$50,000
2.00 Acres
Land
Listing Office: Key Realty LTD
Is Grand Rapids, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Grand Rapids has remained a Seller's Market.
Key Takeaway
Grand Rapids is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Grand Rapids, OH
How much do homes in Grand Rapids, OH cost?
Median Sold Price
$224,559
$157/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$5,391(-2.3%)
Key Takeaway
Homes in Grand Rapids have sold for 2.3% less than they did a year ago.
Summary: The median home sold price in Grand Rapids was $224,559 in October 2024, down 2.3% from last year, and the median price per square foot was $157.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $95K | - | N/A |
| 2 Bedrooms | $138.9K | $193K | +38.9% |
| 3 Bedrooms | $252.2K | $220.2K | -12.7% |
| 4 Bedrooms | $279K | $251.1K | -10.0% |
| 5+ Bedrooms | $220K | $430K | +95.5% |
Summary: Grand Rapids housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 38.9%, 3 bedroom homes decreased by 12.7%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes increased by 95.5%.
Median Sold Price Compared To Nearby Cities
| Mc Clure | $97.4K | $182.4K | +87.2% |
| Grand Rapids | $229.9K | $224.5K | -2.3% |
| Grand Rapids Township | $229.9K | $224.5K | -2.3% |
| Providence Township | $343.5K | $332.5K | -3.2% |
Housing Supply in Grand Rapids, OH
How many homes are available in Grand Rapids, OH?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 3 | -40.0% |
Summary: The Grand Rapids real estate market had 3 homes for sale in October 2024, a 40.0% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 3 | 3 | 0.0% |
| 4 Bedrooms | 2 | 0 | -100.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Grand Rapids housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 1 | -75.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Grand Rapids, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.
Summary: A total of 1 homes were sold or pending in Grand Rapids in October 2024, down by 75.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.
Days on Market for Grand Rapids, OH
How long does it take to sell a home in Grand Rapids, OH?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 21 Days | 37 Days | +76.2% |
Summary: Homes in Grand Rapids had an average of 37 days on market in Oct 2024, up by 76.2% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Grand Rapids has remained consistent over time.
Summary: During October 2024, 1 homes were sold in Grand Rapids; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Copyright 2024 NORIS. All rights reserved. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of the NORIS MLS. Real estate listings held by brokerage firms other than this brokerage are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. This broker participates in Northwest Ohio Real Estate Information Systems, Inc. Broker Reciprocity program, allowing us to display other broker’s listings on our site.