The Grand Rapids housing market is somewhat competitive. Homes in Grand Rapids receive 3 offers on average and sell in around 10 days. The median sale price of a home in Grand Rapids was $275K last month, up 4.8% since last year. The median sale price per square foot in Grand Rapids is $195, up 1.6% since last year.
What is the housing market like in Grand Rapids today?
In October 2024, Grand Rapids home prices were up 4.8% compared to last year, selling for a median price of $275K. On average, homes in Grand Rapids sell after 10 days on the market compared to 8 days last year. There were 209 homes sold in October this year, up from 187 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$275,000
+4.8% YoY | Oct 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Oct 2024
Growth
% YoY
Grand Rapids, MI
$275,000
+4.8%
United States
To compare other locations to the Grand Rapids and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Grand Rapids's median sale price is 34% lower than the national average. Overall cost of living in Grand Rapids is 1% lower than the national average. Learn which home features in Grand Rapids add value to a home.
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How hot is the Grand Rapids housing market?
Grand Rapids is somewhat competitive. Homes sell in 10 days.
0
100
65
Somewhat Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
Some homes get multiple offers.
The average homes sell for around list price and go pending in around 10 days.
Hot homes
can sell for about 3% above list price and go pending in around 5 days.
This data does not reflect actual moves. The latest migration analysis is based on a sample of about two
million Redfin.com users who searched for homes across more than 100 metro areas. To be included in this dataset, a Redfin.com user
must have viewed at least 10 homes in a three month period. This dataset excludes all rentals data.
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Grand Rapids housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Grand Rapids.
Flood Factor - Major
18% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Grand Rapids has a major risk of flooding. 5,319 properties in Grand Rapids are likely to be
severely affected
by flooding over the next 30 years. This represents 18% of all properties in Grand Rapids. Flood risk is increasing slower than the national average.
3% of properties are at risk of wildfire over the next 30 years
Fire Factor
Grand Rapids has a moderate risk of wildfire. There are 2,265 properties in Grand Rapids that have some risk of being affected by wildfire over the next 30 years. This represents 3% of all properties in Grand Rapids.
100% of properties are at minor
risk of a severe wind event over the next 30 years
Wind Factor
Grand Rapids has a Minor Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Grand Rapids is most at risk from tornadoes. 58,920 properties in Grand Rapids have some risk of being in a severe wind event within the next 30 years.