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Grand Rapids Market Report

$428,945

AVERAGE PRICE OF 599 HOMES

$1,713,467

AVERAGE PRICE OF 30 MULTI-MILLION DOLLAR HOMES

$609,281

AVERAGE PRICE OF 50 NEWLY BUILT HOMES

$512,770

AVERAGE PRICE OF 40 HOMES WITH A POOL

$390,200

AVERAGE PRICE OF 16 REDUCED PRICE HOMES

Average Home

Average Price $428,945
Avg Bedrooms 2.54 beds
Avg Bathrooms 1.97 baths

Average Price by Bedrooms

1 bedroom $249,664
2 bedrooms $321,472
3 bedrooms $332,105
4 bedrooms $461,175
5 bedrooms $782,727
Grand Rapids Home Price Trends
  11/2023 10/2023 9/2023 8/2023 7/2023
Total Listings 679 714 674 692 666
Average Price $428,201 $425,328 $423,698 $425,293 $422,888
Avg Price Change +0.68% +0.38% -0.38% +0.57% +3.45%
Median Price $314,803 $308,175 $317,060 $319,177 $320,992
Med Price Change +2.15% -2.88% -0.67% -0.57% +6.49%
Avg Bedrooms 2.6 beds 2.57 beds 2.5 beds 2.55 beds 2.66 beds
Avg Bathrooms 2.03 baths 1.98 baths 1.91 baths 1.94 baths 1.99 baths
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 599 $428,945 75 days
Multi-Million Dollar Homes 30 $1,713,467 210 days
Newly Built Homes 50 $609,281 64 days
Homes with a Pool 40 $512,770 68 days
Reduced Price Homes 16 $390,200 37 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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