanced market, based on 4.0 months of supply and homes selling in about 11 days. 4 to 5 months of supply is the neutral band: neither side holds a structural advantage, and outcomes turn on the individual property.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Grey Forest housing market data show?
Every row below is Redfin's final published month for Grey Forest, TX. Redfin, through October 2025
| Metric | Value |
|---|---|
| Median sale price | $105,000 |
| Median list price | $145,000 |
| Median price per sq ft | $152/sq ft |
| Median days on market | 11 days |
| Active inventory | 4 listings |
| Months of supply | 4.0 months |
| Sale-to-list price ratio | 72.4% |
| Homes sold (that month) | 1 |
| New listings (that month) | 1 |
| Listings with a price cut | 25.0% |
| Market condition | Balanced market |
How to read these numbers
- Median sale price
- Half the homes that closed sold for more than this, half for less. It moves with what kind of home sold that month, so a quiet month with two big sales can swing it. Redfin's figure for Grey Forest is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Grey Forest is worth right now, whether or not it sold. It is smoother than the median sale price and it still refreshes monthly, which is why this page leads with it.
- Months of supply
- How long it would take to sell every active listing at the current pace. Under 3 favors sellers, over 6 favors buyers, and 3 to 6 is the balanced band.
- Days on market
- Median time from listing to accepted offer. Short means you should have financing ready before you tour; long means there is room to negotiate on price and repairs.
- Sale-to-list ratio
- Sale price divided by the last asking price. Above 100% means bidding above asking is normal here; below 100% means the typical buyer got a discount.
- Price per square foot
- The size-adjusted price. Use it to compare a 1,400 sq ft house to a 2,600 sq ft house, not to value your own home — lot, condition and age move it a lot.
- Listings with a price cut
- Share of active listings that dropped their asking price in the month. A high share is the earliest visible sign that sellers are ahead of what buyers will pay.
- Typical asking rent (ZORI)
- Zillow's repeat-rent index for asking rents on new leases. Paired with the home value it gives the price-to-rent ratio in the rent-vs-buy section below.
How have Grey Forest home prices moved?
Across the 24 months we hold for Grey Forest, TX, the median sale price fell 53.7%, from $227,000 in July 2021 to $105,000. The live Zillow value series has fell 3.7% in the last 12 months, which is the more current read now that Redfin's series has stopped. 25.0% of Grey Forest listings cut their asking price in the final Redfin month — a modest share, which is what a market looks like when sellers are pricing close to where homes actually clear. For prices to fall meaningfully from here, supply would have to keep building past 4.0 months while the sale-to-list ratio slips below its current 72.4%. Watch those two together — they move before the median does.
Redfin, through October 2025 — the chart ends at Redfin's final published month.
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What does it cost to buy a home in Grey Forest?
Priced off the typical home value of $385,282 at the current 7.03% 30-year fixed rate. These are principal and interest only — property taxes, homeowner's insurance, HOA dues and mortgage insurance are on top, and they vary enough by property that we will not guess them for you.
| Down payment | Cash at close | Loan amount | Monthly P&I |
|---|---|---|---|
| 20% | $77,056 | $308,226 | $2,057/mo |
| 5% | $19,264 | $366,018 | $2,443/mo |
Zillow, August 2026 for the price · Freddie Mac via FRED, September 2026 for the rate
What income do you need?
Lenders generally want housing costs under 28% of gross income. On the 20%-down payment of $2,057, that implies roughly $88,151 a year before you add taxes and insurance. The median household in Grey Forest earns $122,222, about $34,071 more than that threshold — the typical local household clears the payment on a typical local home with 20% down. That puts the price-to-income ratio at 3.2x — close to the historical 3x norm, which is unusual in 2026.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Grey Forest in the next 12 months?
Tell us your timeline. We send the Grey Forest market brief: the price ranges that actually clear, how long homes sit, and what to fix on your credit before you apply.
Is it cheaper to rent or buy in Grey Forest?
Zillow does not publish a rent index (ZORI) for Grey Forest, TX, so we cannot compute a price-to-rent ratio here without borrowing a nearby market's rents and calling them local — which we will not do. The rent vs. buy calculator works with a rent figure you supply.
Is inventory rising or falling in Grey Forest?
Active listings in Grey Forest, TX went from 3 in October 2022 to 4 in October 2025, a +33.3% change. Rising inventory is the single most useful leading indicator for buyers: more choice, longer marketing times, and more sellers willing to negotiate before price cuts show up in the median.
| Month | Active listings | New listings |
|---|---|---|
| November 2022 | 5 | 2 |
| December 2022 | 4 | not published |
| January 2023 | 3 | 1 |
| May 2023 | 2 | 1 |
| September 2023 | 1 | 1 |
| November 2023 | 1 | 1 |
| August 2024 | 2 | not published |
| January 2025 | 5 | 2 |
| February 2025 | 5 | 1 |
| June 2025 | 6 | 2 |
| July 2025 | 5 | 1 |
| October 2025 | 4 | 1 |
Redfin, through October 2025
How does Grey Forest compare to Texas and the U.S.?
