Grand Rapids Market Trends


Median Sales Price in Grand Rapids

 

1 yr 5 yr Max
Grand Rapids median sales prices
Number of sold homes in Grand Rapids
No. Bedrooms Feb - May '15 y-o-y 3 months prior 1 year prior 5 years prior
1 bedroom - - - - -
2 bedrooms $124,450 -55.4% $172,500 $279,000 $247,601
3 bedrooms $180,500 +4.6% $176,500 $172,500 $140,000
4 bedrooms $329,900 +9.9% $300,000 $300,250 $289,000
All properties $124,900 +5.8% $120,000 $118,000 $103,000
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Summary for Grand Rapids


The median sales price for homes in Grand Rapids MI for Feb 15 to May 15 was $124,900. This represents an increase of 4.1%, or $4,900, compared to the prior quarter and an increase of 5.8% compared to the prior year. Sales prices have appreciated 21.3% over the last 5 years in Grand Rapids. The average listing price for Grand Rapids homes for sale on Trulia was $179,434 for the week ending May 13, which represents an increase of 0.4%, or $712, compared to the prior week and a decline of 0.2%, or $307, compared to the week ending Apr 22. Average price per square foot for Grand Rapids MI was $134, an increase of 9.8% compared to the same period last year. Popular neighborhoods in Grand Rapids include Creston, West Grand, Garfield Park, Westside Connection, Millbrook, and Eastown.

Average Listing Price in Grand Rapids

 

Grand Rapids average property price
Grand Rapids – number of properties
No. Bedrooms Week ending
May 13
w-o-w Week ending
May 6
Week ending
Apr 29
Week ending
Apr 22
1 bedroom $234,518 +13.1% $207,442 $221,877 $212,823
2 bedrooms $128,590 +0.7% $127,742 $137,851 $149,121
3 bedrooms $139,048 -1.7% $141,518 $142,838 $134,491
4 bedrooms $228,649 +1.8% $224,537 $219,842 $225,022
All properties $179,434 +0.4% $178,722 $176,563 $179,741
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Average Price Per Sqft. for Homes in Grand Rapids

 

1 yr 5 yr Max
Grand Rapids average price per square foot
No. Bedrooms Feb - May '15 y-o-y 3 months prior 1 year prior 5 years prior
1 bedroom - - - - -
2 bedrooms $124 -15.1% $119 $146 $141
3 bedrooms $130 +17.1% $137 $111 $109
4 bedrooms $139 +6.1% $134 $131 $121
All properties $134 +9.8% $133 $122 $116
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Popular Neighborhoods in Grand Rapids


Neighborhoods Week ending
May 13
w-o-w Week ending
May 6
Week ending
Apr 29
Creston 1 1 1
West Grand 2 +1 3 3
Garfield Park 3 +1 4 4
Westside Connection 4 -2 2 2
Millbrook 5 +1 6 5
Eastown 6 +4 10 10
Homes for Sale in Grand Rapids
View all Grand Rapids Homes for Sale