Rapid River Housing Market Report May 2025•Delta County, Michigan

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Housing Prices in Rapid River, MI

How much do homes in Rapid River, MI cost?

Housing Market Conditions

Is Rapid River, MI a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

Rapid River is a Seller's Market

Difference Since April 2025

Last month, Rapid River has remained a Seller's Market.

Insight

Rapid River is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$227,450$203/SqFt
-$492,550
-68.4%

Based on all homes sold in May 2025

Insight

Homes in Rapid River have sold for 68.4% less than they did a month ago.

Summary: The median home sold price in Rapid River was $227,450 in May 2025, down 68.4% from last month, and the median price per square foot was $203.

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsApr 2025May 2025Change MoM
1-$185K
N/A
2$720K$405K
-43.8%
3--
N/A
4--
N/A
5-$269.9K
N/A

Summary: Rapid River housing price by bedroom type for May 2025, compared to the previous month. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes decreased by -43.8%. The home price for 3 bedroom homes did not change. The home price for 4 bedroom homes did not change. The home price for 5 bedroom homes did not change.

How does Rapid River, MI compare with other places?

Market comparison tool

Data and numbers shown are subject to change and may vary based on different timeframes.

Rapid River, MI

Housing supply in Rapid River, MI

How many homes are available in Rapid River, MI?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
6Last MonthMay 2025
32 months agoApr 2025
+100.0 %
Change MoMApr – May

Summary: The Rapid River real estate market had 6 homes for sale in May 2025, a 100.0 % increase compared to Apr 2025.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
4Last MonthMay 2025
12 months agoApr 2025
+300.0 %
Change MoMApr – May

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsApr 2025May 2025Change MoM
101
+100.0%
222
0.0%
301
+100.0%
400
0.0%
512
+100.0%

Summary: Rapid River housing inventory by bedroom type for May 2025, compared to the previous month. The inventory for 1 bedroom homes increased by +100.0%. The inventory for 2 bedroom homes remained the same. The inventory for 3 bedroom homes increased by +100.0%. The inventory for 4 bedroom homes remained the same. The inventory for 5 bedroom homes increased by +100.0%.

Asking Price vs. Sold Price

How much do homes in Rapid River, MI cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price1 Home

At Asking Price2 Homes

Under Asking Price1 Home

Insight

If you're buying a home in Rapid River, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Summary: A total of 4 homes were sold or pending in Rapid River in May 2025, up by 300.0% month-over-month. Of the 4 sold homes, 25% were sold under asking, 50% were sold at asking, and and 25% were sold over asking.

Days on Market for Rapid River, MI

How long does it take to sell a home in Rapid River, MI?

Breakdown of Home Sale Times

Under 30 Days2 Homes

30 – 90 Days2 Homes

Over 90 Days0 Home

Insight

Many homes in Rapid River are selling fast, if you're buying plan to act quickly.

Summary: During May 2025, 4 homes were sold in Rapid River; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
Last Month1 month agoChange MoM
28 DaysLast MonthMay 2025
174 Days1 month agoApr 2025
-83.8 %
Change MoMApr – May

Summary: Homes in Rapid River had an average listing age of 28 days in May 2025, down by 83.8% compared to the previous month.

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Newest Listings in Rapid River, MI

What homes are available in Rapid River, MI?

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MLS Disclaimers and Copyright

Based on information from MiRealSource Inc. DL, and Michigan Regional Information Center LLC for the period 04/01/2025 - 06/01/2025

IDX 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: 6/18/2025, 12:45:31 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Broker Reciprocity 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: 6/18/2025, 12:40:32 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.