East Grand Rapids Home Prices & Values

$276,200 Zillow Home Value Index What's This?  
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The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

  • 5.5% 1-year change
  • 2.1% 1-year forecast

Market Temperature: Very HotWhat's This?
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Based on three metrics—sale-to-list price ratio, the prevalence of price cuts on home listings, and time-on-market—the market temperature provides information on the current balance of bargaining power between buyers and sellers in this city relative to other cities in the same metropolitan area. A particular city may be identified as a good market for buyers in a metro market favorable to sellers overall. Learn more

Buyers' Market Sellers' Market

The median home value in East Grand Rapids is $276,200. East Grand Rapids home values have gone up 5.5% over the past year and Zillow predicts they will rise 2.1% within the next year. The median list price per square foot in East Grand Rapids is $171, which is higher than the Grand Rapids Metro average of $95. The median price of homes currently listed in East Grand Rapids is $379,000 while the median price of homes that sold is $271,200. The median rent price in East Grand Rapids is $775, which is lower than the Grand Rapids Metro median of $899.

Relative ZHVI
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East Grand Rapids Market Overview

Data through Jun 30, 2014
  • $276,200 ZHVI
  • 2.1% 1-yr forecast What's This?  
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    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more

    (Jun 30, 2015)
  • $379,000 Median listing price
  • $271,200 Median sale price
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East Grand Rapids Market Health

Data through Jun 30, 2014
  • 3.1/10 Less healthy What's This?  
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    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.

  • No data Average of days on Zillow
  • No data Homes with negative equity (18.8% US Avg)
  • No data Delinquent on mortgage (7.2% US Avg)
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Nearby Cities

Name Median ZHVI Name Median ZHVI Name Median ZHVI
Forest Hills $278,500 Cascade Township $246,000 Grand Rapids Township $208,900
Walker $145,400 Kentwood $127,400 Grand Rapids $100,300
Wyoming $96,500    

Listings & Sales

Data through Jun 30, 2014
  • $171 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 29.9% Listings with price cut
2.9%
Sold below listing
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East Grand Rapids Rentals

Data through Jun 30, 2014
Zillow Rent Index What's This?
Close The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more
$1,545 East Grand Rapids
$1,103 Grand Rapids Metro
$1,310 United States
  • 3.0 Breakeven horizon What's This?  
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    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more

    (Jun 30, 2013)
  • No recent data Rent list price
  • No data Rent list price / sq ft
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