$2,968 Closing Credit*
$249,900
1,296 SqFt
3 Beds
•1 Full Bath, 1 Partial
#22405672, CHARISSE WOODARD, Listing Office: EXIT MIDSTATE REALTY
Is Grand Rapids, WI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, 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, WI
How much do homes in Grand Rapids, WI cost?
Median Sold Price
$282,500
$127/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
+$27,000(+10.6%)
Key Takeaway
Homes in Grand Rapids have sold for 10.6% more than they did a month ago.
Summary: The median home sold price in Grand Rapids was $282,500 in November 2024, up 10.6% from last month, and the median price per square foot was $127.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $215K | - | N/A |
| 3 Bedrooms | $252.7K | $230K | -9.0% |
| 4 Bedrooms | $370K | $287.4K | -22.3% |
| 5+ Bedrooms | $424K | $410K | -3.3% |
Summary: Grand Rapids housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 9%, 4 bedroom homes decreased by 22.3%, and 5+ bedroom homes decreased by 3.3%.
Median Sold Price Compared To Nearby Cities
| Grand Rapids | $255.5K | $282.5K | +10.6% |
| Port Edwards | $230K | $165K | -28.3% |
| Biron | $360K | $150K | -58.3% |
Housing Supply in Grand Rapids, WI
How many homes are available in Grand Rapids, WI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 35 | 30 | -14.3% |
Summary: The Grand Rapids real estate market had 30 homes for sale in November 2024, a 14.3% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 2 | -33.3% |
| 3 Bedrooms | 23 | 20 | -13.0% |
| 4 Bedrooms | 7 | 6 | -14.3% |
| 5+ Bedrooms | 2 | 2 | 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 decreased by 33.3%, 3 bedroom homes decreased by 13%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 15 | 8 | -46.7% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Grand Rapids, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 8 homes were sold or pending in Grand Rapids in November 2024, down by 46.7% month-over-month. Of the 8 sold homes, 38% were sold under asking, 13% were sold at asking, and 50% were sold over asking.
Days on Market for Grand Rapids, WI
We’re sorry, we don't have information for this market at the moment
