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City / Town Overview

Grand Rapids, MI

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

Market Analysis

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

The Grand Rapids, MI real estate market currently shows 728 active listings, with 400 pending sales. Homes are averaging 31 days on the market before going under contract.

Inventory has increased compared to last year, with 11 more homes available — giving buyers more choice.

Homes are selling faster, averaging 31 days on market compared to 31.3 days last year.

The median listing price has fallen 4.1% year-over-year, from $385,997 to $369,981.

Whether you are buying or selling in Grand Rapids, MI, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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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, 49510, 49512, 49514, 49515, 49516, 49523

Princeton Estates: 49508, 49518, 49560

Third Ward: 49507

Godwin Heights: 49528

Area Map

Market Overview

Active Listings
728
⇧ 1.5% vs 717 last year
Pending
400
55% pending ratio
Median Price
$369,981
⇩ 4.1% vs $385,997 last year
Average Price
$473,544
⇩ 2.9% vs $487,449 last year
Days on Market
31
⇩ 1% vs 31 days last year

Price Per Square Foot

Median $/sqft
$223
⇧ 2.2% vs $219/sqft last year
Median Home Size
1,737 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 %