Grand Rapids - MI housing market
The Grand Rapids metro has a typical home value of $362,206, up 4.7% from a year ago. Homes are moving fast at 6 days on market, a strong seller's market. 21% of listings have had a price cut. Data from Zillow Research, updated monthly.
How to read this data
The typical home value ($362,206) is the Zillow Home Value Index for the Grand Rapids - MI metro area , a smoothed, seasonally adjusted estimate of the typical value for middle-tier homes (33rd to 67th percentile) across single-family and condo properties.
Prices are up 4.7% over the past year. In Grand Rapids - MI, that means a home worth $345,947 last year is now worth roughly $362,206.
The median sale price , what homes actually close for , is $342,637. Homes are selling at 100.7% of list price, meaning buyers are typically paying at or above asking.
Homes listed in Grand Rapids - MI sit on the market for roughly 6 days before going pending. Shorter = seller's market; longer = buyer's market.
About 20.8% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.
Roughly 1,376 new listings hit the market each month in Grand Rapids - MI. There are currently 2,373 homes for sale, up 4.9% from a year ago.
The typical monthly rent in Grand Rapids - MI is $1,645, up 2.9% year over year. For investors, the price-to-rent ratio here is roughly 18x annual rent.
What's not on this page
This is market-level data, not property-level. We don't list individual homes for sale. For that, go to Zillow, Redfin, or your local MLS.
Other metros in MI
| Metro | Home value | 1-yr change | Days on market |
|---|---|---|---|
| Detroit - MI | $271,675 | +2.6% | 10.0d |
| Lansing - MI | $252,858 | +3.6% | 7.0d |
| Flint - MI | $199,114 | +5.9% | 10.0d |
| Ann Arbor - MI | $426,231 | +2.4% | 7.0d |
| Kalamazoo - MI | $281,507 | +4.3% | 7.0d |