$1,424 Closing Credit*
$119,900
1,164 SqFt
3 Beds
•1 Full Bath
#22405422, CARLEE JAKUBEK, Listing Office: NEXTHOME PRIORITY
Is Grand Rapids, WI 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, WI
How much do homes in Grand Rapids, WI cost?
Median Sold Price
$268,000
$133/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$31,900(-10.6%)
Key Takeaway
Homes in Grand Rapids have sold for 10.6% less than they did a year ago.
Summary: The median home sold price in Grand Rapids was $268,000 in October 2024, down 10.6% from last year, and the median price per square foot was $133.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $86K | $170K | +97.7% |
| 3 Bedrooms | $267K | $252K | -5.6% |
| 4 Bedrooms | $355.2K | $321.7K | -9.4% |
| 5+ Bedrooms | $439.9K | $499.9K | +13.6% |
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 97.7%, 3 bedroom homes decreased by 5.6%, 4 bedroom homes decreased by 9.4%, and 5+ bedroom homes increased by 13.6%.
Median Sold Price Compared To Nearby Cities
| Wisconsin Rapids | $166K | $185.8K | +11.9% |
| Grand Rapids | $299.9K | $268K | -10.6% |
Housing Supply in Grand Rapids, WI
How many homes are available in Grand Rapids, WI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 35 | 34 | -2.9% |
Summary: The Grand Rapids real estate market had 34 homes for sale in October 2024, a 2.9% 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 | 3 | 3 | 0.0% |
| 3 Bedrooms | 20 | 22 | +10.0% |
| 4 Bedrooms | 10 | 7 | -30.0% |
| 5+ Bedrooms | 2 | 2 | 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 increased by 10%, 4 bedroom homes decreased by 30%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 12 | 14 | +16.7% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
5 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. 42.9% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in Grand Rapids in October 2024, up by 16.7% month-over-month. Of the 14 sold homes, 43% were sold under asking, 21% were sold at asking, and 36% 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
