9 hours on Rocket
$4,511 Closing Credit¹
#25009295, Kenneth E Smith, Listing Office: Homestead Realty of W Michigan
Grand Rapids Housing Market Report February 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 February 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
$311,206$185/SqFt
+$14,602
+4.9%
Based on all homes sold in the last 12 months
Insight
Homes in Grand Rapids have sold for 4.9% more than they did a year ago.
Summary: The median home sold price in Grand Rapids was $311,206 in February 2025, up 4.9% from last year, and the median price per square foot was $185.
Median Sold Price By Cities
| City | Feb 2024 | Feb 2025 | Change YoY |
|---|---|---|---|
| Grand Rapids | $296.6K | $311.2K | +4.9% |
| Grand Rapids Charter Township | $297.8K | $311.7K | +4.7% |
| Wyoming | $257.5K | $269.7K | +4.7% |
| Walker | $317.5K | $330K | +3.9% |
| East Grand Rapids | $630K | $640K | +1.6% |
Median Sold Price By Bedrooms
| Beds | Feb 2024 | Feb 2025 | Change YoY |
|---|---|---|---|
| 11 Bedroom | $200K | $221K | +10.5% |
| 22 Bedrooms | $225K | $241.6K | +7.4% |
| 33 Bedrooms | $289.9K | $301.8K | +4.1% |
| 44 Bedrooms | $349.9K | $374.2K | +6.9% |
| 55+ Bedrooms | $507K | $529.9K | +4.5% |
Summary: Grand Rapids housing price by bedroom type for February 2025, compared to the previous year. The home price for 1 bedroom homes increased by +10.5%. The home price for 2 bedroom homes increased by +7.4%. The home price for 3 bedroom homes increased by +4.1%. The home price for 4 bedroom homes increased by +6.9%. The home price for 5 bedroom homes increased by +4.5%.
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 |
|---|---|---|
| 760Last MonthFeb 2025 | ||
| 7372 months agoJan 2025 | +3.1 % Change MoMJan – Feb |
Summary: The Grand Rapids real estate market had 760 homes for sale in Feb 2025, a 3.1 % increase compared to Jan 2025.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 223Last MonthFeb 2025 | ||
| 2122 months agoJan 2025 | +5.2 % Change MoMJan – Feb |
Homes For Sale By Bedroom Count
| Beds | Jan 2025 | Feb 2025 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 28 | 29 | +3.6% |
| 22 Bedrooms | 159 | 177 | +11.3% |
| 33 Bedrooms | 312 | 310 | -0.6% |
| 44 Bedrooms | 192 | 201 | +4.7% |
| 55+ Bedrooms | 46 | 43 | -6.5% |
Summary: Grand Rapids housing inventory by bedroom type for February 2025, compared to the previous month. The inventory for 1 bedroom homes increased by +3.6%. The inventory for 2 bedroom homes increased by +11.3%. The inventory for 3 bedroom homes decreased by -0.6%. The inventory for 4 bedroom homes increased by +4.7%. The inventory for 5 bedroom homes decreased by -6.5%.
Asking Price vs. Sold Price
How much do homes in Grand Rapids, MI cost?
Over Asking Price93 Homes
At Asking Price39 Homes
Under Asking Price91 Homes
Insight
If you're buying a home in Grand Rapids, you could pay more than the asking price. 41.7% of homes here sold above asking price last month.
Summary: A total of 223 homes were sold or pending in Grand Rapids in February 2025, up by 5.2% month-over-month. Of the 223 sold homes, 41% were sold under asking, 17% were sold at asking, and and 42% 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 Days143 Homes
30 – 90 Days52 Homes
Over 90 Days27 Homes
Insight
Many homes in Grand Rapids are selling fast, if you're buying plan to act quickly.
Summary: During February 2025, 223 homes were sold in Grand Rapids; 64% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 34 DaysThis YearFeb 2025 | ||
| 25 Days1 year agoFeb 2024 | +32.7 % Change YoYFeb 2024 – Feb 2025 |
Summary: Homes in Grand Rapids had an average listing age of 34 days in Feb 2025, up by 32.7% compared to the previous year.
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Newest Listings in Grand Rapids, MI
What homes are available in Grand Rapids, MI?
20 hours on Rocket
$3,799 Closing Credit¹
#65025009277, Yordanos Torrez, Listing Office: Polaris Real Estate LLC
21 hours on Rocket
$2,494 Closing Credit¹
#65025009271, Darcy Fritsch, Listing Office: 616 Realty LLC
21 hours on RocketVideo tour
$3,443 Closing Credit¹
#71025009269, Ariel Christy, Listing Office: Engel & Volkers Shoreline
23 hours on Rocket
$2,968 Closing Credit¹
#65025009254, Sarah DeRooy, Listing Office: City2Shore Real Estate (GR)
1 day on Rocket
$5,936 Closing Credit¹
#65025009214, Kathleen N Wynsma, Listing Office: Coldwell Banker AJS (Casc)
1 day on Rocket
$3,503 Closing Credit¹
#65025009186, Caleb E Sportell, Daniel S Bradley, Listing Office: Five Star Real Estate (Rock)
1 day on Rocket
$2,197 Closing Credit¹
#65025009179, Adam Connor, Listing Office: Bellabay Realty LLC
1 day on Rocket
$6,411 Closing Credit¹
#65025009180, Jeff Czubak, Mark M Brace, Listing Office: Berkshire Hathaway HomeServices Michigan Real Estate (Main)
1 day on Rocket
$2,458 Closing Credit¹
#65025009174, Milly J Orduna-Reyes, Listing Office: Lake Michigan Realty Mgmt
1 day on Rocket
$4,750 Closing Credit¹
#65025009167, Jane (Mary) McCarthy, Listing Office: Greenridge Realty (EGR)
1 day on Rocket
$2,221 Closing Credit¹
#65025009168, Edgar Zepeda, Listing Office: Homes 28
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MLS Disclaimers and Copyright
Based on information from RealComp II Ltd., Michigan Regional Information Center LLC, Greater Lansing MLS, Northern Michigan MLS, and Water Wonderland MLS Inc. for the period 03/01/2023 - 03/01/2025
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: 3/13/2025, 8:20:54 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: 3/13/2025, 8:20:54 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: 3/13/2025, 8:20:54 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: 3/13/2025, 8:20:49 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
© 2025 Water Wonderland MLS, Inc © All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange Program of the Water Wonderland MLS (WWLX). Real estate listings held by brokerage firms other than this broker are marked with the WWLX logo and the detailed information about said listing includes the listing office.The listings displayed come from various Water Wonderland Board of REALTORS® member offices who have chosen to participate in WWBR. 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. 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 Water Wonderland Board of REALTORS® shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless.Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/13/2025, 8:20:51 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.