SINGLE-FAMILY HOUSING
Single-Family Home Sales
Single-family home sales reached 2,279 in Q1 2026, a decline of 5% compared to the 2,411 units sold in the first quarter the previous year. Despite continued higher interest rates and inflation, home sales rose 6% from 12,579 in 2024 to 13,356 in 2026.
Source: Greater Regional Alliance of Realtors (GRAR)
Average Days on Market
48 DAYS
The average time a home spends on the market has drifted upward in recent years. In 2024, homes remained on the market 29 days on average. By 2025, that number grew to 33 days. For the first quarter of 2026, homes spent an average of 48 days on the market compared to 44 days in Q1 2025.
Trendline
Source: Greater Regional Alliance of Realtors (GRAR)
Median Listing Price
$402,117
Home listing prices in Greater Grand Rapids continue their long-term trend upward, rising 5.4% year-over-year to $402,117 in Q1 2026 from $381,408. Although, median prices were essentially flat between 2024 ($397,808) and 2025 ($398,173), they have nearly reached parity with the U.S. median for the first time since Q1 2024.
13
Source: Realtor.com
Made with FlippingBook - Share PDF online