Grand Rapids Real Estate Market Report August 2025

 

Here is the most recent Grand Rapids Real Estate Market Report August 2025. You will find the current market information for August 2025 as reported by the Grand Rapids Board of Realtors.

Market reports are a useful tool when researching specific areas of town, particularly when selling a home. You can learn about pricing trends, how many days homes last on the market, median prices, sale to list price ratios and more. We also provide a snapshot of homes sold in your market.

Days on Market August 2025

You can have these market reports sent to your inbox each month for specific areas of town. Follow the link below to the main report page and select the drop down to find your market. If you don’t see your market, we can create it for you. We cover the entire Southwest Michigan area including the Lakeshore.

In this latest market report for August 2025, as we enter the Fall Market, we are seeing a slight slow down as there is still a lack of inventory. There would be many more homes sold if they were more available homes and condos on the market. The Sales to Listing price ratio is 100.8%. In many markets, there are still multiple offer scenarios.

Homes and condos are very much in demand and selling close to full price in many markets, primarily because of the lack of inventory. The median price of active listings is $300,000 while the median price of sold property is $164,500.

Sale to List Price

LISTING INVENTORY IS STILL DOWN! We have active, qualified buyers in many markets, including the downtown condo market, that are just waiting for listings. If you are thinking of selling your home or condo, now is a GREAT time to put it on the market. Please give me a call or fill out the form below and tell us about your home!

There are currently 485 active listings (241 new listings in August) in the market area this report covers, with 266 properties selling. If you are looking for a home or condo, let us help you get notified right away of any new listings.

The average days on the market for March is 34 days.

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