Granbury, TX Housing Market

Market Overview

Granbury’s PropertyIQ Score of 32 out of 100 places the market in weak-to-moderate territory. The score’s top drivers are a median days-on-market figure of 68 days and a 24.5% share of listings with a price cut, both of which indicate that homes are taking time to sell and sellers are adjusting prices. Against state benchmarks, Granbury’s median home value of $385,000 is well above the state average of $299,367, a difference of about $85,633 or roughly 29%. Its rent index of $1,656 is also above the state average of $1,403, while the median household income of $88,160 exceeds the state average of $78,476. The unemployment rate is 4.5%, matching the state average.

This combination suggests a higher-cost market relative to the state, but not one with strong momentum. The year-over-year home value change is $1, essentially flat, and there are 641 homes for sale. Population growth data is not available. On balance, Granbury’s weak score and elevated days on market point to softer conditions than the state-level benchmarks alone would suggest.

Key Trends

First, home price movement is flat. The home value year-over-year change is $1, effectively no appreciation. That stands in contrast to a median home value of $385,000, which is roughly 29% above the state average of $299,367. High prices without price growth can limit short-term equity gains.

Second, inventory and market pace point to cooling. Granbury has 641 homes for sale, and the median days on market is 68 days. Nearly one in four listings, 24.5%, has had a price cut. These two factors are the top score drivers for the PropertyIQ Score and help explain the 32/100 reading.

Third, local incomes are above the state average but do not fully close the affordability gap. The median household income of $88,160 is about 12.3% above the state average of $78,476. However, the median home value is about 29% above the state average. In simple ratio terms, the local median home value is about 4.4 times the median household income, while the state ratio is about 3.8 times. This suggests housing costs are more stretched relative to local incomes than the state benchmark.

Fourth, rents are elevated. Granbury’s rent index is $1,656, compared with $1,403 for the state. Higher rents can support rental demand, but because median home values are even more above the state average than rents, the higher rent level does not automatically translate into more favorable yields for investors.

Who Is This Market For

Based on the metrics, Granbury may suit patient buyers and long-term rental investors more than short-term flippers. The median home value of $385,000 is above the state average, so buyers likely need above-average incomes; the local median household income of $88,160 helps, but it is not enough to fully offset the higher price level. Move-up buyers or households relocating from more expensive areas may find relative value, especially with 24.5% of listings having price cuts and a median days on market of 68 days, which can give buyers negotiation room.

For investors, the flat year-over-year home value change of $1 means this is not a market where the data support near-term appreciation plays. However, the rent index of $1,656 is above the state average of $1,403, which may interest buy-and-hold investors seeking rental income. The unemployment rate matching the state average at 4.5% offers some stability, but the weak PropertyIQ Score of 32/100 means investors should underwrite conservatively. First-time buyers may face barriers at this median price point, though price cuts and slower sales could create opportunities for well-qualified buyers.

Outlook

The near-term outlook in Granbury is cautious. With home value year-over-year change at $1, there is no current data signal for price growth. A median days on market of 68 days and 24.5% of listings with a price cut suggest buyers retain negotiating leverage. Inventory of 641 homes for sale is a meaningful supply signal. Meanwhile, median household income of $88,160 and an unemployment rate of 4.5% provide a stable economic backdrop compared with state benchmarks, but population growth data is not available, so demand from new residents cannot be measured. Unless days on market shorten or the share of price cuts declines, the data point to continued softness rather than rapid appreciation. Sellers may need to price competitively, while buyers and long-term investors can take a patient approach.