The Downtown Grand Rapids housing market is somewhat competitive. The median sale price of a home in Downtown Grand Rapids was $542K last month, up 37.3% since last year. The median sale price per square foot in Downtown Grand Rapids is $382, up 16.1% since last year.
What is the housing market like in Downtown Grand Rapids today?
In February 2025, Downtown Grand Rapids home prices were up 37.3% compared to last year, selling for a median price of $542K. On average, homes in Downtown Grand Rapids sell after 41 days on the market compared to 137 days last year. There were 12 homes sold in February this year, up from 7 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$542,250
+37.3% YoY | Feb 2025
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Feb 2025
Growth
% YoY
Downtown Grand Rapids, MI
$542,250
+37.3%
United States
To compare other locations to the Downtown Grand Rapids and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Grand Rapids add value to a home.
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How hot is the Downtown Grand Rapids housing market?
Downtown Grand Rapids is somewhat competitive. Homes sell in 48 days.
0
100
45
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 9 months
Some homes get multiple offers.
The average homes sell for about 2% below list price and go pending in around 48 days.
Hot homes
can sell for around list price and go pending in around 12 days.
Learn about schools in the Downtown Grand Rapids area
Elementary
Middle
High
GreatSchools Rating
No elementary schools in this region.
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 Downtown Grand Rapids housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Downtown Grand Rapids.
Flood Factor - Extreme
30% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Downtown Grand Rapids has an extreme risk of flooding. 123 properties in Downtown Grand Rapids are likely to be
severely affected
by flooding over the next 30 years. This represents 30% of all properties in Downtown Grand Rapids. Flood risk is increasing slower than the national average.
<1% of properties are at risk of wildfire over the next 30 years
Fire Factor
Downtown Grand Rapids has a minor risk of wildfire. There are 6 properties in Downtown Grand Rapids that have some risk of being affected by wildfire over the next 30 years. This represents <1% of all properties in Downtown Grand Rapids.
100% of properties are at minor
risk of a severe wind event over the next 30 years
Wind Factor
Downtown Grand Rapids has a Minor Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Downtown Grand Rapids is most at risk from tornadoes. 823 properties in Downtown Grand Rapids have some risk of being in a severe wind event within the next 30 years.
67% of properties are at moderate
risk of heat over the next 30 years
Heat Factor
Downtown Grand Rapids has a moderate risk from heat. This is due to
"feels like" temperatures
increasing, and because 67% of homes in Downtown Grand Rapids have a Moderate Heat Factor®.
Downtown Grand Rapids is expected to see a 128% increase in the number of days over 96ºF over the next 30 years. Downtown Grand Rapids is expected to experience 7