Grand Bay's real estate market is currently hot with low inventory and high demand. Home prices have increased 91.3% in the past month alone. At the current pace, all available homes in Grand Bay would sell out in just 0.8 months, indicating a continued supply shortage. Homes are now taking an average of 77 days to sell, significantly longer than the 1 days typical for this market. A significant 50.0% of listings experienced price reductions, indicating sellers may be adjusting to market realities. The majority of homes (60.0%) sold above asking price, a clear sign of competitive bidding. Affordability remains a significant challenge in the Grand Bay market with the affordability index at 457.7. Based on current market indicators, home prices in Grand Bay are projected to increase by approximately 4.9% over the next month.