Here’s a look at the Grand Rapids Real Estate Market for May 2018. According to a report released by the Grand Rapids Association of REALTORS® (GRAR), Grand Rapids continues to favor sellers in today’s real estate market. Currently, sellers are receiving 99 percent of their listing price.
April ended with a total of 953 properties sold. That is a 4.7 percent increase from the number sold in March. The average sale price of homes in the Grand Rapids area was $354,000 in April. That’s a decrease of 1.4 percent from the $359,000 of last month. It’s worth noting that the median sold price showed an increase for April at the rate of 2.7 percent, with this month coming in at $190,000 compared to the $185,000 last month.