Waterfront single-family homes listed in Graford, the most common mailing address on Possum Kingdom Lake, closed at a median of $1,310,000 over the 12 months ending October 31, 2026, while land in the Graford 76449 ZIP code closed at a median of just $40,400, according to NTREIS data pulled November 7, 2026. That gap is the story of Possum Kingdom: the water and the view carry the value, and most lots that sell cheaply are set back from the shoreline.
The Agency Dallas, an independently owned and operated brokerage serving North Texas, follows Possum Kingdom closely because so many Dallas-Fort Worth households look there for a weekend or retirement home. Here is what homes and lots actually sold for, how long they took, and what sellers on the lake should do with that information.
What do Possum Kingdom waterfront homes sell for?
For waterfront single-family closings in Graford between November 1, 2025 and October 31, 2026:
- Closings: 13.
- Median price: $1,310,000.
- Median home size: about 2,424 square feet.
- Median price per square foot: about $511.
- Median lot: about 0.46 acres.
- Median days on market: 141.
Possum Kingdom homes also list under other town names. In a separate pull of every single-family closing at $2 million or more in the same period, 12 sales were recorded with the city listed as Possum Kingdom Lake. In other words, the top of the lake market is deeper than the Graford count alone suggests.
What do lots near Possum Kingdom sell for?
We grouped all 94 land closings in the Graford 76449 ZIP code over the same 12 months by size:
- Under 1 acre: 47 sales, median $34,400 on about 0.21 acres.
- 1 to 5 acres: 31 sales, median $41,200 on about 1.53 acres.
- 5 acres or more: 16 sales, median $207,750 on about 21 acres, or roughly $11,800 per acre.
The overall median land sale was $40,400 on just under an acre, with a median of 132 days on market. Most of these tracts are interior subdivision lots or rural acreage rather than waterfront. A true waterfront lot with deep water and a buildable slope is a different product, and it should be priced against the few waterfront lot sales and the land value implied by waterfront home sales, not against the ZIP code median.
Why is the gap between homes and lots so wide?
Three things drive most of the value at Possum Kingdom:
- Water frontage and depth. Deep, open water at the dock is what buyers pay for.
- Views. Bluff and canyon views across main water command a premium over cove views.
- Buildability. Slope, rock, access and utilities decide what can be built and what it costs.
An interior lot may have none of those three, which is why it can sell for a small fraction of a waterfront home site in the same ZIP code.
How long do Possum Kingdom properties take to sell?
Longer than most North Texas markets. Waterfront homes took a median of 141 days and land took a median of 132 days. Larger tracts of five acres or more took a median of about 288 days. The buyer pool for a second home two hours from Dallas-Fort Worth is smaller, and buyers often visit several times across seasons before deciding.
For sellers, that means:
- Plan the listing around the seasons when buyers are on the lake, typically spring through early fall.
- Price from waterfront comparables on similar water, not from county or ZIP code medians.
- Have dock, shoreline and septic information ready before the first showing.
- Budget for carrying costs during a longer marketing period.
What should a Possum Kingdom buyer check?
- Dock and shoreline approvals from the lake's controlling authority, and any lease or permit terms that apply to the property.
- Septic system type, age and capacity, since most lake homes are not on public sewer.
- Water source and treatment for the home.
- Road access, especially for steep or private roads.
- Insurance availability and cost for the specific property.
How does Possum Kingdom compare with other lakes near DFW?
In our comparison of Possum Kingdom, Granbury and Lake Ray Hubbard, Possum Kingdom posted the highest price per square foot of the three, while Granbury had the most sales at the lowest median and Ray Hubbard sold fastest. Buyers looking for rural acreage rather than lake frontage can also review our Land and Ranch resources.
How should a seller prepare a Possum Kingdom listing?
Because the buyer pool is smaller and more deliberate, preparation does more of the selling at Possum Kingdom than in a city market. We ask lake sellers to assemble a short property file before launch: the survey, dock and shoreline approvals, septic records and pumping history, water system details, a list of improvements with dates, and seasonal photography that shows the water at its best. Drone video of the shoreline and the view from the main living area helps out-of-town buyers decide whether to make the drive. Sellers who want a faster sale should also weigh pricing near the most recent comparable waterfront sale on similar water rather than testing the market well above it.
How can The Agency Dallas help?
The Agency Dallas, an independently owned and operated brokerage serving North Texas, prices lake property from waterfront sales on the same lake and plans marketing around the lake buyer's calendar. If you own on Possum Kingdom and want a current value, request a free home valuation.
Frequently asked questions
What is the median price of a Possum Kingdom waterfront home?
Waterfront single-family homes listed in Graford, a common Possum Kingdom address, closed at a median of $1,310,000 across 13 sales from November 2025 through October 2026, based on NTREIS data. That worked out to about $511 per square foot. Some lake homes list under other town names, so this is a partial view.
How much do lots cost near Possum Kingdom Lake?
Land in the Graford 76449 ZIP code closed at a median of $40,400 over the past year across 94 sales, on a median of just under one acre. Most were interior or rural tracts. Waterfront lots are a separate, much higher priced product and should be valued against waterfront sales.
How long does it take to sell a Possum Kingdom lake house?
Waterfront homes in Graford took a median of 141 days to sell over the 12 months ending October 31, 2026. Land took a median of 132 days. Second-home buyers often visit several times before deciding, so sellers should plan for a longer marketing period than in Dallas-Fort Worth.
Are there $2 million homes on Possum Kingdom Lake?
Yes. In the 12 months ending October 31, 2026, 12 single-family homes with the city recorded as Possum Kingdom Lake closed at $2 million or more through the MLS. Those sales typically combine deep water frontage, wide views and large, updated homes.
What should I check before buying on Possum Kingdom?
Confirm dock and shoreline approvals and any permit or lease terms with the lake authority, review septic and water systems, check road access and insurance availability, and get a survey. These items affect both what you can use and what you can resell, so review them during the option period.
Sources: NTREIS Matrix closed single-family sales with Waterfront lot description, Graford; closed single-family sales at $2,000,000 and above with city Possum Kingdom Lake; and closed land sales in ZIP 76449; all closed November 1, 2025 to October 31, 2026, retrieved November 7, 2026. Medians calculated by The Agency Dallas.
