Grand Rapids, MN
Monthly housing intelligence, market trends, and trusted local expertise.
As of the latest 2026 data
Median Listing
Pending Ratio
Active Inventory
Median DOM
Primary Intelligence Tool — Sold Score™
Will your home sell in today's very weak Grand Rapids market?
Sold Score™ analyzes 40+ local data points to estimate your home's probability of sale in the next 60 days across Grand Rapids, MN.
The Grand Rapids metro housing market exhibits very weak conditions, primarily driven by a pending ratio of 0.18. Demand absorption is severely lagging supply, as evidenced by this low pending ratio and a significant year-over-year decline in demand indicators.
Local Market Signals
Source: FRED (St. Louis Fed)Local economic trends can influence how quickly homes sell and how much competition sellers may face.
What's moving the Grand Rapids market right now.
Active listings have expanded substantially, increasing 45.5% over the past year to 211 units. This rise in supply coincides with a notable contraction in pricing, with the median listing price down 14.2% year-over-year. The pending ratio has also declined sharply, falling 36.1% over the past year, reflecting diminished demand relative to available inventory.
“Local pricing and inventory dynamics across Grand Rapids shift block by block — happy to walk through what's actually closing.”
Market Trends
Median Price
Active Inventory
Days on Market
Sold Score™
Sold Score™ Over Time
Market liquidity index • 36 months
Price & Days on Market
Median listing vs market velocity
Inventory Dynamics
Total active listings vs new monthly supply
Sourced from Realtor.com RDC Inventory Core Metrics, supplemented by the Primpted research desk. Updated As of the latest 2026 data.
Market Signals & Indicators
Current market dynamics indicate significant pressure on pricing and extended absorption periods for available inventory. The low pending ratio suggests that purchasers have considerable optionality, leading to more disciplined pricing and protracted negotiations. Inventory levels remain elevated, influencing the pace of transactions.
The average listing price has declined 19.7% over the past year, while the median listing price decreased by 14.2%, creating a wider spread. This, combined with a 13.2% year-over-year reduction in median $/sqft, suggests softness in the higher-priced segments of the market.
211 active listings represent the current floor, with new supply arriving at roughly 72 per month.
of active listings carry a price reduction, -1.2% from prior period.
Median price per square foot has moved -13.2% year-over-year.
Pending-to-active ratio — Very Weak.
Recommended For This Market
Very WeakSelling in Grand Rapids, MN? Homes here are taking 7 days less to sell than last year.
Buyers have leverage in Grand Rapids, MN. Homes that sell are the ones priced and presented for today's conditions, not last year's.
- Buyer Demand Index
- 18%
- Median Days on Market
- 55 days
- Inventory YoY
- +46%
In a buyer's market, strategy beats timing. See how your home scores in Grand Rapids, MN and what moves the number.
See my Sold Score & selling strategy →Talk to a listing expert who is actively selling in Grand Rapids, MN.
Jim Blehm →Keller Williams Realty
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