Grand Rapids, MN
Housing market overview · Updated weekly
$143,250median sale price
Homes sold
4
Last 12 weeks
Days on market
112
Average pace
Active listings
22
5.5 months supply
Sale-to-list
94.3%
Below asking
The Grand Rapids housing market is currently classified as a buyer's market with a median sale price of $143,250. Prices have fallen 42.2% compared to last year, with homes spending an average of 112 days on market, indicating 5.5 months of inventory.This inventory level gives buyers significantly more negotiating power, allowing time to inspect properties thoroughly and potentially negotiate better terms.
Market trends
Homes for sale in Grand Rapids
There are currently 22 homes listed for sale in Grand Rapids, Minnesota. The median listing price is $220K.
Active listings
22
Homes on market
Median list price
$220K
Avg. days on market
112
Days until sale
New this week
1
Newly listed
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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 $143,250, down 42.2% from last year.
How long do homes stay on market in Grand Rapids?
Homes typically spend 112 days on market before going under contract.
Is Grand Rapids a buyer's or seller's market?
With 5.5 months of supply, Grand Rapids is currently a buyer's market.
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