Real Estate Market Report

City of Grand Rapids, December 2018

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Market Snapshot, (Data Updated 10/31/2018)

Estimated Median Home Value $193K
  • .09 percent decrease from last month and also from last quarter
  • 8.96 percent increase over last 12 months
  • 22.21 percent increase over last 24 months
Estimated Media Sales Price $183K
  • 7.35 percent increase from last month and also from last quarter
  • 17.74 percent increase over last 12 months
  • 22.48 percent increase over last 24 months
Median List Price $190K
  • 190 percent increase from last month and also from last quarter
  • 11.77 percent increase over last 12 months
  • 26.68 percent increase over last 24 months

Market Activity Summary (Generated Dec. 6, 2018)

  • New Active Listings – 10
  • Pending Listings – 10
  • Distressed Activity – 8
  • Recently Sold – 10
  • Median Sold Price – $205K
  • Median Price per sq. ft. – $129
  • Median Days on Market – 60

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