Grand Rapids - MI housing market
The Grand Rapids metro has a typical home value of $360,930, up 4.7% from a year ago. Homes are moving fast at 7 days on market, a strong seller's market. 25% of listings have had a price cut. Data from Zillow Research, updated monthly.
How to read this data
The typical home value ($360,930) 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 $344,728 last year is now worth roughly $360,930.
The median sale price, what homes actually close for, is $343,434. Homes are selling at 101.2% of list price, meaning buyers are typically paying at or above asking.
Homes listed in Grand Rapids - MI sit on the market for roughly 7 days before going pending. Shorter = seller's market; longer = buyer's market.
About 25.3% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.
Roughly 1,414 new listings hit the market each month in Grand Rapids - MI. There are currently 2,590 homes for sale, up 7.4% from a year ago.
The typical monthly rent in Grand Rapids - MI is $1,628, up 3.2% year over year. On the Rent vs Buy Index that is a price-to-rent ratio of 18.5x, toss-up (#69 of 195 metros). The mortgage on a typical home here, 20% down at today's 6.71% 30-year rate, runs about $1,865 a month in principal and interest, $237 more than renting before taxes, insurance and upkeep. The two break even at a 5.44% rate.
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.
Data: Zillow Research (ZHVI and market indicators), refreshed monthly at the source. This page was rebuilt September 2026. Methodology →
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Other metros in MI
| Metro | Home value | 1-yr change | Days on market |
|---|---|---|---|
| Detroit - MI | $270,370 | +2.3% | 11.0d |
| Lansing - MI | $252,339 | +3.5% | 7.0d |
| Flint - MI | $199,857 | +5.3% | 11.0d |
| Ann Arbor - MI | $423,247 | +2.5% | 9.0d |
| Kalamazoo - MI | $281,585 | +4.3% | 9.0d |