The Grand Rapids real estate market continues to show strength this summer, with steady appreciation and fast-moving sales creating a competitive environment for buyers and sellers alike. Let’s take a closer look at the latest numbers from July 2025.
Home Prices Continue to Rise
The median sales price in July reached $325,000, a 3% increase compared to July of last year. This steady upward trend highlights the ongoing strength of the market and shows that home values continue to appreciate.
Homes Are Selling Fast
In July, 244 homes sold, up from 201 homes in the same month last year. Demand is strong, and homes aren’t sitting on the market for long. On average, properties are going under contract in just seven days, a clear sign of intense competition among buyers.
Nearly Half of Homes Sell Above Asking Price
Competition is heating up, with 45% of homes selling above list price in July. This means almost half of all buyers are entering bidding wars, driving prices higher and making it more important than ever for buyers to be prepared.
A Seller’s Market with Limited Inventory
Low inventory continues to define the Grand Rapids market. With fewer homes available and high buyer demand, sellers are at an advantage. Buyers, on the other hand, face quick turnarounds and strong competition, making strategic planning a must.
What This Means for Buyers and Sellers
- For buyers: The key to success is preparation. Having a pre-approval letter, working with a knowledgeable agent, and moving quickly when the right home hits the market can make the difference in securing your dream property.
- For sellers: This is an excellent time to list. With homes selling quickly and many going above asking price, sellers can take advantage of strong demand to maximize their return.
The Bottom Line
The Grand Rapids housing market in July 2025 is competitive, fast-paced, and continues to favor sellers. Whether you’re planning to buy or sell, having the right guidance is essential.
At the Lucas Howard Group, we help our clients navigate this market with the strategies and timing needed to succeed. If you’re ready to make your move—or simply want to understand what these numbers mean for your goals—our team is here to help.
Give us a call today to get started.