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Grand Rapids Market Report

$358,989

AVERAGE PRICE OF 715 HOMES

$1,558,706

AVERAGE PRICE OF 25 MULTI-MILLION DOLLAR HOMES

$658,323

AVERAGE PRICE OF 57 NEWLY BUILT HOMES

$412,834

AVERAGE PRICE OF 43 HOMES WITH A POOL

$370,376

AVERAGE PRICE OF 21 REDUCED PRICE HOMES

Average Home

Average Price $358,989
Avg Bedrooms 2.67 beds
Avg Bathrooms 1.93 baths

Average Price by Bedrooms

1 bedroom $222,390
2 bedrooms $299,354
3 bedrooms $291,103
4 bedrooms $395,677
5 bedrooms $598,784
Grand Rapids Home Price Trends
  10/2022 9/2022 8/2022 7/2022 6/2022
Total Listings 836 834 820 833 n/a
Average Price $360,608 $361,051 $363,880 $361,251 n/a
Avg Price Change -0.12% -0.78% +0.73% n/a n/a
Median Price $269,986 $273,121 $281,983 $280,000 n/a
Med Price Change -1.16% -3.24% +0.71% n/a n/a
Avg Bedrooms 2.7 beds 2.72 beds 2.77 beds 2.75 beds n/a
Avg Bathrooms 1.94 baths 1.96 baths 2 baths 1.98 baths n/a
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 715 $358,989 56 days
Multi-Million Dollar Homes 25 $1,558,706 100 days
Newly Built Homes 57 $658,323 87 days
Homes with a Pool 43 $412,834 49 days
Reduced Price Homes 21 $370,376 32 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 2022 MichRIC, LLC. All rights reserved.
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