Grand Rapids, MI Metro
Single-family vs. condo trends, market pressure signals, and 5-year price history at the metro grain. Source: Redfin.
Median Sale Price
$357,500
+33.5% YoY
Active Inventory
1,122
Days on Market
18 days
Price Drops
30.2%
Single-Family vs. Condo
Source: Redfin (property-type breakdown)Single-Family Median
$368,000
+5.8% YoY
Condo / Co-op Median
$342,375
+3.8% YoY
SFR vs. Condo YoY Gap
+2.0%
SFR outperforming condos
DOM: SFR vs. Condo
17d / 22d
SFR / Condo
Market Pressure Signals
Derived from Redfin trendInventory vs. Long-Term Avg
-20.6%
deficit — seller leverage
DOM vs. 24-Mo Avg
+13.1%
currently 18 days
Long-Term Avg Inventory
1,414
Long-Term Avg DOM
16 days
Mortgage & Price Stress
State HPI + national delinquencyState HPI YoY
+5.6%
positive — appreciating
State HPI vs. Peak
0.0%
at or near peak peak 2025-10-01
National Mortgage Delinquency
1.78%
benchmark — 2025-10-01 metro-grain delinquency requires paid data
State-grain HPI YoY + drawdown from peak is the cleanest free price-stress proxy. The national delinquency rate gives the macro mortgage-stress backdrop. True metro-level mortgage delinquency lives in paid datasets (MBA NDS, CoreLogic LP).
Value / Rent Ratio
Median price ÷ annual ZORI rent (state ZORI mean (metro rent unavailable from public sources))Value / Rent
22.6×
renting favored
Below ~15× annual rent is the historical buy-friendly band. Above ~20× the market typically favors renting and reinvesting elsewhere.
Trends
Up to 5 years of monthly dataMedian Sale Price
Trailing 12 months
Active Inventory
Trailing 12 months
Days on Market
Trailing 12 months
Looking for state-level data? See Michigan statewide stats →
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