Grand Island, NE metro area Housing Market
Cold MarketComprehensive housing market data for the Grand Island, NE metro area metro area. Track home prices, inventory, days on market, and competition — updated monthly for real estate investors.
Data period: January 2026
Median Sale Price
$220K
↓ 2.2% YoY
Days on Market
40 days
↑ 48.1% YoY
Active Inventory
163
↑ 38.1% YoY
Homes Sold
32
↑ 6.7% YoY
Cold Market
Inventory is high and homes are sitting longer — a buyer's market.
Grand Island, NE metro area Market Summary
The Grand Island, NE metro area housing market is cooling down. As of January 2026, the median home sale price is $220K, down 2.2% year-over-year. Homes are spending a median of 40 days on the market, 48.1% longer than a year ago.
There are 163 homes for sale — 38.1% more than last year. With 5.1 months of supply, this is a balanced market. 51 new listings were added during this period, up 6.3% year-over-year.
Homes are selling for 96.2% of their list price on average, suggesting room for negotiation. 18.8% of homes sell above their asking price. 30.7% of listings have had a price drop.
Market Opportunity Score
Based on current market conditions
80
Contributing Factors
How This Market Compares
vs. National Median
vs. Nebraska Median
Investor Takeaway
The cooling market may present buying opportunities with less competition and more negotiating leverage. High inventory relative to sales pace means buyers have options and sellers may be flexible on price. A significant share of sellers are cutting prices, which can signal motivated sellers and potential deals. Prices are 48% below the national median, which could indicate stronger cash flow potential.
Grand Island, NE metro area Market Trends
Median Sale Price
Median Days on Market
Active Inventory
Homes Sold
Price per Square Foot
Sale-to-List Ratio
New Listings
Listings with Price Drops
Detailed Market Metrics
Median List Price
$265K
Price per Sq Ft
$122
Sale-to-List Ratio
96.2%
Months of Supply
5.1
Sold Above List
18.8%
Price Drops
30.7%
New Listings
51
↑ 6.3% YoY
Pending Sales
44
Off Market in 2 Weeks
22.7%
Other Markets in Nebraska
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$304K · 40d on market
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$291K · 35d on market
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Scottsbluff, NE metro area
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Norfolk, NE metro area
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Fremont, NE metro area
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Hastings, NE metro area
$155K · 41d on market
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Try It FreeHousing market data provided by Redfin, a national real estate brokerage. Not financial advice. Always consult a qualified professional before making investment decisions.