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Grand Rapids Market Report

$352,104

AVERAGE PRICE OF 491 HOMES

$317,000

AVERAGE PRICE OF 2 DISTRESSED HOMES

$1,434,986

AVERAGE PRICE OF 14 MULTI-MILLION DOLLAR HOMES

$649,342

AVERAGE PRICE OF 45 NEWLY BUILT HOMES

$506,240

AVERAGE PRICE OF 30 HOMES WITH A POOL

$559,980

AVERAGE PRICE OF 5 REDUCED PRICE HOMES

Average Home

Average Price $352,104
Avg Bedrooms 3.2 beds
Avg Bathrooms 2.24 baths

Average Price by Bedrooms

1 bedroom $249,963
2 bedrooms $272,392
3 bedrooms $288,998
4 bedrooms $446,505
5 bedrooms $592,275
Grand Rapids Home Price Trends
  4/2022 3/2022 2/2022 1/2022 12/2021
Total Listings n/a 432 399 401 547
Average Price n/a $346,456 $328,071 $316,176 $303,092
Avg Price Change n/a +5.60% +3.76% +4.32% n/a
Median Price n/a $258,453 $249,833 $240,089 $231,595
Med Price Change n/a +3.45% +4.06% +3.67% n/a
Avg Bedrooms n/a 3.17 beds 3.15 beds 3.17 beds 3.14 beds
Avg Bathrooms n/a 2.19 baths 2.16 baths 2.13 baths 2.07 baths
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 491 $352,104 42 days
Distressed Homes 2 $317,000 10 days
Multi-Million Dollar Homes 14 $1,434,986 104 days
Newly Built Homes 45 $649,342 99 days
Homes with a Pool 30 $506,240 41 days
Reduced Price Homes 5 $559,980 32 days
Bellabay Realty
4950 Plainfield Ave Suite B
Grand Rapids, MI 29525
616-821-5525

Information is provided exclusively for consumers’ personal use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable, but is not guaranteed accurate by the MLS.
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