Grand Rapids, MI Homes For Sale & Real Estate

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Grand Rapids, MI Real Estate Insights

As the second largest city in Michigan, and the largest city in West Michigan, 195,102locals call Grand Rapids home. Just 30 miles east of Lake Michigan on the Grand River, Grand Rapids is within driving distance to beautiful beaches - most notably, Oval Beach in Saugatuck. Aside from being accessible to the shore, Grand Rapids itself is a lively metropolitan with plenty to do in both the summer and winter months. The Frederik Meijer Gardens and Sculpture Park is a top museum, while the Grand Rapids Art Museum is a cultural must-do for all ages. Art is heavily celebrated in the city, so much that Grand Rapids hosts ArtPrize every summer to offer one lucky winner $200,000 for the top painting, sculpture or installation.
The Lake Michigan shoreline is one of the 25 top in the world, according to Conde Nast Traveler, so buyers in Grand Rapids might assume home values would be high considering the proximity to the coast. And with the center-city bustling with culture and entertainment, it might come as a surprise that average list prices are relatively low compared to national averages. Last year, average list price was $166,455, a 21.02 percent increase from the year prior. Inventory tightened year-over-year by 21.33 percent, and the number of homes on the market last year was just 815 from 1,036 in 2014.