Grand Rapids Monthly Market Update: What the Latest Numbers Mean for Buyers & Sellers (Nov 2025)

The latest Greater Grand Rapids market data is in, and whether you're thinking about buying, selling, or investing, this month’s numbers offer a clear picture of where things are heading. Below is a breakdown of the November 2025 stats and what they mean for you in today’s local real estate landscape.

Average Sale Price Continues to Rise

The average sale price climbed to $384,000, a 2.9% increase from last November.This steady appreciation reflects the ongoing demand for homes across the metro area—even as interest rates, inventory, and seasonality shift.

For sellers, this means your equity continues to grow.For buyers, it’s a reminder that waiting rarely makes homes cheaper.

More Homes Are Coming on the Market

Inventory rose year-over-year, with 1,420 homes for sale, up 11.2% from 2024.

This is one of the more significant increases we’ve seen locally and brings some welcome breathing room for buyers who spent the last few years battling low inventory and fierce competition.

That said, we’re still not in a “high inventory” environment—just a healthier one.

Homes Are Still Selling Close to List Price

The list-to-sale price ratio remains steady at 97%, unchanged from last year.

Sellers are still achieving strong prices, and buyers are gaining more negotiating room compared to the hyper-competitive markets of 2021–2022.

Days on Market Are Slowing Slightly

Average days on market rose from 30 to 33 days, a 10% increase.This is a natural sign of market normalization—not a downturn.

Homes that are priced correctly and well-prepared are still moving quickly, especially in popular areas like East Grand Rapids, Ada, Cascade, Rockford, and Hudsonville.

Months of Inventory Is Growing

Current months of inventory increased from 1.6 to 2.1 months, a 30.9% jump year-over-year.

We’re still in a seller-favored environment (a balanced market is closer to 5–6 months), but the trend is shifting toward more balance. Buyers have more choices, and sellers need to be strategic and market-savvy.

What This Means for Buyers

• More homes to choose from = less pressure and fewer bidding wars

• Prices are still rising, so acting sooner can help you build equity faster

• Days on market increasing may create negotiation opportunities

• Still a strong market overall—Grand Rapids remains a high-demand area

What This Means for Sellers

• Values remain high and stable

• You’ll need strong pricing and marketing to capture top-dollar in a market with more competition

• With buyers having more options, exceptional presentation (photos, staging, digital marketing) matters more than ever

• Well-priced, move-in-ready homes are still selling quickly and close to list price

Bottom Line

The Grand Rapids market is moving toward balance, but demand continues to push values upward. If you're planning a move in 2025–2026, having a strategy tailored to this shifting landscape is essential.

If you'd like a personalized market report for your neighborhood—or want to discuss timing, pricing, or buying options— We’d be happy to put one together for you.

Just let us know!