What the Grand Rapids, MI numbers actually mean right now
The typical home in the Grand Rapids area is valued at $357,283 as of August 2026. That is 4.9% above where it sat a year ago, when the same figure was $340,619.
Homes are taking about 22 days to go under contract, compared with 22 days this time last year. 48.2% of sales are closing above the asking price, down from 49.4% a year ago.
There are 2,717 homes on the market, +11.2% against last year. New listings are +11.1% year over year.
On the rental side, asking rents are around $1,631 a month, +3.6% year over year.
For buyers: there is more to choose from than a year ago, fewer sales are going over asking. What that means for a specific budget and neighbourhood is worth a conversation — these are metro-wide figures.
For sellers: homes are going under contract faster than a year ago, there are more competing listings, the share of homes selling above asking has fallen. Pricing against what is actually selling nearby matters more in this kind of market than it does in a fast one.
Two things this page cannot supply: what is happening on your own street, and how to word the ask at the end. The first is why your clients hired you rather than opening Zillow. The second is covered once, properly, in the guide on the main template page — repeating it here in twenty slightly different ways would not make it truer.