The Downtown Grand Rapids housing market is not very competitive. The median sale price of a home in Downtown Grand Rapids was $412K last month, up 25.4% since last year. The median sale price per square foot in Downtown Grand Rapids is $400, up 30.3% since last year.
What is the housing market like in Downtown Grand Rapids today?
In March 2024, Downtown Grand Rapids home prices were up 25.4% compared to last year, selling for a median price of $412K. On average, homes in Downtown Grand Rapids sell after 133 days on the market compared to 107 days last year. There were 6 homes sold in March this year, down from 10 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$412,450
+25.4% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
Downtown Grand Rapids, MI
$412,450
+25.4%
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 not very competitive. Homes sell in 69 days.
0
100
21
Not Very 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 12 months
Multiple offers are rare.
The average homes sell for about 5% below list price and go pending in around 69 days.
Hot homes
can sell for about 1% below list price and go pending in around 10 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.
Risk Factor
Flood Factor - Extreme
34% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Downtown Grand Rapids has an extreme risk of flooding. 151 properties in Downtown Grand Rapids are likely to be
severely affected
by flooding over the next 30 years. This represents 34% of all properties in Downtown Grand Rapids. Flood risk is increasing slower than the national average.
Downtown Grand Rapids has minimal risk of severe winds over the next 30 years
Wind Factor
Downtown Grand Rapids has a Minimal Wind Factor®, which means there is a very low likelihood that hurricane, tornado or severe storm winds will impact this area.
69% 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 69% 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