The Grand Rapids housing market is a hot one right now! Home prices are on the rise, and homes are selling quickly. If you're thinking of buying a home in Grand Rapids, be prepared for some competition.

In April 2024, the median sale price of a home in Grand Rapids was $300,000. That's 12.4% higher than it was last year. Homes are also selling quickly, typically after just six days on the market.

With so many buyers competing for a limited number of homes, it's no surprise that there's a lot of competition. Many homes are receiving multiple offers, and some are even selling for above the asking price.

Is it a good time to buy a home in Grand Rapids?

If you're looking for a great place to live, Grand Rapids is a great option. The city has a lot to offer, from a strong economy to a vibrant arts scene. However, the housing market is very competitive right now. So if you're thinking of buying a home, be prepared to move quickly and make a competitive offer.

Here are some tips for buying a home in a competitive market:

• Get pre-approved for a mortgage. This will show sellers that you're a serious buyer and help you move quickly when you find a home you love.
• Be prepared to make an offer over the asking price. In a competitive market, this may be necessary to win the bidding war.
• Work with a 616 REALTY agent who has experience in the Grand Rapids market. They can help you find homes that meet your needs and negotiate the best possible price.
• Keep up with new listings to see what the market has to offer.

Overall, the Grand Rapids housing market is very competitive. But if you're prepared to move quickly and make a competitive offer, you can still find your dream home in this great city.