Grand Rapids Ranks Again As One The Country’s Hottest Housing Markets
Grand Rapids was named one of the top 100 best places to live in 2020 according to the Grand Rapids Business Journal and livability.com. In 2021, it ranked as one of the top 100 hottest housing markets in the country. By 2022, Grand Rapids is forecasted to keep pace.
Realtor.com released their annual Hottest Housing Market guide and Grand Rapids-Wyoming places at number 26 out of 100. On average, homes in Grand Rapids sell after 6 days on the market compared to 7 days last year.
There were 404 homes sold in November this year, up from 403 last year, reported by Redfin.com. Grand Rapids metro consists of 28 neighborhoods. There are 745 homes for sale, ranging from $12.9K to $4M.
The median listing home price in Grand Rapids was $229.9K in November 2021, trending up 15% year-over-year. The median listing home price per square foot was $140.
Downtown Grand Rapids has a median listing home price of $399.5K, making it the most expensive neighborhood. The Madison Area is the most affordable neighborhood, with a median listing home price of $179.5K.
Why Do People Want To Live In Grand Rapids?
Grand Rapids hosts 111 public schools rated good and higher by GreatSchools. You can also find 44 private and charter schools.
You'll find dozens of grocery stores, and hundreds of cafes and restaurants in Grand Rapids which also offers other points of interest, such as parks and gyms.
Is Grand Rapids The Only Michigan City On The List?
Yes and no. Grand Rapids is the only Michigan city that made the "hottest housing market" list, however, Kalamazoo made a list. Kalamazoo placed at #7 for America's Most Affordable Trendy Cities for 2022.
Realtor.com calls Kalamazoo a college town, home to Kalamazoo College and Western Michigan University. They say it's a gay-friendly haven that presents annual Outfront Awards to local people and businesses that have made strides for lesbian, gay, bisexual, transgender, and queer equality in the community. House hunters can find homes in great locations for under $200,000.