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Featured local agent — East Grand Rapids, MI
Sarah Mitchell
Compass Real Estate · East Grand Rapids, MI
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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East Grand Rapids, MI Housing Market & Real Estate
Housing market overview · Updated monthly ·
$689,250median sale price
How is the East Grand Rapids, MI housing market right now?
The median home sale price in East Grand Rapids, MI is $689,250, down 11.1% year-over-year. Homes sell in an average of 5 days with 27 active listings. The market is currently a strong seller's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is East Grand Rapids a buyer's or seller's market?
East Grand Rapids, MI is currently a strong seller's market, based on 1.4 months of supply and homes selling in about 5 days. How we determine this →
Homes sold
20
Last 12 weeks
Days on market
5
Fast-moving
Active listings
27
1.4 months supply
Sale-to-list
101.8%
Above asking
What does the East Grand Rapids housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $689,250 |
| Median list price | $835,000 |
| Year-over-year price change | -11.1% |
| Average days on market | 5 days |
| Active inventory | 27 listings |
| Months of supply | 1.4 months |
| Sale-to-list price ratio | 101.8% |
| Median price per sq ft | $329/sq ft |
| Homes sold (latest month) | 20 |
| New listings (latest month) | 23 |
| Listings with a price cut | 51.8% |
| Market condition | Strong seller's market |
Source: Redfin · Updated monthly
How much do homes cost in East Grand Rapids by property type?
How the East Grand Rapids, MI market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $689,250 | $329/sq ft | 20 | 5 days |
| Condo / Co-op | $700,000 | $259/sq ft | 1 | 38 days |
Source: Redfin · Updated monthly
The East Grand Rapids housing market is currently classified as a strong seller's market with a median sale price of $689,250. Prices have fallen 11.1% compared to last year, with homes spending an average of 5 days on market, indicating 1.4 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 4.2x provides context for how home values compare to local earning capacity.
Homes for sale in East Grand Rapids
There are currently 27 homes listed for sale in East Grand Rapids, Michigan. The median listing price is $835K.
Active listings
27
Homes on market
Median list price
$835K
Avg. days on market
5
Days until sale
New this week
23
Newly listed
Who lives in East Grand Rapids?
Population
11,394
Median income
$168,487/yr
Median age
37 years
Owner-occupied
94.3%
College grads
82.6%
Avg commute
17 min
Source: U.S. Census Bureau ACS
What are homes worth in East Grand Rapids?
Zillow home value
$700,485
Zillow rent index
$3,348/mo
Price-to-rent ratio
17.4x
Price-to-income
4.2x
Source: Zillow Research
What is it like to live in East Grand Rapids?
East Grand Rapids is a community of approximately 11K residents with a median age of 37 years.The median household income is $168,487, which reflects a relatively affluent area with strong earning potential. 82.6% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 94.3%, reflecting strong community stability and long-term resident commitment. The average commute time is 17 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, East Grand Rapids offers a balanced lifestyle with accessible home values relative to local income levels.
Which cities are near East Grand Rapids, MI?
Want a head-to-head view? Compare East Grand Rapids side-by-side with any other U.S. city using our market-comparison tool.
Is East Grand Rapids a good real estate investment market?
For investors evaluating East Grand Rapids, the price-to-rent ratio of 17.4x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has softened 11.1% year-over-year, potentially creating entry opportunities for strategic buyers.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on East Grand Rapids's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using East Grand Rapids's median home price.
Frequently asked questions
What is the average home price in East Grand Rapids?
The median home sale price in East Grand Rapids is $689,250, down 11.1% from last year.
How long do homes stay on market in East Grand Rapids?
Homes typically spend 5 days on market before going under contract.
What is the median income in East Grand Rapids?
The median household income is $168,487 per year.
Is East Grand Rapids a buyer's or seller's market?
With 1.4 months of supply, East Grand Rapids is currently a strong seller's market.
What is the Zillow home value estimate for East Grand Rapids?
The Zillow Home Value Index (ZHVI) for East Grand Rapids is $700,485, representing the typical home value in the area.
What is the median condo price in East Grand Rapids?
The median condo/co-op sale price in East Grand Rapids, MI is $700,000, compared to $689,250 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in East Grand Rapids?
The median single-family home price in East Grand Rapids, MI is $689,250 (about $329 per square foot).
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