Grand Rapids, MI
Housing market overview · Updated weekly
$285,000median sale price
Homes sold
152
Last 12 weeks
Days on market
15
Fast-moving
Active listings
186
1.2 months supply
Sale-to-list
99.6%
Below asking
The Grand Rapids housing market is currently classified as a seller's market with a median sale price of $285,000. Prices have risen 4.2% compared to last year, with homes spending an average of 15 days on market, indicating 1.2 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.
Market trends
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Frequently asked questions
What is the average home price in Grand Rapids?
The median home sale price in Grand Rapids is $285,000, up 4.2% from last year.
How long do homes stay on market in Grand Rapids?
Homes typically spend 15 days on market before going under contract.
Is Grand Rapids a buyer's or seller's market?
With 1.2 months of supply, Grand Rapids is currently a seller's market.
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