44 minutes on RocketTour
$10,000 Closing Credit¹
#65025027915, Nancy J Gregus, Listing office: Greenridge Realty (EGR)
Grand Rapids Housing Market Report May 2025•Kent County, Michigan
Housing Prices in Grand Rapids, MI
How much do homes in Grand Rapids, MI cost?
Housing Market Conditions
Is Grand Rapids, MI a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
Grand Rapids is a Seller's Market
Difference Since May 2024
Since last year, Grand Rapids has remained a Seller's Market.
Insight
Grand Rapids is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Median Sold Price
$311,100$186/SqFt
+$11,100
+3.7%
Based on all homes sold in the last 12 months
Insight
Homes in Grand Rapids have sold for 3.7% more than they did a year ago.
Summary: The median home sold price in Grand Rapids was $311,100 in May 2025, up 3.7% from last year, and the median price per square foot was $186.
Median Sold Price By Cities
| City | May 2024 | May 2025 | Change YoY |
|---|---|---|---|
| Grand Rapids Charter Township | $300K | $312.5K | +4.1% |
| Wyoming | $260K | $270K | +3.8% |
| Grand Rapids | $300K | $311.1K | +3.7% |
| Walker | $325.5K | $325K | -0.2% |
| East Grand Rapids | $628.3K | $620K | -1.3% |
Median Sold Price By Bedrooms
| Beds | May 2024 | May 2025 | Change YoY |
|---|---|---|---|
| 11 Bedroom | $206K | $209K | +1.5% |
| 22 Bedrooms | $230K | $245K | +6.5% |
| 33 Bedrooms | $295K | $305.3K | +3.5% |
| 44 Bedrooms | $358.5K | $365.1K | +1.9% |
| 55+ Bedrooms | $525K | $525K | 0.0% |
Summary: Grand Rapids housing price by bedroom type for May 2025, compared to the previous year. The home price for 1 bedroom homes increased by +1.5%. The home price for 2 bedroom homes increased by +6.5%. The home price for 3 bedroom homes increased by +3.5%. The home price for 4 bedroom homes increased by +1.9%. The home price for 5 bedroom homes did not change.
How does Grand Rapids, MI compare with other places?
Market comparison tool
Data and numbers shown are subject to change and may vary based on different timeframes.
Grand Rapids, MI
Housing supply in Grand Rapids, MI
How many homes are available in Grand Rapids, MI?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 1,026Last MonthMay 2025 | ||
| 8982 months agoApr 2025 | +14.3 % Change MoMApr – May |
Summary: The Grand Rapids real estate market had 1,026 homes for sale in May 2025, a 14.3 % increase compared to Apr 2025.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 304Last MonthMay 2025 | ||
| 3012 months agoApr 2025 | +1.0 % Change MoMApr – May |
Homes For Sale By Bedroom Count
| Beds | Apr 2025 | May 2025 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 23 | 24 | +4.3% |
| 22 Bedrooms | 189 | 199 | +5.3% |
| 33 Bedrooms | 410 | 459 | +12.0% |
| 44 Bedrooms | 211 | 259 | +22.7% |
| 55+ Bedrooms | 65 | 85 | +30.8% |
Summary: Grand Rapids housing inventory by bedroom type for May 2025, compared to the previous month. The inventory for 1 bedroom homes increased by +4.3%. The inventory for 2 bedroom homes increased by +5.3%. The inventory for 3 bedroom homes increased by +12.0%. The inventory for 4 bedroom homes increased by +22.7%. The inventory for 5 bedroom homes increased by +30.8%.
Asking Price vs. Sold Price
How much do homes in Grand Rapids, MI cost?
Over Asking Price156 Homes
At Asking Price64 Homes
Under Asking Price84 Homes
Insight
If you're buying a home in Grand Rapids, you could pay more than the asking price. 51.3% of homes here sold above asking price last month.
Summary: A total of 304 homes were sold or pending in Grand Rapids in May 2025, up by 1.0% month-over-month. Of the 304 sold homes, 28% were sold under asking, 21% were sold at asking, and and 51% were sold over asking.
Days on Market for Grand Rapids, MI
How long does it take to sell a home in Grand Rapids, MI?
