Grand Rapids Market Report
$357,798
AVERAGE PRICE OF 692 HOMES$1,593,937
AVERAGE PRICE OF 23 MULTI-MILLION DOLLAR HOMES$661,388
AVERAGE PRICE OF 59 NEWLY BUILT HOMES$389,665
AVERAGE PRICE OF 40 HOMES WITH A POOL$341,417
AVERAGE PRICE OF 35 REDUCED PRICE HOMESAverage Home
| Average Price | $357,798 |
| Avg Bedrooms | 2.65 beds |
| Avg Bathrooms | 1.92 baths |
Average Price by Bedrooms
| 1 bedroom | $226,254 |
| 2 bedrooms | $301,090 |
| 3 bedrooms | $296,813 |
| 4 bedrooms | $385,392 |
| 5 bedrooms | $615,655 |
Grand Rapids Home Price Trends
| 11/2022 | 10/2022 | 9/2022 | 8/2022 | 7/2022 | |
|---|---|---|---|---|---|
| Total Listings | 766 | 836 | 834 | 820 | 833 |
| Average Price | $363,693 | $360,608 | $361,051 | $363,880 | $361,251 |
| Avg Price Change | +0.86% | -0.12% | -0.78% | +0.73% | n/a |
| Median Price | $274,908 | $269,986 | $273,121 | $281,983 | $280,000 |
| Med Price Change | +1.82% | -1.16% | -3.24% | +0.71% | n/a |
| Avg Bedrooms | 2.69 beds | 2.7 beds | 2.72 beds | 2.77 beds | 2.75 beds |
| Avg Bathrooms | 1.96 baths | 1.94 baths | 1.96 baths | 2 baths | 1.98 baths |
Home Price by House Size
| Total Homes | Average Price | Avg Days on Site | |
|---|---|---|---|
| All Homes | 692 | $357,798 | 58 days |
| Multi-Million Dollar Homes | 23 | $1,593,937 | 111 days |
| Newly Built Homes | 59 | $661,388 | 89 days |
| Homes with a Pool | 40 | $389,665 | 53 days |
| Reduced Price Homes | 35 | $341,417 | 32 days |
