Grand Rapids, MI metro area Housing Market Brief
metro · MI · score computed October 2026
What is Grand Rapids, MI metro area’s Alpha Score?
The Alpha Score is a composite 0–100 index of market strength, a weighted blend of five dimensions. See the methodology.
Population band 5 of 5 (population 278,335–19,798,537) · comparable within its band
Where is Grand Rapids, MI metro area in its market cycle?
Grand Rapids, MI metro area is classified as Declining — cooling, with scores declining over recent months. This is a classification of recent (1–12 month) momentum, not a price forecast.
What’s the forecast for Grand Rapids, MI metro area?
Metro-level forecasts are paused (since Oct 18, 2026). The new public-data model we built to replace them didn't pass our accuracy test, and we won't publish forecasts again until a model does.
Grand Rapids, MI metro area housing market data
| Metric | Value | YoY | Source |
|---|---|---|---|
| Median Sale Price | $364K | ▲ +2.6% | Redfin |
| Median Days on Market | 16 days | ▲ +6.7% | Redfin |
| Months of Supply | 2.1 | ▲ +31.3% | Redfin |
| Homes for Sale | 1,942 | ▲ +14.2% | Redfin |
| Homes Sold | 980 | ▼ -10.4% | Redfin |
| Median Price / Sq Ft | $195 | ▼ -6.8% | Redfin |
How has Grand Rapids, MI metro area’s Alpha Score moved?
Markets like Grand Rapids, MI metro area
- Holland, MI metro area, MImetro43
- Wilmington, DE metro area, DEmetro47
- Ames, IA metro area, IAmetro46
- Warren, MI metro area, MImetro43
- Roanoke, VA metro area, VAmetro42
- Chicago, IL metro area, ILmetro46
- St. Cloud, MN metro area, MNmetro42
- California, MD metro area, MDmetro
- Augusta, ME metro area, MEmetro45
- Elgin, IL metro area, ILmetro56
Frequently asked questions
Is Grand Rapids, MI metro area a buyer's or seller's market?
In the scores computed October 2026, Grand Rapids, MI metro area is classified as a Balanced Market, based on its Alpha Score of 44 out of 100. The classification reflects current price, building, affordability, economic, and rental-yield conditions.
Are home prices rising or falling in Grand Rapids, MI metro area?
The median sale price in Grand Rapids, MI metro area is $364K, having risen 2.6% over the past year, according to Redfin.
How affordable is Grand Rapids, MI metro area?
Grand Rapids, MI metro area scores 41 out of 100 on affordability — moderately affordable relative to local incomes and prevailing mortgage rates compared with other metros.
What's driving Grand Rapids, MI metro area's Alpha Score?
Grand Rapids, MI metro area's strongest dimension is Price Momentum (69/100) and its weakest is Economic Strength (30/100). The Alpha Score is a weighted blend of all five dimensions.
Want the live, interactive view of Grand Rapids, MI metro area? Open the full market dashboard — charts, ZIP-level drill-down, and watchlist tracking. Explore the map or read the methodology.