Breakdown of Home Sale Times
Under 30 Days256 Homes
30 – 90 Days34 Homes
Over 90 Days12 Homes
Insight
Many homes in Grand Rapids are selling fast, if you're buying plan to act quickly.
Summary: During May 2025, 304 homes were sold in Grand Rapids; 84% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 18 DaysThis YearMay 2025 | ||
| 11 Days1 year agoMay 2024 | +55.0 % Change YoYMay 2024 – May 2025 |
Summary: Homes in Grand Rapids had an average listing age of 18 days in May 2025, up by 55.0% compared to the previous year.
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Newest Listings in Grand Rapids, MI
What homes are available in Grand Rapids, MI?
8 hours on Rocket
$3,551 Closing Credit¹
#65025027901, Allison V Koetsier, Listing office: Compass Realty Services
10 hours on Rocket
$2,731 Closing Credit¹
#65025027879, Spencer J Redford, Listing office: Five Star Real Estate (Ada)
10 hours on Rocket
$4,750 Closing Credit¹
#65025027877, Kevin Kroondyk, Listing office: Greenridge Realty (Kentwood)
11 hours on Rocket
$4,155 Closing Credit¹
#65025027871, Alexander M Velzen, Listing office: Apex Realty Group
12 hours on Rocket
$4,156 Closing Credit¹
#65025027855, Catherine J Conklin, Listing office: 616 Realty LLC
14 hours on Rocket
$3,324 Closing Credit¹
#65025027819, Steven R VanWyck, Katelynn R Jaworowski, Listing office: Rise Realty Group
15 hours on Rocket
$10,000 Closing Credit¹
#65025027802, Judith A Morgan, Listing office: Coldwell Banker Schmidt Realtors
16 hours on Rocket
$6,947 Closing Credit¹
#65025027779, Ginger Baxter, Listing office: Keller Williams GR North
17 hours on Rocket
$3,324 Closing Credit¹
#65025027730, Aurelia R Becker, Listing office: Pro Real Estate Services LLC
18 hours on Rocket
$10,000 Closing Credit¹
#65025027715, Jane (Mary) McCarthy, Listing office: Greenridge Realty (EGR)
18 hours on Rocket
$4,275 Closing Credit¹
#65025027709, Carrie J Lewis, Cherie B Smith, Listing office: Keller Williams Realty Rivertown
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MLS Disclaimers and Copyright
Based on information from RealComp II Ltd., Michigan Regional Information Center LLC, Northern Michigan MLS, Greater Lansing MLS, and MiRealSource Inc. DL for the period 06/01/2023 - 06/01/2025
Disclaimer: The data relating to real estate on this web site comes in part from the IDX of Realcomp II Ltd. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited.
IDX provided courtesy of Realcomp II Ltd. Copyright © 2025 Realcomp II Ltd. Shareholders. All rights reserved. Originating MLS shown with each listing detail.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/12/2025, 6:45:41 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Disclaimer: Information deemed reliable, but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor this broker shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of MichRIC, LLC. Real estate listings held by brokerage firms other than this broker are marked with the BR logo and detailed information includes the name of the listing broker. Copyright 2025 Grand Rapids Association of REALTORS® / Copyright © MichRIC, LLC. / MLS Exchange Inc. All rights reserved.Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/12/2025, 12:50:33 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
The data relating to real estate on this web site comes in part from the Internet Data Exchange Program of the Northern Michigan MLS (NM-MLS). The listings displayed come from various NM-MLS. member offices who have chosen to participate in NM-MLSX IDX, the detailed information The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing about said listings includes the listing office information. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the site hosting broker(s), nor the listing broker or NM-MLS, or this broker shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless. © 2025 NM-MLS. All rights reservedData displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/12/2025, 6:45:26 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Listing information is provided in part by the IDX Program of the MLS of the Greater Lansing Association of REALTORS®. IDX information is provided exclusively for Consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS.Copyright © 2025 Greater Lansing Association of REALTORS®. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/12/2025, 12:50:33 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS. Copyright 2025 MiRealSource. All rights reserved. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc.
The information published and disseminated by the Originating MLS is communicated verbatim, without change by the Originating MLS, as filed with it by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/12/2025, 6:45:31 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.