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City / Town Overview

Grand Rapids, MI

Aggregate real estate market report across all ZIPs in scope
Balanced Market
February 2026  ·  Source: Realtor.com

Market Analysis

Data as of February 2026. Source: Realtor.com.

The Grand Rapids, MI real estate market currently shows 644 active listings, with 325 pending sales. Homes are averaging 54.1 days on the market before going under contract.

Inventory has increased compared to last year, with 22 more homes available — giving buyers more choice.

Homes are selling faster, averaging 54.1 days on market compared to 56.2 days last year.

The median listing price has fallen 1.3% year-over-year, from $365,462 to $360,552.

Whether you are buying or selling in Grand Rapids, MI, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 378,331  ·  Density: 1,341.0/mi²  ·  Median household income: $71,236

Typical home value: $229,456  ·  Homeownership: 62.4%

Included Areas

Grand Rapids: 49501, 49502, 49503, 49504, 49505, 49506, 49510, 49512, 49514, 49515, 49516, 49518

Third Ward: 49507

Princeton Estates: 49508

Area Map

Market Overview

Active Listings
644
⇧ 3.5% vs 622 last year
Pending
325
50% pending ratio
Median Price
$360,552
⇩ 1.3% vs $365,462 last year
Average Price
$449,138
⇩ 1.9% vs $457,618 last year
Days on Market
54.1
⇩ 3.7% vs 56 days last year

Price Per Square Foot

Median $/sqft
$219
⇧ 0.8% vs $217/sqft last year
Median Home Size
1,690 sqft
Typical listing size
12-Month $/sqft Trend

12-Month Trends

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %