Grand Rapids Housing Market Report March 2025•Wood County, Ohio

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Housing Prices in Grand Rapids, OH

How much do homes in Grand Rapids, OH cost?

Housing Market Conditions

Is Grand Rapids, OH 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

Grand Rapids is a Seller's Market

Difference Since March 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

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.
$225,000$154/SqFt
+$10,000
+4.7%

Based on all homes sold in the last 12 months

Insight

Homes in Grand Rapids have sold for 4.7% more than they did a year ago.

Summary: The median home sold price in Grand Rapids was $225,000 in March 2025, up 4.7% from last year, and the median price per square foot was $154.

Median Sold Price By Cities

Median Sold Price By Cities
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
Grand Rapids Township
+4.7%
Grand Rapids
+4.7%

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.
BedsMar 2024Mar 2025Change YoY
1$95K$225K
+136.8%
2$150.5K$187.5K
+24.6%
3$204K$225K
+10.3%
4$303K$251.1K
-17.1%
5$325K-
N/A

Summary: Grand Rapids housing price by bedroom type for March 2025, compared to the previous year. The home price for 1 bedroom homes increased by +136.8%. The home price for 2 bedroom homes increased by +24.6%. The home price for 3 bedroom homes increased by +10.3%. The home price for 4 bedroom homes decreased by -17.1%. The home price for 5 bedroom homes did not change.

How does Grand Rapids, OH compare with other places?

Market comparison tool

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

Grand Rapids, OH

Housing supply in Grand Rapids, OH

How many homes are available in Grand Rapids, OH?

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
9Last MonthMar 2025
82 months agoFeb 2025
+12.5 %
Change MoMFeb – Mar

Summary: The Grand Rapids real estate market had 9 homes for sale in Mar 2025, a 12.5 % increase compared to Feb 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
2Last MonthMar 2025
32 months agoFeb 2025
-33.3 %
Change MoMFeb – Mar

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.
BedsFeb 2025Mar 2025Change MoM
111
0.0%
200
0.0%
367
+16.7%
411
0.0%
500
0.0%

Summary: Grand Rapids housing inventory by bedroom type for March 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes remained the same. The inventory for 3 bedroom homes increased by +16.7%. The inventory for 4 bedroom homes remained the same. The inventory for 5 bedroom homes remained the same.

Asking Price vs. Sold Price

How much do homes in Grand Rapids, OH 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 Price2 Homes

At Asking Price0 Home

Under Asking Price0 Home

Insight

If you're buying a home in Grand Rapids, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 2 homes were sold or pending in Grand Rapids in March 2025, down by 33.3% month-over-month. Of the 2 sold homes, 0% were sold under asking, 0% were sold at asking, and and 100% were sold over asking.

Days on Market for Grand Rapids, OH

How long does it take to sell a home in Grand Rapids, OH?

Breakdown of Home Sale Times

Under 30 Days0 Home

30 – 90 Days1 Home

Over 90 Days1 Home

Insight

Avg time on Rocket Homes in Grand Rapids has remained consistent over time.

Summary: During March 2025, 2 homes were sold in Grand Rapids; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% 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.
This Year1 year agoChange YoY
80 DaysThis YearMar 2025
72 Days1 year agoMar 2024
+11.1 %
Change YoYMar 2024 – Mar 2025

Summary: Homes in Grand Rapids had an average listing age of 80 days in Mar 2025, up by 11.1% compared to the previous year.

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Newest Listings in Grand Rapids, OH

What homes are available in Grand Rapids, OH?

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Nearby markets aren't available for Grand Rapids, OH

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MLS Disclaimers and Copyright

Based on information from Northwest Ohio Real Estate Information Systems, for the period 04/01/2023 - 04/01/2025

IDX Copyright 2025 NORIS. All rights reserved. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of the NORIS MLS. Real estate listings held by brokerage firms other than this brokerage are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. This broker participates in Northwest Ohio Real Estate Information Systems, Inc. Broker Reciprocity program, allowing us to display other broker’s listings on our site.

Information deemed reliable but not guaranteed to be accurate. The broker providing these data believes them to be correct but advises interested parties to confirm them before relying on them in a purchase decision. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided 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.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/28/2025, 7:20:52 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.