Grand Rapids Metro Home Prices and Home Values

  • Zillow Home Value Index

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    Zillow Home Value Index
    Mid-point of Zestimate valuations for Grand Rapids Metro. Half the Zestimates are above this number and half are below it.
  • Median list price ($)

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    Median list price ($)
    Mid-point of the list price for homes listed on Zillow in Grand Rapids Metro, or the asking price.
  • Median sale price ($)

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    Median sale price ($)
    Mid-point of the price homes have sold for in Grand Rapids Metro. Half the homes sold above this number and half sold below.
  • Zillow Rent Index

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    Zillow Rent Index
    Mid-point of Rent Zestimates—Zillow's estimated monthly rent price—for homes in Grand Rapids Metro. Half the Rent Zestimates are above this number and half are below it.
  • Median rent list price ($)

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    Median rent list price ($)
    Mid-point of the rental price for homes listed for rent on Zillow in the Grand Rapids Metro. Half the homes have rent prices above this number and half are below.
  • Total homes sold

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    Total homes sold
    Total number of homes sold in Grand Rapids Metro during the prior 30 days.
  • Median value per sq. ft. ($)

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    Median value per sq. ft. ($)
    Mid-point of the value of all homes in Grand Rapids Metro, per square foot. This is derived by taking the Zestimate for each home and dividing it by the homes square footage (e.g. a 1,000 sq ft home with a Zestimate of $200k has a $200 value/sq foot).
  • Median list price / sq. ft. ($)

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    Median list price / sq. ft. ($)
    Mid-point of Grand Rapids Metros list prices when divided by the square footage of a home (e.g. a 1,000 sq ft home with a list price of $200k has a list price/sq ft of $200).
  • Median sale price / sq. ft. ($)

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    Median sale price / sq. ft. ($)
    Mid-point of Grand Rapids Metros sale prices when divided by the square footage of a home (e.g. a 1,000 sq ft home that sold for $200k has a sale price/sq ft of $200).
  • Rent estimate / sq. ft. ($)

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    Rent estimate / sq. ft. ($)
    Mid-point of the estimated monthly rent price of all homes in Grand Rapids Metro, per square foot. This is derived by taking the Rent Zestimate for each home and dividing it by the homes square footage (e.g. a 1,000 sq ft home with a Rent Zestimate of $2000 per month has a $2 value/sq foot).
  • Median rent list price / sq. ft. ($)

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    Median rent list price / sq. ft. ($)
    Mid-point of Grand Rapids Metros rent when divided by the square footage of a home (e.g. a 1,000 sq ft home with a rent of $1,200 has a rent/sq ft of $12).
  • Median sale-to-list price ratio

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    Median sale-to-list price ratio
    Mid-point of the ratio between the sale price and the list price for all homes in Grand Rapids Metro (e.g. if a home with a list price of $200k sells for $250k, its ratio would be 5:4 or 1.25).
  • Listings with price cut (%)

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    Listings with price cut (%)
    The percentage of current listings on Zillow in Grand Rapids Metro whose price has been reduced in the last 30 days.
  • Median price cut (%)

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    Median price cut (%)
    Mid-point of the percentage of price reduction for homes in Grand Rapids Metro whose prices have been reduced in the past full month.
  • Sold for loss (%)

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    Sold for loss (%)
    The percentage of homes in Grand Rapids Metro that sold for less than the previous purchase price (e.g. a home purchased for $250k and then sold for $225k). This excludes foreclosure transactions.
  • Sold for gain (%)

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    Sold for gain (%)
    The percentage of homes sold for more than their previous purchase price (e.g. a home purchased for $225k and then sold for $250k).
  • Homes foreclosed

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    Homes foreclosed
    Number of homes in Grand Rapids Metro that have been foreclosed but not yet resold to a private party. Expressed as a ratio (foreclosed homes per 10,000 total homes). It does not include homes for which the foreclosure process has started but not yet finished.
  • Foreclosure re-sales (%)

