How competitive is the Grand Rapids housing market?

Grand Rapids is soft for sellers as of August 2026, with a Sold Score of 24/100 (Difficult Selling Environment). **Pending ratio** is 0.23 (contracts vs. active inventory) — anything above 0.40 is healthy demand, below 0.20 is slow. **Inventory change YoY** is +25.7% — more choices for buyers than a year ago. **Median days on market** is 57. Faster than 30 days means buyers are deciding quickly. **Price-reduction share** is 35.4% of active listings — above 25% signals sellers are widely overshooting list price. — Live indicators (August 2026): Sold Score: 24/100 (Difficult Selling Environment) · Pending ratio: 0.23 · Inventory YoY: +25.7% · Median days on market: 57 · Sellers cutting price: 35.4% · Median listing price: $352,500 (-3.4% YoY)