🏡 Grand Rapids Real Estate Market Update – October 2025

Perigon Realty Group | Market Insights | 3 min read

If you’ve been wondering how the Grand Rapids housing market is holding up this fall, the latest numbers tell a consistent story: steady prices, strong demand, and a touch more balance as inventory builds.

According to the latest TrendGraphix data, here’s what’s happening across the Greater Grand Rapids area right now.

📈 October 2025 - Market Highlights

Metric	October 2025	October 2024	Change (YoY)
Average Sale Price	$389,000	$378,000	+2.9%
Homes for Sale	1,540	1,354	+13.7%
List-to-Sale Price Ratio	98%	97%	+1%
Average Days on Market	30 Days	26 Days	+15.4%
Months of Inventory	1.8 Months	1.5 Months	+19.7%

What This Means for Sellers

Sellers continue to benefit from strong buyer demand and near full-price offers, even as more listings enter the market. The average sale price climbed almost 3% year-over-year, and homes are still selling at 98% of list price.

While the average time on market ticked up slightly, this signals a healthy rebalancing — not a slowdown. Well-maintained, move-in-ready homes in sought-after areas like Ada, Cascade, East Grand Rapids, Byron Center, and Rockford remain top performers.

If you’ve been thinking about selling, don’t wait until spring. Late fall and winter often bring motivated buyers and less competition, giving your home a chance to truly stand out when priced and presented strategically.

What This Means for Buyers

Buyers are finally getting a bit more breathing room. With inventory up 14% and homes staying on the market for about 30 days, there’s more time to compare options and negotiate.

Still, competition remains tight with only 1.8 months of supply — far below the 5–6 months typical of a balanced market. Buyers who are pre-approved, flexible, and ready to act continue to secure the best homes.

And remember: you marry the home, not the rate. Many smart buyers are locking in homes they love now, with plans to refinance when mortgage rates ease.

The Big Picture

The Grand Rapids market remains one of the Midwest’s most resilient. Prices are stable, inventory is growing at a healthy pace, and both buyers and sellers have new opportunities heading into winter.

As balance returns, local expertise matters more than ever. Working with a data-driven team like Perigon Realty Group ensures you make informed decisions backed by real market insight.

Thinking About Making a Move?

At Perigon Realty Group, we help clients navigate West Michigan’s housing market with confidence — whether you’re buying, selling, or investing.

Let’s put a personalized, data-backed strategy together to help you achieve your real estate goals.

Frequently Asked Questions

1️⃣ Is the Grand Rapids housing market slowing down?Not exactly — it’s rebalancing. Homes are taking a little longer to sell, but demand and prices remain strong.

2️⃣ Is now a good time to sell my home in Grand Rapids?Yes. Prices are near record highs, and well-prepared listings continue to attract serious buyers.

3️⃣ Are there more homes to choose from now?Yes. Inventory is up nearly 14% year-over-year, giving buyers a bit more flexibility and choice.

4️⃣ What’s driving demand in West Michigan?A thriving job market, top-rated schools, and a high quality of life continue to make Grand Rapids one of the Midwest’s most desirable places to live.