Grand Rapids, MI metro area Housing Market
Hot MarketComprehensive housing market data for the Grand Rapids, MI metro area metro area. Track home prices, inventory, days on market, and competition — updated monthly for real estate investors.
Data period: March 2026
Median Sale Price
$358K
↑ 5.1% YoY
Days on Market
18 days
– 0.0% YoY
Active Inventory
1,122
↓ 14.2% YoY
Homes Sold
815
↓ 9.9% YoY
Hot Market
Homes are selling quickly with strong competition among buyers.
Grand Rapids, MI metro area Market Summary
The Grand Rapids, MI metro area housing market is heating up. As of March 2026, the median home sale price is $358K, up 5.1% year-over-year. Homes are spending a median of 18 days on the market, 0.0% shorter than a year ago.
There are 1,122 homes for sale — 14.2% fewer than last year. With 1.4 months of supply, this is a seller's market. 1,089 new listings were added during this period, down 9.4% year-over-year.
Homes are selling for 99.6% of their list price on average, suggesting room for negotiation. 32.0% of homes sell above their asking price. 30.2% of listings have had a price drop.
Market Opportunity Score
Based on current market conditions
45
Contributing Factors
How This Market Compares
vs. National Median
vs. Michigan Median
Investor Takeaway
This is a highly competitive market. Be prepared to move quickly and potentially offer above asking price. A significant share of sellers are cutting prices, which can signal motivated sellers and potential deals. Prices are 18% below the national median, which could indicate stronger cash flow potential.
Grand Rapids, MI metro area Market Trends
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Detailed Market Metrics
Median List Price
$365K
Price per Sq Ft
$216
Sale-to-List Ratio
99.6%
Months of Supply
1.4
Sold Above List
32.0%
Price Drops
30.2%
New Listings
1,089
↓ 9.4% YoY
Pending Sales
1,126
Off Market in 2 Weeks
58.6%
Other Markets in Michigan
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$313K · 32d on market
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$200K · 37d on market
Lansing, MI metro area
$230K · 40d on market
Flint, MI metro area
$200K · 36d on market
Ann Arbor, MI metro area
$410K · 40d on market
Kalamazoo, MI metro area
$295K · 22d on market
Muskegon, MI metro area
$238K · 31d on market
Traverse City, MI metro area
$417K · 52d on market
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Try It FreeHousing market data provided by Redfin, a national real estate brokerage. Not financial advice. Always consult a qualified professional before making investment decisions.