Real Estate Market Update for Grand Prairie, TX

Video: Real Estate Community Tour for Grand Prairie, TX

See Real estate community tour for Grand Prairie, TX
Welcome to May's Market Update. Let’s take a look at residential real-estate activity in your area during the month of May. The number of active listings was down 39% from one year earlier, and up 7% from the previous month. This recent increase reflected a larger selection of homes for buyers to choose from. As you can see, the median listing price for the month was just over 220-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 39%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just under 180-thousand dollars. The number of units sold decreased 9% year-over-year, and decreased 10% month-over-month. Fewer sales could indicate an opportunity for buyers to negotiate better terms. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
Show Transcript
Map Information for Grand Prairie, TX
Area Information for Grand Prairie, TX
  • Population: 181,498
  • Median Age: 30.87 yr
  • Median Commute Time: 24.84 mins
  • Educational Climate*: 3
  • Sales Tax: 8.25%
  • Population Density: 2,517/sq mi
  • Population Change Since 2000: 42.82%
  • Closest Airport: Dallas/fort Worth International
  • Closest College: Dallas Baptist University
  • Closest Jr. College: Lincoln Technical Institute
  • Median Household Income: $52,994
  • Annual Residential Turnover: 19.2%
  • Median Years in Residence: 3.06 yr
  • Median Home Sales Price: $125,380
  • Closest Major Sports Team: Rangers
  • Change Avg. Household Income Since 2000: 13%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Grand Prairie, TX
Median Age: 30.87 Married: 29% Number of Households: 60,450 Households with Children: 27,920
Community:
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for Grand Prairie, TX

      School Name Distance Type Grades GreatSchools Rating Parent Rating
      Milam Elementary 0.5 mi Public PRESCHOOL-5 0 2
      Juan Seguin Elementary 0.7 mi Public K-5 1 5
      Bowie Elementary 1.0 mi Public PRESCHOOL-4 2 3
      Ymla At John F Kennedy Middle 1.0 mi Public 6-8 0 0
      Daniels Elementary 1.1 mi Public PRESCHOOL-5 1 3
      Ywla At Bill Arnold Middle School 1.4 mi Public 6-9 0 0
      Lee Elementary School 1.4 mi Public K-5 1 0
      Bonham Early Education Center 1.5 mi Public PRESCHOOL-PRESCHOOL 0 0
      Calvary Baptist School 1.6 mi Private PRESCHOOL-1 0 4
      Hobbs Williams Elementary School 1.6 mi Public K-4 2 3
      Barbara Bush Elementary 1.6 mi Public PRESCHOOL-5 1 3
      Grand Prairie Collegiate Institute 1.7 mi Public 6-12 0 0
      Johnson Daep 1.7 mi Public 6-12 0 1
      Golden Rule Grand Prairie Campus 1.7 mi Public - 0 0
      Dubiski Career High School 1.7 mi Public 9-12 4 4
      Hope (helpful Opportunities To Pursue Excellence) 1.8 mi Public 7-8 0 0
      Crockett Fifth Grade Centre 1.8 mi Public 5-5 2 0
      Austin Elementary 1.8 mi Public PRESCHOOL-5 2 3
      Thurgood Marshall Leadership Academy 1.8 mi Public PRESCHOOL-5 3-5 4
      South Grand Prairie High 9th Grade Ctr 1.9 mi Public 9-9 3-5 5
      So Grand Prairie High School 1.9 mi Public 10-12 1 3
      Remynse Elementary 2.0 mi Public PRESCHOOL-6 2 3
      Sam Rayburn Elementary 2.0 mi Public K-4 2 2
      Grand Prairie High School 2.0 mi Public 9-12 1 2
      Grand Prairie Fine Arts Acdemy 2.0 mi Public 9-9 0 0
      Crosswinds High School 2.2 mi Public 9-12 0 4
      Harmony Science Academy Grand Prairie 2.2 mi Public K-12 3 3
      Adams Middle School 2.4 mi Public 6-8 1 3
      Sallye Moore Elementary School 2.4 mi Public PRESCHOOL-5 2 4
      Ervin C Whitt Fine Arts Academy 2.4 mi Public PRESCHOOL-5 3 5
      Zavala Elementary 2.5 mi Public PRESCHOOL-5 2 4
      Travis Elementary 2.5 mi Public PRESCHOOL-4 0 4
      Crouch Elementary 2.5 mi Public PRESCHOOL-6 1 3
      Jackson Middle School 2.6 mi Public 6-8 2-5 3
      Immaculate Conception 2.6 mi Catholic PRESCHOOL-8 0 4
      Eisenhower Elementary School 3.2 mi Public PRESCHOOL-5 3 3
      Hector P Garcia Elementary 3.2 mi Public PRESCHOOL-4 2 2
      Fannin Middle School 3.5 mi Public 6-8 1 0
      J M Farrell Elementary 3.5 mi Public PRESCHOOL-6 2-5 3
      Winfree Academy Charter School (grapevine) 3.5 mi Public 9-12 1 4
      Larson Elementary 3.7 mi Public PRESCHOOL-6 3 4
      Florence Hill Elementary 3.8 mi Public PRESCHOOL-5 3 4
      Ronald Reagan Middle School 4.5 mi Public 6-8 4 3
      Garner Fine Arts Academy 4.6 mi Public PRESCHOOL-5 4 4
      Starrett Elementary 4.7 mi Public PRESCHOOL-6 2 3
      Harry S Truman Middle School 4.8 mi Public 6-8 2-5 3
      Colin Powell Elementary 4.9 mi Public K-5 4-5 4
      Dickinson Elementary 4.9 mi Public PRESCHOOL-5 2 3
      West Elementary 5.1 mi Public PRESCHOOL-6 3 4
      Mike Moseley Elementary 5.5 mi Public PRESCHOOL-5 2-5 3
      Louise Cabaniss Elementary 7.2 mi Public PRESCHOOL-4 3-5 4
      Primrose School Of Grand Peninsula 7.9 mi Private PRESCHOOL-K 0 0
      Cora Spencer Elementary 10.1 mi Public K-4 5 4
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area. Sources: GreatSchools.org and Onboard Informatics © 2015
      Local Weather for Grand Prairie, TX
        Community information and market data Powered by Onboard Informatics. Copyright ©2015 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.