The Grand Rapids housing market is somewhat competitive. Homes in Grand Rapids receive 7 offers on average and sell in around 7 days. The median sale price of a home in Grand Rapids was $280K last month, up 19.7% since last year. The median sale price per square foot in Grand Rapids is $199, up 15.0% since last year.
What is the housing market like in Grand Rapids today?
In February 2024, Grand Rapids home prices were up 19.7% compared to last year, selling for a median price of $280K. On average, homes in Grand Rapids sell after 7 days on the market compared to 12 days last year. There were 143 homes sold in February this year, down from 169 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$280,000
+19.7% YoY | Feb 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Feb 2024
Growth
% YoY
Grand Rapids, MI
$280,000
+19.7%
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 33% lower than the national average. Overall cost of living in Grand Rapids is 3% lower than the national average. Learn which home features in Grand Rapids add value to a home.
How much is your home worth? Track your home’s value and compare it to nearby sales.
How hot is the Grand Rapids housing market?
Grand Rapids is somewhat competitive. Homes sell in 8 days.
0
100
47
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 about 1% above list price and go pending in around 8 days.
Hot homes
can sell for about 6% above list price and go pending in around 4 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.
Home offer insights for Grand Rapids
Explore recent offers and recently sold homes in Grand Rapids
This area's enrollment policy is not based solely on geography. Please check the school district website for more information.
GreatSchools Rating
8/10
Wealthy School
Public • PreK-5
401
Students
4 reviews
8/10
Breton Downs School
Public • PreK-5
398
Students
4 reviews
7/10
North Park Montessori Academy
Public • PreK-8
428
Students
6 reviews
7/10
Blandford Nature Center
Public • 6 • Choice school
60
Students
3 reviews
7/10
Grandville East Elementary School
Public • PreK-6
308
Students
2 reviews
Only showing 5 of
49 elementary schools.
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.
Risk Factor
Flood Factor - Major
19% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Grand Rapids has a major risk of flooding. 5,414 properties in Grand Rapids are likely to be
severely affected
by flooding over the next 30 years. This represents 19% of all properties in Grand Rapids. Flood risk is increasing slower than the national average.
7% of properties are at risk of wildfire over the next 30 years
Fire Factor
Grand Rapids has a moderate risk of wildfire. There are 4,454 properties in Grand Rapids that have some risk of being affected by wildfire over the next 30 years. This represents 7% of all properties in Grand Rapids.
Grand Rapids has minimal risk of severe winds over the next 30 years
Wind Factor
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.