Grand Rapids Housing Market Update: September 2026

The Greater Grand Rapids housing market continued its gradual shift toward a more balanced market in September. Home prices remain strong compared with last year, but buyers have considerably more options, and homes are taking a little longer to sell than they were just a month ago.

According to September 2026 market statistics, the median sale price reached $396,714, up 3.7% from $382,474 in September 2025. At the same time, the number of homes available for sale increased to 1,029 — nearly 80% higher than a year ago.

So, what does this mean if you're thinking about buying or selling a home in Grand Rapids? Let's take a closer look.

Grand Rapids Housing Market at a Glance

Market Statistic	September 2026	August 2026	September 2025
Median Sale Price	$396,714	$398,460	$382,474
Homes Currently for Sale	1,029	1,003	574
Average Days on Market	12 days	6 days	11 days
Months of Inventory	1.9	—	1.0

September figures are based on the Greater Grand Rapids market statistics shown above; August figures are from our previous market report. Perigon Realty Group

Home Prices Remain Strong

The median sale price in September was $396,714, a 3.7% increase year over year. Compared with August's $398,460 median, prices were down only about 0.4% month over month.

That tells us that despite the significant increase in available inventory, home values have remained relatively resilient. We're not seeing a major decline in pricing — instead, we're seeing the pace of price growth moderate as buyers have more choices.

For homeowners, that's an important distinction. More inventory doesn't necessarily mean home values are falling.

Buyers Have Significantly More Choices

This continues to be the biggest change in the Grand Rapids housing market.

There were 1,029 homes currently for sale in September, compared with just 574 at the same time last year — an increase of 79.3%.

Inventory also increased slightly from August, when 1,003 homes were available.

For buyers, this is welcome news. There are more homes to consider, and in some situations buyers may have more negotiating power than they did over the past few years.

For sellers, however, more competition means pricing and presentation matter more. Buyers can afford to be more selective when there are several comparable homes available.

Homes Took Longer to Sell in September

One of the more noticeable month-to-month changes was days on market.

The average increased from 6 days in August to 12 days in September. Compared with September 2025, however, the change was much smaller — from 11 days to 12 days.

Even at 12 days, desirable homes that are priced appropriately are still moving quickly. But we're increasingly seeing a difference between homes that are positioned correctly from the beginning and those that enter the market priced too aggressively.

Broader Grand Rapids-Wyoming listing data shows a similar direction, with September listings taking longer to move than they did in August.

Is Grand Rapids Still a Seller's Market?

Yes — but it's becoming a much more balanced seller's market.

At 1.9 months of inventory, Greater Grand Rapids remains well below what would traditionally be considered a balanced market. However, that's nearly double the 1.0 month of inventory recorded in September 2025.

That shift is important.

Sellers can still achieve excellent results, particularly with homes that are well maintained, presented properly and priced appropriately. But simply putting a home on the market and expecting multiple offers is no longer a strategy that works for every property.

Buyers, meanwhile, have more opportunities to compare homes, negotiate and potentially include terms that would have been much harder to get in a more competitive market.

What This Means for Grand Rapids Buyers and Sellers

For buyers: This is one of the better environments we've seen in several years in terms of selection. Prices haven't dropped significantly, but the increase in inventory means you may have more time to evaluate a property and more leverage on certain homes.

For sellers: Demand is still there, but buyers have alternatives. Pricing correctly from the beginning, preparing the home well and having a strong marketing strategy are becoming increasingly important.

The biggest takeaway from September is that the Grand Rapids housing market isn't necessarily getting weaker — it's becoming more balanced.

Home values remain above last year's levels, while inventory has increased substantially. That's creating a market with opportunities on both sides of the transaction.

If you're considering buying or selling a home in Grand Rapids, Ada, Cascade, Forest Hills, East Grand Rapids or the surrounding West Michigan communities, our team at Perigon Realty Group would be happy to help you understand what these numbers mean for your specific situation.

Thinking about selling? We can provide a detailed market analysis and help you determine where your home would likely sell in today's market.

Thinking about buying? We can help you identify opportunities and navigate a market where buyers finally have a little more room to negotiate.