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Grand Rapids Market Report

$384,354

AVERAGE PRICE OF 548 HOMES

$1,636,192

AVERAGE PRICE OF 25 MULTI-MILLION DOLLAR HOMES

$656,066

AVERAGE PRICE OF 44 NEWLY BUILT HOMES

$396,998

AVERAGE PRICE OF 23 HOMES WITH A POOL

$436,028

AVERAGE PRICE OF 7 REDUCED PRICE HOMES

Average Home

Average Price $384,354
Avg Bedrooms 2.49 beds
Avg Bathrooms 1.81 baths

Average Price by Bedrooms

1 bedroom $305,420
2 bedrooms $276,116
3 bedrooms $317,724
4 bedrooms $437,336
5 bedrooms $562,328
Grand Rapids Home Price Trends
  2/2023 1/2023 12/2022 11/2022 10/2022
Total Listings 524 553 645 766 836
Average Price $389,944 $372,869 $360,788 $363,693 $360,608
Avg Price Change +4.58% +3.35% -0.81% +0.86% -0.12%
Median Price $282,381 $275,691 $279,076 $274,908 $269,986
Med Price Change +2.43% -1.23% +1.52% +1.82% -1.16%
Avg Bedrooms 2.43 beds 2.51 beds 2.62 beds 2.69 beds 2.7 beds
Avg Bathrooms 1.77 baths 1.85 baths 1.92 baths 1.96 baths 1.94 baths
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 548 $384,354 65 days
Multi-Million Dollar Homes 25 $1,636,192 144 days
Newly Built Homes 44 $656,066 116 days
Homes with a Pool 23 $396,998 58 days
Reduced Price Homes 7 $436,028 44 days
Mike Harig | Realtor
4601 Lake Michigan Dr
Grand Rapids, MI 49534
616-890-8460
616-710-1219

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Information is provided exclusively for consumers’ personal use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable, but is not guaranteed accurate by the MLS.
Copyright 2023 MichRIC, LLC. All rights reserved.
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