Grey Forest homes sell for $105,000 — 71% below the Texas median of $356,100. Against the national median of $410,700, Grey Forest runs 74% lower.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Grey Forest, TX | $105,000 | not published | 11 days |
| Texas statewide | $356,100 | +2.1% | 56 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through October 2025 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in Grey Forest
What buyers should watch
- Months of supply, currently 4.0. It turns before price does — when it climbs past 6, sellers start taking offers they would have rejected a quarter earlier.
- The share of listings cutting price, currently 25.0%. A listing that has already cut once is the one most likely to accept below asking.
- The gap between 5% and 20% down here is $386 a month in principal and interest alone, before mortgage insurance. That gap, not the price, is usually what decides your timeline.
- Rate moves. At 7.03%, every full point of rate change moves the payment on a $385,282 home more than a 5% price change does.
- Your credit tier before you shop, not after — it sets the rate you are quoted. Run your numbers first.
What sellers should know
- The median Grey Forest listing goes under contract in 11 days. If yours passes that mark, the market is telling you the price is wrong — not that you need more showings.
- Homes here close at 72.4% of asking. Price to that ratio from day one rather than chasing the market down in cuts.
- In the last published month Grey Forest added 1 new listings against 1 sales — more clearing than arriving, which is the better window to list.
- Your equity moved -3.7% in the last 12 months on the Zillow value series. That, not the price you paid, is what sets your net proceeds.
- Comparable ZIP-level pricing inside Grey Forest varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Grey Forest
There are currently 4 homes listed for sale in Grey Forest, Texas. The median listing price is $145K.
Active listings
4
Homes on market
Median list price
$145K
Avg. days on market
11
Days until sale
New this week
1
Newly listed
How much do homes cost in Grey Forest by property type?
How the Grey Forest, TX market breaks down across single-family homes, condos and townhouses. Redfin, through October 2025
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $105,000 | $152/sq ft | 1 | 11 days |
Who lives in Grey Forest?
American Community Survey estimates for Grey Forest. U.S. Census ACS, 2023
Population
677
Households
294
Median income
$122,222/yr
Median age
57.2 years
Owner-occupied
95.6%
Median home value
$436,500
Median gross rent
$796/mo
Mean commute
28.2 min
95.6% of occupied homes in Grey Forest are owner-occupied, and the rest are rented — which is the share that decides how much of the local housing stock ever reaches the for-sale market. The Census self-reported median home value is $436,500 against Zillow's $385,282 typical value; the gap is normal — ACS asks owners what they think their home is worth, Zillow models transactions.
Which cities are near Grey Forest, TX?
Ordered by distance from Grey Forest, not by size. Compare Grey Forest side by side with any of them.
Grey Forest housing market FAQ
Is Grey Forest a buyer's or seller's market?
Grey Forest, TX is currently a balanced market. That read comes from 4.0 months of supply, homes going under contract in about 11 days, and sellers getting 72.4% of their asking price in the last month Redfin published (May 2026).
How much do homes cost in Grey Forest?
The typical home in Grey Forest, TX is worth $385,282 (Zillow Home Value Index, August 2026). The median sale price in the last month Redfin published was $105,000, about $152 per square foot.
Is Grey Forest cheaper than the rest of Texas?
Grey Forest's median sale price of $105,000 is 71% lower than the Texas statewide median of $356,100, and 74% below the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Grey Forest?
Homes in Grey Forest, TX spent a median of 11 days on market before going under contract, versus 56 days statewide. Under three weeks means well-priced listings move before most buyers can schedule a second showing. (Redfin, through May 2026.)
What income do you need to buy a home in Grey Forest?
At the current 30-year fixed rate of 7.03%, 20% down on a $385,282 home is about $2,057 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $88,151 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $122,222.
Are home prices rising in Grey Forest?
The typical home value in Grey Forest, TX fell 3.7% over the last 12 months, from $399,962 to $385,282 (Zillow, August 2026). This is the live series — it refreshes monthly.
What are the cheapest ZIP codes in Grey Forest?
Grey Forest ZIP-level sale prices are not all published for the same period, so ranking them would compare different months. The ZIP pages listed on this page show what we hold for each one individually.
Is now a good time to buy in Grey Forest?
That depends on your timeline, not on a headline. What the data says today: Grey Forest, TX is a balanced market with 4.0 months of supply, the 30-year fixed rate is 7.03%. Properties Incorporated publishes the data; it does not give financial advice.
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