Grand Rapids Real Estate Market

Grand Rapids Market

The median sale price for homes in Grand Rapids over the last 12 months is $75,024.


The median mortgage debt is $88,756.

Additional Statistics for Single Family Homes and Condos in Grand Rapids, MI
$111,530
Median Listing Price
42
Median Days on Market
798
Active Listings
7.4%
Distressed Listings
(foreclosures and short sales)
Grand Rapids, MI Price Trends - Sold vs. Listed
The median list price in May for single family homes in Grand Rapids is $110,000. The list prices increased by 0.05% from the previous month.

The price per square foot for listings in this area is $153.

The median sale price in February for single family homes is $99,450. The sale prices increased by 19.04% from the previous month.

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Grand Rapids, MI Market Inventory Trends

The number of active listings in Grand Rapids dropped by 4.7% from the previous month.

The median number of days active properties have been listed is 40. This is significantly shorter than the national average.

The number of sales in February dropped by 56.3% from the previous month.

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Grand Rapids, MI Property Ownership

The percent of rental properties in Grand Rapids is 16.6% above the national average which is typical for urban areas.

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Neighborhood and valuation information provided by Onboard Informatics ©2012 Onboard informatics. Information deemed reliable but not guaranteed.