SINGLE-FAMILY HOUSING
Single-Family Home Sales
Despite higher interest rates and inflation, more single-family homes were sold in 2025 than the previous year. In 2024, 12,579 units were sold, a figure which increased 6% to 13,356 units in 2025. Sales reached 2,279 units in Q1 2026, a 5% decline compared to the 2,411 units sold in the first quarter the previous year.
COVID-19 Q1 2020 - Q3 2023
Q1 26
2021
2022
2023
2024 2025
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.
COVID-19 Q1 2020 - Q3 2023
Trendline
Q1 26
2021
2022
2023
2024
2025
Source: Greater Regional Alliance of Realtors (GRAR)
Median Listing Price
$402,117
Home listing prices across the region have trended upward since 2021. Prices increased 5.4% from $381,408 in Q1 2025 to $402,117 in Q1 2026. On average, median home prices increased from $397,808 in 2024 to $398,173 in 2025 in Greater Grand Rapids. For the first time since Q1 2024, median home prices nearly achieved parity between Greater Grand Rapids and the U.S.
COVID-19 Q1 2020 - Q3 2023
Q1 26
2021
2022 2023 2024 2025
Source: Realtor.com
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