G
rant County's real estate landscape is experiencing a subtle yet significant shift. Home prices are edging upward, inventory is expanding, and homes are lingering on the market longer than they did last year – all indicators pointing to a buyer-friendly environment.

    According to Rocket Homes data, the median sale price for Grant County homes rose 1.3% in February to $343,804, with the price per square foot reaching $236. Redfin reported an even higher median sale price of $359,000, representing a 17.1% year-over-year increase. However, sales activity has slowed dramatically, with only 39 homes sold or pending last month – a 32.8% decline from January.

    Homes in Grant County are taking longer to sell, averaging 75 days on the market compared to 44 days last February. This extended listing period suggests weaker demand and gives buyers more negotiating power. Of the homes sold, 44% closed below asking price, while 18% exceeded it – a trend reflected in the average sale-to-list ratio of 97.7%.

    Inventory growth is another notable trend, with active listings increasing by 3% month-over-month to 414. Larger homes are driving this expansion, particularly five-bedroom properties which saw an 11.1% increase in availability.

    Grant County's affordability remains a draw for buyers seeking value amidst rising prices statewide. However, inflation and interest rates continue to impact purchasing power across the region. Neighboring counties displayed varied trends, with Douglas County experiencing stronger price growth at 6.9%, while Lincoln County led the region with a notable 12.6% jump in home values.

    As Grant County's real estate market stabilizes with incremental price increases and growing inventory, buyers are gaining an upper hand. Those seeking reasonably priced homes with room for negotiation may find opportunities amidst shifting market dynamics.