🏡 Grand Rapids Real Estate Market Update – October 2025

If you’ve been wondering how the Grand Rapids housing market is holding up this fall, the latest numbers tell a clear story: the market remains steady, competitive, and healthy, with just a hint of cooling as inventory builds.

According to the latest data, here’s what we’re seeing across the Greater Grand Rapids area:

Key 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 enjoy strong demand and near full-price offers, even as inventory increases. The average sale price rose nearly 3% year-over-year, and homes are still selling at 98% of list price.

While homes are spending a few more days on the market compared to last fall, this shift signals a return to more balanced conditions, not a downturn. Well-presented, move-in-ready homes are still selling quickly — especially in popular areas like Ada, Cascade, East Grand Rapids, Byron Center, and Rockford.

If you’ve been waiting for the “right time” to list, late fall and winter can still be strategic windows. With fewer new listings hitting the market and motivated buyers still active, your home can stand out when staged and priced correctly.

What This Means for Buyers

Buyers are finally getting a little breathing room. More listings (up 14%) and slightly longer days on market (now around 30 days) mean more opportunities to compare options and negotiate.

However, with only 1.8 months of inventory — far below a balanced market’s 5–6 months — competition remains. Buyers who are pre-approved, flexible, and decisive are still the ones winning the best homes.

If you’ve been sidelined by higher mortgage rates, remember: you marry the home, not the rate. Many buyers are taking advantage of today’s increased selection, knowing they can refinance later when rates ease.

The Big Picture

The Grand Rapids housing market continues to show remarkable resilience. With prices holding steady, inventory rising gradually, and buyer demand remaining strong, we’re moving toward a more sustainable and balanced market heading into the winter season.

For both buyers and sellers, understanding these shifts — and working with a local team that tracks the data — makes all the difference.

Thinking About Making a Move?

At Perigon Realty Group, we help clients navigate the market with confidence — whether you’re buying your first home, investing, or selling to maximize equity.

Let’s talk about your goals and put a data-driven strategy together for your next move in West Michigan.

📞 Contact us today or start your home search at ViewHomesInGrandRapids.com

Frequently Asked Questions

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

Is now a good time to sell my home in Grand Rapids?Yes. With near-record prices and still-limited inventory, well-prepared listings are performing very well.

Are there more homes to choose from now?Yes — inventory is up nearly 14% year-over-year, giving buyers a bit more choice while competition stays healthy.

What’s driving demand in West Michigan?A growing job market, strong schools, and high quality of life continue to make the Grand Rapids area one of the Midwest’s most desirable regions to live.