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Featured local agent — Grand Rapids, MN
Sarah Mitchell
Compass Real Estate · Grand Rapids, MN
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Grand Rapids, MN Housing Market & Real Estate
Housing market overview · Updated monthly ·
$295,000median sale price
How is the Grand Rapids, MN housing market right now?
The median home sale price in Grand Rapids, MN is $295,000, up 18.0% year-over-year. Homes sell in an average of 41 days with 28 active listings. The market is currently a 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, MN is currently a seller's market, based on 2.8 months of supply and homes selling in about 41 days. How we determine this →
Homes sold
10
Last 12 weeks
Days on market
41
Average pace
Active listings
28
2.8 months supply
Sale-to-list
102.2%
Above asking
What does the Grand Rapids housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $295,000 |
| Median list price | $249,900 |
| Year-over-year price change | +18.0% |
| Average days on market | 41 days |
| Active inventory | 28 listings |
| Months of supply | 2.8 months |
| Sale-to-list price ratio | 102.2% |
| Median price per sq ft | $152/sq ft |
| Homes sold (latest month) | 10 |
| New listings (latest month) | 12 |
| Listings with a price cut | 7.1% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Grand Rapids by property type?
How the Grand Rapids, MN market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $295,000 | $152/sq ft | 10 | 41 days |
| Townhouse | $168,000 | $123/sq ft | 1 | 62 days |
Source: Redfin · Updated monthly
The Grand Rapids housing market is currently classified as a seller's market with a median sale price of $295,000. Prices have risen 18.0% compared to last year, with homes spending an average of 41 days on market, indicating 2.8 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 5.0x provides context for how home values compare to local earning capacity.
Homes for sale in Grand Rapids
There are currently 28 homes listed for sale in Grand Rapids, Minnesota. The median listing price is $250K.
Active listings
28
Homes on market
Median list price
$250K
Avg. days on market
41
Days until sale
New this week
12
Newly listed
Who lives in Grand Rapids?
Population
11,186
Median income
$56,542/yr
Median age
44.5 years
Owner-occupied
59.4%
College grads
30.0%
Avg commute
15.2 min
Source: U.S. Census Bureau ACS
What are homes worth in Grand Rapids?
Zillow home value
$284,617
Price-to-income
5.0x
Source: Zillow Research
What is it like to live in Grand Rapids?
Grand Rapids is a community of approximately 11K residents with a median age of 44.5 years.The median household income is $56,542, which represents a working-class community with solid middle-income opportunities. 30.0% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 59.4%, showing a blend of owner and renter-occupied properties. The average commute time is 15.2 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?
9 schools tracked · 3,431 students
The largest public schools serving Grand Rapids, MN 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.
GRAND RAPIDS SENIOR HIGH
Grades 9-12 · 1,114 students
ROBERT J. ELKINGTON MIDDLE SCHOOL
Grades 6-8 · 778 students
East Rapids Elementary
Grades K-5 · 649 students
West Rapids Elementary
Grades K-5 · 639 students
GRAND RAPIDS AREA LEARNING CENTER
Grades 8-12 · 127 students
GRAND RAPIDS EARLY CHILDHOOD CENTER
Grades PK · 62 students
ITASKIN EDUCATION CENTER
Grades 4-12 · 36 students
MIDDLE AREA LEARNING CENTER
Grades 5-8 · 26 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, MN?
Want a head-to-head view? Compare Grand Rapids side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Grand Rapids?
The median home sale price in Grand Rapids is $295,000, up 18.0% from last year.
How long do homes stay on market in Grand Rapids?
Homes typically spend 41 days on market before going under contract.
What is the median income in Grand Rapids?
The median household income is $56,542 per year.
Is Grand Rapids a buyer's or seller's market?
With 2.8 months of supply, Grand Rapids is currently a seller's market.
What is the Zillow home value estimate for Grand Rapids?
The Zillow Home Value Index (ZHVI) for Grand Rapids is $284,617, representing the typical home value in the area.
How much does a single-family home cost in Grand Rapids?
The median single-family home price in Grand Rapids, MN is $295,000 (about $152 per square foot).
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