Kent County has enough housing to sustain just over a month of market activity, should sales continue at pace and nothing new comes onto the market. The housing inventory in Grand Rapids is at similar levels.
The Greater Regional Alliance of REALTORS reported 814 residential home sales during the month of June, a 10.6% increase from June 2025. Year-to-date, 3,465 residential homes were sold in Kent County, and 124 multi-family units were sold.
In Grand Rapids, the median home sold for $306,000, a 3.5% decline from 2025, and the average home sold for $340,785, a 1.5% increase.
Grand Rapids homes spent two weeks on the market before closing on a sale in June, compared to 11 days in 2025.
In Kent County, the average home cost was $442,710 in June, a 2.4% increase from June 2025. Year-to-date, the average home cost rose 4.1%, growing from $392,892 in 2025 to $401,820.
Grand Rapids had 233 new homes listed for sale in June, an 11.5% increase from 2025. There were 203 closed sales in the city during that same time.
Nearly 1,000 new home listings came on the market in Kent County in June, and year-to-date 4,607 residential homes have been listed for sale. Currently, 979 residential homes are on the market, per GRAR data, and 63 multi-family units are listed for sale. Additionally, 192 parcels of vacant land are on the market.
Housing stock remains depressed in the county, at 1.1 months of inventory, although this is an improvement over low points in 2021, when there was just 0.6 months of supply. The inventory has been below two months since 2015.
When housing inventory is below four months, sellers are considered to have the advantage. When supply is between one to two months, housing costs can increase by double-digit percentage points.
The median sales price of a single family home is about $350,000 in the greater Grand Rapids area and roughly $300,000 in the city of Grand Rapids. That price has more than doubled in the last 10 years. The median price of a single family home was about $150,000 in greater Grand Rapids at the start of 2016 and around $110,000 in Grand Rapids proper in that same time.
Under 9% of home sales closed in June were sold between $200,000 and $249,999. Just shy of 240 homes, 29.4% of homes sold in June, cost between $300,000 and $399,999.
Thirty-six homes sold for more than a million dollars during the month of June in Kent County, 4.4% of home sales.
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