Kirstine Openshaw's Localized Market Report
Graford, TX 76449
Single-Family Homes
The Openshaw Realty Group | Team@OpenshawRealty.com | 940-372-0044
Graford, TX 76449
Sun Feb 23 2025
This week the median list price for Graford, TX 76449 is $879,000 with the market action index hovering around 27. This is about the same as last month's market action index of 27. Inventory has increased to 71.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Buyer's Advantage
Market Narrative
While prices have recently plateaued, this is a buyer’s market and the supply of homes listed has started growing relative to demand. This indicates that prices could easily resume a downward trend in conjunction with the MAI. Prices are unlikely to move significantly higher until there is a persistent upward shift in the MAI.
Real-Time Market Profile
| Median List Price | $879,000 | |
| Median Price of New Listings | $1,877,500 | |
| Per Square Foot | $394 | |
| Average Days on Market | 213 | |
| Median Days on Market | 161 | |
| Price Decreased | 24% | |
| Price Increased | 4% | |
| Relisted | 17% | |
| Inventory | 71 | |
| Median Rent | ||
| Market Action | 27 | |
| Slight Buyer's Advantage | ||
We continue to see prices in this zip code bouncing around this plateau. Look for a persistent up-shift in the Market Action Index before we see prices move from these levels.
Market Segments
Each segment below represents approximately 25% of the market ordered by price.
| Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
|---|---|---|---|---|---|---|---|---|
| $2,399,000 | 3,472 | 0.5 - 1 acre | 4 | 4 | 14 | 3 | 2 | 84 |
| $1,495,000 | 2,885 | 0.5 - 1 acre | 4 | 4 | 16 | 1 | 0 | 280 |
| $724,500 | 2,307 | 1 - 2.5 acres | 3 | 2.5 | 15 | 0 | 0 | 115 |
| $409,000 | 1,395 | 0.25 - 0.5 acre | 3 | 2 | 18 | 0 | 0 | 192 |