Is It a Good Time to Sell in Grand Rapids?
If you're thinking about selling your home in Grand Rapids, Michigan, knowing where the market stands can make a big difference in your pricing, staging, and timing strategy. Here's what the latest numbers tell us—and what they mean for you as a seller.
📊 A Strong Seller’s Market
With just 1.39 months of inventory, Grand Rapids is still firmly in a seller’s market. (A balanced market typically sits around 4–6 months of inventory.) That means buyer demand is outpacing supply, and well-prepped homes are moving quickly—often for top dollar.
📈 Inventory Is Rising… Slightly
Inventory has increased:
6% in the past month
2% year-over-year
While supply is trending upward, it's still low enough that sellers remain in control. That said, if more homes hit the market this fall, waiting too long could mean more competition. Listing sooner may give you an advantage while buyer demand is still hot.
💰 Homes Are Selling Over Asking
The current sold-to-list price ratio is 101%—meaning most homes are selling slightly above their asking price. That’s a strong sign of bidding wars or multiple-offer situations, especially in desirable Grand Rapids neighborhoods like Heritage Hill, Alger Heights, and Creston.
⏱️ Median Days on Market: Just 6
Buyers are moving fast. The median home in Grand Rapids sells in just 6 days. This tells us that if you price your home right and prep it well, you’re likely to see strong interest right out of the gate.
💵 Median Sold Price: $324,900
The median sale price in the Grand Rapids market currently stands at $324,900. This serves as a helpful benchmark when considering your list price, though your actual value will depend on condition, location, and size.
🎯 What This Means for You as a Seller
If you're asking, “Should I sell now or wait?”—the numbers point to now. Grand Rapids sellers are benefiting from low inventory, quick sales, and strong pricing. But with inventory slowly rising, timing could be key.
👋 Let's Talk Strategy
Want to know what your home is worth in this market?
📲 Contact Mike Smallegan today for a free consultation, pricing strategy, and staging tips.
We’ll make sure your listing stands out—and sells for top dollar.
