$3,028 Closing Credit*
$255,000
2,236 SqFt
4 Beds
•1 Full Bath, 2 Partial
Listing Office: Serenity Realty LLC
Is Grand Rapids, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Grand Rapids was a Seller's Market.
Key Takeaway
Grand Rapids is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Grand Rapids, OH
How much do homes in Grand Rapids, OH cost?
Median Sold Price
$225,000
$160/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$5,000(+2.3%)
Key Takeaway
Homes in Grand Rapids have sold for 2.3% more than they did a year ago.
Summary: The median home sold price in Grand Rapids was $225,000 in November 2024, up 2.3% from last year, and the median price per square foot was $160.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $95K | $225K | +136.8% |
| 2 Bedrooms | $139K | $227K | +63.4% |
| 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 November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 136.8%, 2 bedroom homes increased by 63.4%, 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 | $78.7K | $165K | +109.5% |
| Grand Rapids | $220K | $225K | +2.3% |
| Grand Rapids Township | $220K | $225K | +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
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 6 | +50.0% |
Summary: The Grand Rapids real estate market had 6 homes for sale in November 2024, a 50.0% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 3 | 3 | 0.0% |
| 4 Bedrooms | 0 | 2 | +100.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Grand Rapids housing inventory by bedroom type for November 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 increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 1 | 1 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Grand Rapids, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in Grand Rapids in November 2024, the same as the previous month. Of the 1 sold homes, 100% were sold under asking, 0% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 65 Days | 56 Days | -13.8% |
Summary: Homes in Grand Rapids had an average of 56 days on market in Nov 2024, down by 13.8% 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 November 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.