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.
  • $123,800
  • 7.2%Y-o-Y
  • Calculated 03/17/2014*
  • *Includes data and transactions through 02/28/2014
 
 
 
 
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This data is not available for Grand Rapids Metro.

RegionId
Region
M-o-M
Q-o-Q
Y-o-Y
Feb 2014
394640
0.2%
1.1%
7.2%
123800
399106
0.1%
1.3%
6.1%
151000
10322
-0.8%
-2.2%
10.8%
95100
10345
37438
29872
44395
-0.1%
1.2%
4.2%
190300
395992
0.3%
2.0%
9.2%
205700
397945
0.2%
1.0%
9.3%
236700
35023
-0.5%
-1.5%
3.3%
114300
30805
0.1%
0.9%
7.2%
128600
28302
-0.1%
0.1%
21.1%
134800
51510
-0.1%
0.5%
7.0%
117200
4287
0.3%
1.1%
6.2%
132100
48751
-0.2%
-0.2%
5.2%
125000
51741
-0.1%
0.6%
4.3%
110000
24491
-0.1%
0.4%
6.6%
270200
31590
-0.3%
-0.7%
5.2%
266400
4816
-1.7%
-5.1%
7.5%
118500
38615
397680
0.1%
0.5%
3.6%
170900
11671
0.1%
1.1%
7.3%
94600
398036
0.1%
0.5%
6.7%
201900
52291
0.1%
0.9%
3.7%
143400
18360
2.1%
8.4%
41.7%
98900
397471
0.1%
0.1%
6.2%
81600
23003
43401
0.3%
-1.0%
12.6%
188800
18644
52641
-0.8%
-3.7%
-0.1%
73900
52751
-0.2%
-1.1%
3.1%
122100
25383
0.0%
0.3%
4.7%
121600
35495
-0.8%
-3.0%
3.4%
100800
395464
0.2%
0.6%
4.2%
164200
19145
-1.1%
-4.1%
8.4%
106400
19356
-0.4%
-0.9%
5.0%
143200
42619
33032
-0.3%
-0.4%
8.6%
76000
39998
168163
0.1%
1.1%
9.4%
130600
53748
47079
-1.9%
-4.3%
9.4%
106000
397591
0.2%
1.2%
7.0%
170300
49767
-1.4%
-3.2%
0.1%
115400
54190
0.4%
1.6%
6.8%
188600
399285
-0.1%
0.2%
7.1%
133400
6927
0.5%
3.5%
4.8%
114500
54318
-1.0%
-1.7%
7.3%
122800
395988
22920
-0.1%
-0.4%
2.3%
92200
50009
0.1%
1.2%
9.1%
138500
42954
34898
0.1%
-0.3%
11.5%
92900
14730
0.0%
0.8%
8.3%
91600
 
Zillow Home Value IndexY-o-Y
Grand Rapids Metro$123,8007.2%
Holland Metro$151,9006.0%
Big Rapids Metro$87,900-1.9%
Allegan Metro$134,70010.9%
Muskegon Metro$82,5005.5%
Mount Pleasant Metro$118,30018.3%
Mortgage Rates