Grand Rapids Market Report
$384,463
AVERAGE PRICE OF 548 HOMES$1,636,192
AVERAGE PRICE OF 25 MULTI-MILLION DOLLAR HOMES$652,596
AVERAGE PRICE OF 45 NEWLY BUILT HOMES$396,998
AVERAGE PRICE OF 23 HOMES WITH A POOL$341,770
AVERAGE PRICE OF 10 REDUCED PRICE HOMESAverage Home
| Average Price | $384,463 |
| Avg Bedrooms | 2.48 beds |
| Avg Bathrooms | 1.82 baths |
Average Price by Bedrooms
| 1 bedroom | $305,420 |
| 2 bedrooms | $273,220 |
| 3 bedrooms | $322,430 |
| 4 bedrooms | $439,720 |
| 5 bedrooms | $557,677 |
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 | $384,463 | 64 days |
| Multi-Million Dollar Homes | 25 | $1,636,192 | 141 days |
| Newly Built Homes | 45 | $652,596 | 111 days |
| Homes with a Pool | 23 | $396,998 | 55 days |
| Reduced Price Homes | 10 | $341,770 | 48 days |
