All Home Types
Grand Rapids, MI Housing Market
What is the housing market like in Grand Rapids today?
In August 2024, Grand Rapids home prices were up 2.9% compared to last year, selling for a median price of $283K. On average, homes in Grand Rapids sell after 8 days on the market compared to 6 days last year. There were 221 homes sold in August this year, down from 239 last year.
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$282,900
+2.9% YoY | Aug 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Aug 2024
Growth
% YoY
Grand Rapids, MI
$282,900
+2.9%
United States
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Grand Rapids Migration & Relocation Trends
In Jun '24 - Aug '24, 33% of Grand Rapids homebuyers searched to move out of Grand Rapids, while 67% looked to stay within the metropolitan area.
- Across the nation, 0.41% of homebuyers searched to move into Grand Rapids from outside metros.
- Chicago homebuyers searched to move into Grand Rapids more than any other metro followed by Detroit and Los Angeles.
Where are people moving to Grand Rapids from?
- 67% of Grand Rapids homebuyers searched to stay within the Grand Rapids metropolitan area.
- Traverse City was the most popular destination among Grand Rapids homebuyers followed by Sarasota and Cape Coral.
Where are people from Grand Rapids moving to?
Number of People Moving to Grand Rapids
least
most
People are moving to Grand Rapids from
| Inbound | Net inflow | ||
|---|---|---|---|
| Metros | Jun '24 - Aug '24 | ||
| 1 | 1,075 | ||
| 2 | 303 | ||
| 3 | 137 | ||
| 4 | 109 | ||
| 5 | 89 | ||
| 6 | 76 | ||
| 7 | 62 | ||
| 8 | 59 | ||
| 9 | 58 | ||
| 10 | 54 | ||
People are leaving Grand Rapids for
| Outbound | Net outflow | ||
|---|---|---|---|
| Metros | Jun '24 - Aug '24 | ||
| 1 | 56 | ||
| 2 | 48 | ||
| 3 | 42 | ||
| 4 | 38 | ||
| 5 | 23 | ||
| 6 | 16 | ||
| 7 | 11 | ||
| 8 | 10 | ||
| 9 | 8 | ||
| 10 | 8 | ||
Methodology
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.
Recently sold homes
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that could impact homes in Grand Rapids.
Provided by First Street Foundation
Transportation in Grand Rapids
Learn about the walkability, bikeability, and transit-friendliness of Grand Rapids
Somewhat Walkable
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Some Transit
Transit Score®
Bikeable
Bike Score®
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