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    Foreclosure re-sales (%)
    The percentage of home sales in a given month in Grand Rapids Metro where the home was foreclosed upon within the previous 12 months (e.g. sales of bank-owned homes after the bank repossessed a home during a foreclosure).
  • Increasing values (%)

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    Increasing values (%)
    The percentage of homes in Grand Rapids Metro whose values have increased in the past year.
  • Decreasing values (%)

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    Decreasing values (%)
    The percentage of all homes in Grand Rapids Metro whose value has fallen in the last year.
  • Sold in past year (%)

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    Sold in past year (%)
    The percentage of all homes in Grand Rapids Metro that were sold in the past 12 months.
  • $129,200
  • 8.6%Y-o-Y
  • Calculated 07/18/2014*
  • *Includes data and transactions through 06/30/2014
 
 
 
 
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This data is not available for Grand Rapids Metro.

RegionId
Region
M-o-M
Q-o-Q
Y-o-Y
Jun 2014
394640
1.1%
1.6%
8.6%
129200
399106
-0.1%
-0.8%
6.5%
154000
10322
-0.6%
-3.9%
3.0%
96400
10345
37438
29872
44395
0.5%
-1.0%
3.9%
192300
395992
0.8%
0.8%
11.5%
214800
397945
0.9%
1.1%
7.2%
246000
35023
1.3%
4.3%
6.5%
119700
30805
1.1%
0.7%
7.5%
133000
28302
-0.2%
-2.4%
15.0%
139100
51510
1.0%
1.5%
8.3%
122600
4287
1.0%
0.5%
8.0%
136600
48751
-0.5%
-1.6%
3.4%
126500
51741
2.4%
7.3%
12.7%
122100
24491
1.0%
-0.3%
5.5%
276200
31590
1.1%
1.5%
6.8%
278500
4816
-0.3%
-1.3%
-1.3%
119600
38615
1.1%
1.1%
18.0%
85100
397680
1.1%
1.2%
6.5%
178200
11671
1.4%
2.7%
9.4%
100300
398036
1.1%
0.3%
6.1%
208900
52291
1.7%
3.1%
8.2%
152600
18360
0.2%
-1.0%
17.6%
90700
397471
2.3%
4.4%
12.0%
88400
23003
43401
-1.0%
-6.2%
-2.3%
181300
18644
52641
3.3%
6.5%
10.2%
83300
52751
1.3%
1.8%
5.5%
127700
25383
1.0%
1.6%
6.9%
127400
35495
0.5%
0.1%
6.2%
106900
395464
0.5%
-1.1%
4.6%
167400
19145
0.9%
3.2%
9.5%
115800
19356
-0.3%
-1.3%
1.9%
146300
42619
33032
39998
1.8%
1.5%
16.4%
100100
168163
1.1%
1.6%
11.2%
136900
53748
0.9%
3.3%
-2.5%
110600
47079
0.0%
0.0%
6.4%
111800
397591
-0.2%
-1.9%
6.0%
172000
49767
0.8%
2.1%
5.5%
125000
54190
1.0%
0.1%
6.5%
194100
399285
-0.4%
-1.6%
4.4%
135400
6927
1.7%
2.3%
8.7%
119800
54318
0.2%
-0.2%
7.0%
129300
395988
2.3%
5.7%
12.8%
111600
22920
1.4%
1.9%
4.0%
96700
50009
1.0%
1.7%
9.6%
145400
42954
34898
1.6%
6.0%
13.4%
102100
14730
1.3%
2.4%
10.0%
96500
 
Zillow Home Value IndexY-o-Y
Grand Rapids Metro$129,2008.6%
Holland Metro$155,5005.4%
Big Rapids Metro$98,70011.4%
Allegan Metro$144,70014.3%
Muskegon Metro$85,4008.4%
Kalamazoo Metro$118,1002.3%
Mortgage Rates
 
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