If you need assistance, please call 616-901-2696

Grand Rapids Market Report

$367,288

AVERAGE PRICE OF 596 HOMES

$250,499

AVERAGE PRICE OF 2 DISTRESSED HOMES

$1,417,132

AVERAGE PRICE OF 14 MULTI-MILLION DOLLAR HOMES

$678,992

AVERAGE PRICE OF 38 NEWLY BUILT HOMES

$473,614

AVERAGE PRICE OF 47 HOMES WITH A POOL

$395,291

AVERAGE PRICE OF 30 REDUCED PRICE HOMES

Average Home

Average Price $367,288
Avg Bedrooms 3.29 beds
Avg Bathrooms 2.35 baths

Average Price by Bedrooms

1 bedroom $219,318
2 bedrooms $272,217
3 bedrooms $308,888
4 bedrooms $458,817
5 bedrooms $496,226
Grand Rapids Home Price Trends
  7/2022 6/2022 5/2022 4/2022 3/2022
Total Listings 675 n/a n/a n/a 432
Average Price $359,039 n/a n/a n/a $346,456
Avg Price Change n/a n/a n/a n/a +5.60%
Median Price $289,930 n/a n/a n/a $258,453
Med Price Change n/a n/a n/a n/a +3.45%
Avg Bedrooms 3.25 beds n/a n/a n/a 3.17 beds
Avg Bathrooms 2.31 baths n/a n/a n/a 2.19 baths
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 596 $367,288 42 days
Distressed Homes 2 $250,499 49 days
Multi-Million Dollar Homes 14 $1,417,132 78 days
Newly Built Homes 38 $678,992 74 days
Homes with a Pool 47 $473,614 43 days
Reduced Price Homes 30 $395,291 32 days
Keller Williams Grand Rapids North
Roger Ackerman
3237 Platinum Street NE
Grand Rapids, MI 49525
616-901-2696

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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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