Grand Rapids, MI metro area Housing Market Brief
metro · MI · as of August 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.
Where is Grand Rapids, MI metro area in its market cycle?
Grand Rapids, MI metro area is classified as Mature — holding near a healthy peak. This is a classification of recent (1–12 month) momentum, not a price forecast.
What’s the forecast for Grand Rapids, MI metro area?
Our model forecasts Grand Rapids, MI metro area’s home prices to rise about 2.7% over the next 12 months (high confidence).
This is a separate, forward-looking view — not the cycle classification above. See how past forecasts performed on the track record, or the full local forecast with its confidence range on the market page.
Grand Rapids, MI metro area housing market data
| Metric | Value | YoY |
|---|---|---|
| Median Sale Price | $374K | ▲ +4.9% |
| Median Days on Market | 37 days | ▼ -5.1% |
| Months of Supply | 1.9 | ▲ +26.7% |
| Homes for Sale | 1,889 | ▲ +9.2% |
| Homes Sold | 979 | ▼ -14.9% |
| Median Price / Sq Ft | $216 | ▲ +7.1% |
How has Grand Rapids, MI metro area’s Alpha Score moved?
Markets like Grand Rapids, MI metro area
- Tallahassee, FL metro area, FLmetro42
- Rochester, MN metro area, MNmetro42
- Dover, DE metro area, DEmetro49
- Louisville, KY metro area, KYmetro43
- Yuma, AZ metro area, AZmetro44
- Clarksville, TN metro area, TNmetro43
- Minneapolis, MN metro area, MNmetro48
- Birmingham, AL metro area, ALmetro41
- Richmond, VA metro area, VAmetro47
- Tuscaloosa, AL metro area, ALmetro44
Frequently asked questions
Is Grand Rapids, MI metro area a buyer's or seller's market?
As of August 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, inventory, 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 $374K, having risen 4.9% over the past year.
How affordable is Grand Rapids, MI metro area?
Grand Rapids, MI metro area scores 46 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 (63/100) 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.