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City / Town Overview

Grand Rapids, MI

Aggregate real estate market report across all ZIPs in scope
Balanced Market
September 2026  ·  Source: Realtor.com

Market Analysis

Data as of September 2026. Source: Realtor.com.

The Grand Rapids, MI real estate market currently shows 1,021 active listings, with 360 pending sales. Homes are averaging 41.4 days on the market before going under contract.

Inventory has tightened compared to last year, with 4 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 41.4 days on market compared to 36 days last year.

The median listing price has risen 4.4% year-over-year, from $349,009 to $364,289.

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Market Context

Market Context

Population: 378,331  ·  Density: 1,341.0/mi²  ·  Median household income: $71,236

Typical home value: $229,456  ·  Homeownership: 62.4%

Included Areas

Grand Rapids: 49501, 49502, 49503, 49504, 49505, 49506, 49507, 49508, 49510, 49512, 49514, 49515

Princeton Estates: 49560

Area Map

Market Overview

Active Listings
1,021
⇩ 0.4% vs 1,025 last year
Pending
360
35% pending ratio
Median Price
$364,289
⇧ 4.4% vs $349,009 last year
Average Price
$431,708
⇩ 2.7% vs $443,865 last year
Days on Market
41.4
⇧ 15% vs 36 days last year

Price Per Square Foot

Median $/sqft
$213
⇧ 2.5% vs $208/sqft last year
Median Home Size
1,758 sqft
Typical listing size
12-Month $/sqft Trend

12-Month Trends

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %