2025 Mid-Year Grand Prairie Real Estate Market Report
Your Local Guide to Prices, Inventory, and Negotiating Power for real estate in Grand Prairie, TX.
This market report is based on data pulled directly from the Multiple Listing Service (MLS) — the system Realtors use to track every active listing, price change, pending contract, and closed sale. Unlike Zillow or other online sites, the MLS provides the most accurate and up-to-date comps and sales numbers. Only licensed Realtors have access to this data, which means what you’re reading here reflects the real story of the Grand Prairie housing market.
This report is brought to you by Jenna Pecor, local realtor with Bancroft Realty, LLC, a Grand Prairie based brokerage. Jenna has been serving the Grand Prairie community for over 10 years and would love to help you buy or sell a home. She specializes in 55+ buyers and sellers and their families who are helping their parents downsize estates.
Are you a Grand Prairie Realtor or Broker who’d like to advertise your services on the Faces of Grand Prairie Real Estate Channel? Send us a message at FacesofGrandPrairie@gmail.com.
📊 Market Activity
The number of active listings in Grand Prairie has been climbing steadily this year, starting at 324 in January and reaching 435 by July. This increase means buyers now have more choices than they did at the start of the year.
We currently have three to four months of inventory, which is considered a healthy level. Months of Inventory is a measure of how long it would take to sell every home on the market if no new listings were added. A balanced market is typically four to six months of inventory. At three to four months, Grand Prairie is leaning slightly toward buyers, but the market remains stable.
For context, during the Great Migration boom after the pandemic, inventory dipped to less than one month. That extreme shortage, fueled by an influx of out-of-area buyers, caused prices to skyrocket. Today’s numbers point to a healthier, more sustainable market environment.
Homes are also selling faster than they were earlier in the year. In January, the average home sat on the market for 71 days, but by July that number had dropped to 49 days. Still, not every part of the city is the same. In South Grand Prairie (75054), homes are taking an average of 64 days to sell — more than 20 days longer than the city’s more affordable ZIP codes.
💲 Pricing Trends
One of the best indicators of market balance is the Close Price to Original Price Ratio, which tells us what percentage of the asking price a home actually sold for.
At 100%, homes sell exactly at list price, and the market is balanced.
Above 100%, homes sell for more than asking, usually due to low inventory and heavy competition — this is when prices are being pushed upward.
Below 100%, homes sell for less than asking, signaling more room for buyers to negotiate.
In Grand Prairie, the ratio has ranged from 96.1% to 97.8% so far this year, which is below 100%. This means buyers are consistently paying less than the original list price. Sellers are still achieving strong numbers compared to historic norms, but buyers currently hold more leverage in negotiations.
📌 ZIP Code Snapshot
The market also looks different depending on which part of the city you’re in.
In South Grand Prairie (75054), homes are averaging $305,014 and selling at 98.1% of asking price, the closest to a balanced market. But they also take about 64 days to sell, which is more than 20 days longer than other areas. The higher price point is slowing down sales, even though sellers still hold more pricing power.
In the rest of Grand Prairie — 75051, 75052, and 75050 — homes are priced lower, averaging between $227,948 and $244,548. These ZIP codes are moving faster, with average days on market between 42 and 46 days. Homes here are more affordable, and that’s attracting buyers and leading to quicker turnover.
Overall, South Grand Prairie is the premium market, but the rest of the city is seeing more buyer activity because of price accessibility.
💵 Property Taxes & Affordability
Home prices aren’t the only factor affecting affordability — property taxes matter just as much. The good news is that recent changes to the homestead exemption have lowered tax bills significantly.
For example, let’s look at a $250,000 home:
In 2023, the homestead exemption was $100,000, leaving a taxable value of $150,000. At that time, the tax bill was about $4,155.
In 2025, the homestead exemption increased to $140,000, lowering the taxable value to $110,000. The actual tax bill this year is $3,050.
That’s a savings of $1,105 per year on the same house, just from the exemption increase.
The exemption has grown dramatically over the past few years — from $25,000 in 2021, to $40,000 in 2022, to $100,000 in 2023, and now $140,000 in 2025. Since school taxes make up the largest portion of property tax bills, this change provides real relief for homeowners and makes Grand Prairie ownership more affordable than it was just two years ago.
📅 Current Market Snapshot (Today)
As of this week:
43 new listings hit the market.
42 homes had a price reduction.
20 homes went pending, and 25 closed sales were recorded.
Very few homes expired or were withdrawn, but 5 canceled listings show that some sellers are rethinking their strategy.
This snapshot reinforces the broader story: homes are still selling, but sellers are adjusting expectations as buyers negotiate more aggressively.
📝 Takeaways
For Sellers
If you’re a seller, don’t just focus on comps — look at days on market. The longer your home sits, the less you’re likely to get in the long run. Pricing realistically upfront is your best strategy. Sellers are still getting strong prices, but the days of the “pandemic premium” are behind us.
For Buyers
If you’re a buyer, this is your time to be aggressive. With homes selling below asking price, you have room to negotiate — not just on the sales price, but also on repairs, concessions, and closing costs.
Mortgage rates are holding steady at 6.5–6.7%, but lenders are competing for business and offering strong incentives. That means you have leverage both in negotiating with sellers and in shopping around with lenders.
📩 Thinking of buying or selling in Grand Prairie? Reach out today for a personalized market strategy built on MLS data, or to see these other houses in the city of Grand Prairie. Jenna Pecor, 214-558-4410.