Brokers — List your Company Here
Featured local agent — Grand Rapids, MI
Sarah Mitchell
Compass Real Estate · Grand Rapids, MI
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
This spot is open. Be the only brokerage featured on this page — one slot, no auction.
Claim this spot* Example only — dummy agent for illustration. Your logo, name, tagline, link, and lead routing replace this content.
Grand Rapids, MI Housing Market & Real Estate
Housing market overview · Updated monthly ·
$307,750median sale price
How is the Grand Rapids, MI housing market right now?
The median home sale price in Grand Rapids, MI is $307,750, up 2.6% year-over-year. Homes sell in an average of 6 days with 244 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 Grand Rapids a buyer's or seller's market?
Grand Rapids, MI is currently a strong seller's market, based on 1.2 months of supply and homes selling in about 6 days. How we determine this →
Homes sold
208
Last 12 weeks
Days on market
6
Fast-moving
Active listings
244
1.2 months supply
Sale-to-list
102.9%
Above asking
What does the Grand Rapids housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $307,750 |
| Median list price | $300,000 |
| Year-over-year price change | +2.6% |
| Average days on market | 6 days |
| Active inventory | 244 listings |
| Months of supply | 1.2 months |
| Sale-to-list price ratio | 102.9% |
| Median price per sq ft | $215/sq ft |
| Homes sold (latest month) | 208 |
| New listings (latest month) | 303 |
| Listings with a price cut | 44.7% |
| Market condition | Strong seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Grand Rapids by property type?
How the 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 | $307,750 | $216/sq ft | 154 | 5 days |
| Condo / Co-op | $328,750 | $297/sq ft | 32 | 17 days |
Source: Redfin · Updated monthly
The Grand Rapids housing market is currently classified as a strong seller's market with a median sale price of $307,750. Prices have risen 2.6% compared to last year, with homes spending an average of 6 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.The price-to-income ratio of 4.8x provides context for how home values compare to local earning capacity.
Homes for sale in Grand Rapids
There are currently 244 homes listed for sale in Grand Rapids, Michigan. The median listing price is $300K.
Active listings
244
Homes on market
Median list price
$300K
Avg. days on market
6
Days until sale
New this week
303
Newly listed
Who lives in Grand Rapids?
Population
197,768
Median income
$65,526/yr
Median age
32.1 years
Owner-occupied
54.6%
College grads
40.1%
Avg commute
19.4 min
Source: U.S. Census Bureau ACS
What are homes worth in Grand Rapids?
Zillow home value
$313,551
Zillow rent index
$1,627/mo
Price-to-rent ratio
16.1x
Price-to-income
4.8x
Source: Zillow Research
What is it like to live in Grand Rapids?
Grand Rapids is a community of approximately 198K residents with a median age of 32.1 years.The median household income is $65,526, which represents a working-class community with solid middle-income opportunities. 40.1% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 54.6%, showing a blend of owner and renter-occupied properties. The average commute time is 19.4 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Grand Rapids offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Grand Rapids?
50 schools tracked · 32,600 students
The largest public schools serving Grand Rapids, MI by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
East Kentwood High School
Grades 10-12 · 2,087 students
PrepNet Virtual Academy
Grades K-12 · 1,136 students
Northern High School
Grades 9-12 · 1,109 students
Northview High School
Grades 9-12 · 1,060 students
Central High School
Grades 9-12 · 1,033 students
Union High School
Grades 9-12 · 939 students
City MiddleHigh
Grades 7-12 · 927 students
Kenowa Hills High School
Grades 9-12 · 886 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Grand Rapids, MI?
Want a head-to-head view? Compare Grand Rapids side-by-side with any other U.S. city using our market-comparison tool.
Is Grand Rapids a good real estate investment market?
For investors evaluating Grand Rapids, the price-to-rent ratio of 16.1x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has appreciated 2.6% year-over-year, reflecting ongoing demand and value growth.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Grand Rapids's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Grand Rapids's median home price.
Frequently asked questions
What is the average home price in Grand Rapids?
The median home sale price in Grand Rapids is $307,750, up 2.6% from last year.
How long do homes stay on market in Grand Rapids?
Homes typically spend 6 days on market before going under contract.
What is the median income in Grand Rapids?
The median household income is $65,526 per year.
Is Grand Rapids a buyer's or seller's market?
With 1.2 months of supply, Grand Rapids is currently a strong seller's market.
What is the Zillow home value estimate for Grand Rapids?
The Zillow Home Value Index (ZHVI) for Grand Rapids is $313,551, representing the typical home value in the area.
What is the median condo price in Grand Rapids?
The median condo/co-op sale price in Grand Rapids, MI is $328,750, compared to $307,750 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Grand Rapids?
The median single-family home price in Grand Rapids, MI is $307,750 (about $216 per square foot).
Be the brokerage on this page
1 slot per pageGet featured on Grand Rapids, MI
Your logo, brokerage name, and direct link to your site — featured at the top of this page in front of every visitor researching this whole city. One brokerage, no rotation, no bidding war.
- Goes live in 24 hours
- Cancel anytime
- Do-follow backlink to your site
Get Grand Rapids market alerts
Weekly updates on prices, inventory, and trends. Free forever.