Is Grand Rapids, MI 49514 a buyer’s or seller’s market?
Grand Rapids is a balanced market. With about null months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
The Grand Rapids housing market right now
In the three months ending August 31, 2026, 0% of homes in Grand Rapids, MI 49514 sold above their list price and the typical home went under contract in 33 days. With only 1 sale, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking fell from 100%, homes sold more slowly (14 days then) and the median sale price fell 7% to $241,895. Overall, Grand Rapids is less competitive than a year ago, which gives buyers more room.
Run the numbers for 49514
Where Grand Rapids is
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Questions about Grand Rapids real estate
How fast do homes sell in Grand Rapids?
The typical home went under contract in 33 days in the latest three months.
Do homes in Grand Rapids sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 100.0% of the list price.
What is the median home price in Grand Rapids?
The median sale price was $241,895 in the three months ending August 31, 2026, about $259 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology