New - 7 days on RocketVideo tour
$1,247 Closing Credit¹
#6126433, Listing Office: Howard Hanna
Grand Rapids Housing Market Report February 2025•Wood County, Ohio
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?
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
$227,500$161/SqFt
+$12,500
+5.8%
Based on all homes sold in the last 12 months
Insight
Homes in Grand Rapids have sold for 5.8% more than they did a year ago.
Summary: The median home sold price in Grand Rapids was $227,500 in February 2025, up 5.8% from last year, and the median price per square foot was $161.
Median Sold Price By Cities
| City | Feb 2024 | Feb 2025 | Change YoY |
|---|---|---|---|
| Grand Rapids Township | $215K | $227.5K | +5.8% |
| Grand Rapids | $215K | $227.5K | +5.8% |
Median Sold Price By Bedrooms
| Beds | Feb 2024 | Feb 2025 | Change YoY |
|---|---|---|---|
| 11 Bedroom | $95K | $225K | +136.8% |
| 22 Bedrooms | $139K | $230K | +65.5% |
| 33 Bedrooms | $210K | $225K | +7.1% |
| 44 Bedrooms | $303K | $251.1K | -17.1% |
| 55+ Bedrooms | $325K | - | N/A |
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 +136.8%. The home price for 2 bedroom homes increased by +65.5%. The home price for 3 bedroom homes increased by +7.1%. The home price for 4 bedroom homes decreased by -17.1%. The home price for 5 bedroom homes did not change.
Housing supply in Grand Rapids, OH
How many homes are available in Grand Rapids, OH?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 9Last MonthFeb 2025 | ||
| 82 months agoJan 2025 | +12.5 % Change MoMJan – Feb |
Summary: The Grand Rapids real estate market had 9 homes for sale in Feb 2025, a 12.5 % increase compared to Jan 2025.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 3Last MonthFeb 2025 | ||
| 12 months agoJan 2025 | +200.0 % Change MoMJan – Feb |
Homes For Sale By Bedroom Count
| Beds | Jan 2025 | Feb 2025 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 0 | 1 | +100.0% |
| 22 Bedrooms | 0 | 0 | 0.0% |
| 33 Bedrooms | 5 | 6 | +20.0% |
| 44 Bedrooms | 3 | 2 | -33.3% |
| 55+ Bedrooms | 0 | 0 | 0.0% |
Summary: Grand Rapids housing inventory by bedroom type for February 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 +20.0%. The inventory for 4 bedroom homes decreased by -33.3%. The inventory for 5 bedroom homes remained the same.
Asking Price vs. Sold Price
How much do homes in Grand Rapids, OH cost?
Over Asking Price2 Homes
At Asking Price0 Home
Under Asking Price1 Home
Insight
If you're buying a home in Grand Rapids, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in Grand Rapids in February 2025, up by 200.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and and 67% 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 Days2 Homes
Over 90 Days1 Home
Insight
Avg time on Rocket Homes in Grand Rapids has remained consistent over time.
Summary: During February 2025, 3 homes were sold in Grand Rapids; 0% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 65 DaysThis YearFeb 2025 | ||
| 157 Days1 year agoFeb 2024 | -58.3 % Change YoYFeb 2024 – Feb 2025 |
Summary: Homes in Grand Rapids had an average listing age of 65 days in Feb 2025, down by 58.3% compared to the previous year.
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Newest Listings in Grand Rapids, OH
What homes are available in Grand Rapids, OH?
New - 7 days on RocketBackup offers
$2,138 Closing Credit¹
#6126284, Listing Office: RE/MAX Preferred Associates
Video tour
#6125521, Listing Office: Howard Hanna
Backup offersVideo tour
$1,899 Closing Credit¹
#6125280, Listing Office: The Danberry Co
Video tour
$4,155 Closing Credit¹
#6123631, Listing Office: Serenity Realty LLC
Backup offersVideo tour
$2,589 Closing Credit¹
#6123427, Listing Office: Coldwell Banker Haynes
Nearby markets
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 03/01/2023 - 03/01/2025
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: 3/5/2025, 11:55:51 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.