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RESIDENTIAL HOUSING
MEDIAN LISTING PRICE BY QUARTER
The median listing price for housing in Greater Grand Rapids increased nearly 4% to $411,700 in Q3 2025 from $396,508 in Q3 2024. This reflects persistent increases in housing costs at regional, state, and national levels. Median housing costs increased 47% from $279,858 Q3 2019 to Q3 2025. National median listing prices were $20,000 higher than those in Greater Grand Rapids in Q3 2025. New housing continues to sprout up across the region. In the first half of 2025, nearly 1,900 new building permits were issued in Greater Grand Rapids, compared to approximately 2,000 building permits in the first half of 2024. Annual building permits increased nearly 10% to 3,900 in 2024 compared to nearly 3,600 in 2023.
United States
Michigan
Greater Grand Rapids
$500,000
$450,000
$400,000
$350,000
$300,000
$250,000
$200,000
$150,000
2019
2020
2021
2022
2023
2024 2025
Source: Realtor.com
NEW PRIVATE HOUSING BUILDING PERMITS BY QUARTER
1,200
1,000
800
600
400
200
0
2019
2020
2021
2022
2023
2024
2025
Source: U.S. Census Bureau
The Right Place, Inc. | State of the Region 2025
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