Greater Grand Rapids Housing Market Update – June 2026

The latest housing numbers are in for the Greater Grand Rapids real estate market, and while home prices continue to edge upward, inventory remains incredibly tight. Buyers are still competing for well-priced homes, and sellers continue to benefit from a market that strongly favors them.

Here's what happened in June 2026.

June 2026 Market Statistics

• Median Sale Price: $379,900 (up 0.7% from $377,250 in June 2025)

• Homes Currently For Sale: 716 (down 41.6% year-over-year)

• Average Days on Market: 16 days (unchanged from last year)

• Months of Inventory: 1.1 months (down from 1.8 months last year)

Home Prices Continue to Hold Strong

The median sale price reached $379,900, representing a modest 0.7% increase compared to June of last year.

While price appreciation has slowed compared to the rapid gains seen over the past few years, values remain remarkably stable. Demand continues to outpace supply throughout the Greater Grand Rapids area, helping support home prices despite higher mortgage rates.

For homeowners, this means equity remains strong and well-maintained properties continue to command excellent prices.

Inventory Remains Extremely Low

Perhaps the biggest story continues to be inventory.

There were only 716 homes available for sale across the Greater Grand Rapids market in June—over 41% fewer homes than were available one year ago.

The market is currently sitting at just 1.1 months of inventory. For perspective, a balanced real estate market typically has 4 to 6 months of inventory, meaning today's market still heavily favors sellers.

Limited inventory continues to create competition, particularly for updated homes in desirable neighborhoods and homes priced appropriately.

Homes Are Still Selling Quickly

The average home spent just 16 days on the market, matching last year's pace.

Well-prepared homes continue to receive significant attention shortly after hitting the market. While buyers have become a bit more selective than during the peak frenzy of 2021–2022, attractive listings are still moving quickly.

Pricing correctly from day one remains one of the most important factors for sellers looking to maximize their results.

How Does June Compare to Previous Months?

One of the interesting trends this year is just how consistent the Greater Grand Rapids market has remained.

Month	Median/Average Price	Homes For Sale	Months Inventory	Avg. Days on Market
March 2026	~$386,000 (avg.)	422	1.3	44
April 2026	$390,000 (median)	499	1.2	26
May 2026	$380,000 (median)	670	1.2	16
June 2026	$379,900 (median)	716	1.1	16

Key Trends

Inventory is gradually improving...

Compared to early spring, there are more homes available today than there were in March, April, and May. While that's welcome news for buyers, inventory remains well below what's considered a balanced market.

Homes are selling faster

Average days on market have steadily improved throughout the spring, dropping from 44 days in March to 16 days in both May and June. This tells us buyers are acting quickly when the right home becomes available.

Home prices remain remarkably stable

After peaking near $390,000 this spring, home prices have remained very consistent around the $380,000 mark. Rather than declining, the market appears to be settling into a healthier, more sustainable pace of appreciation.

What This Means for Sellers

If you've been considering selling your home, market conditions continue to work in your favor.

• Inventory remains historically low.

• Buyers are actively searching.

• Well-priced homes continue to sell quickly.

• Home values remain near record highs.

While buyers have become more informed and selective, homes that are professionally marketed, properly prepared, and accurately priced are continuing to perform exceptionally well.

What This Means for Buyers

Although competition hasn't disappeared, buyers are beginning to see a few more choices than they did earlier this spring.

The key remains being prepared before the right home becomes available:

• Obtain mortgage pre-approval.

• Understand current market values.

• Be ready to act quickly on desirable properties.

• Work with an experienced local Realtor who understands neighborhood trends.

The market still favors sellers, but buyers who are well prepared continue to find success.

Looking Ahead

As we move deeper into summer, the Greater Grand Rapids housing market continues to show stability.

Inventory has improved slightly compared to the beginning of the year, but demand remains strong enough to keep the market competitive. Unless we see a significant increase in available homes, sellers should continue to benefit from favorable conditions while buyers can expect competition for well-priced listings.

Overall, June reinforces what we've seen throughout much of 2026—a healthy, resilient market with steady home values, quick sales, and limited inventory.

Thinking About Buying or Selling?

Whether you're wondering what your home is worth or you're planning your next move, the Perigon Realty Group is here to help. We provide local market expertise, personalized guidance, and a strategy tailored to your goals.

Contact Perigon Realty Group today for a complimentary home value consultation or to start your home search in Greater Grand Rapids.