Grand Rapids Michigan Real Estate Market Report by School District Jan 2007-2009

Real Estate is always local. Grand Rapids is such a large metropolitan

area, the real estate market report for the whole area is not necessarily

indicative of  what is going on in your neighborhood.  It lets you know

how we are doing as a  whole, but it certainly doesn’t tell you what your

neighbor just got for his home or what the market prices are in your

neighborhood.

We have split the Grand Rapids area up by public school district,

to give a logical approach to this report. This is a macro neighborhood

report, not a micro report.  Bear in mind, these are average sold prices for

large areas, not specific neighborhoods.  But we hope it gives you a good idea

of where home prices are in your general area within the greater Grand Rapids

market.

Belding

2009 – $  55,110

2008 – $  71,758

2007 – $ 100,416

Byron Center

2009 – $ 160,220

2008 – $ 185,707

2007 – $ 200,766

Caledonia

2009 – $ 153,360

2008 – $ 163,983

2007 – $ 191,724

Cedar Springs

2009   $ 85,493

2008 – $ 99,170

2007 – $128,705

Comstock Park

2009 – $ 112,010

2008 – $114,348

2007 – $138,251

East Grand Rapids

2009-  $ 230,518

2008 – $ 224,625

2007 – $279,909

Forest Hills

2009 – $ 224,558

2008 – $ 272,793

2007 – $ 267,817

Godfrey-Lee

2009 – $ 33,834

2008 – $ 41,515

2007 – $ 71,748

Godwin Heights

2009 – $ 42,149

2008 – $ 53,574

2007 – $ 91,708

Grand Rapids

2009 – $ 58,936

2008 – $ 65,803

2007 – $ 99,233

Grandville

2009 – $ 135,538

2008 – $ 144,222

2007 – $ 162,095

Jenison

2009 – $ 123,639

2008 – $ 131,184

2007 – $ 139,372

Kellogsville

2009 – $ 57,135

2008 – $ 70,897

2007 – $ 93,322

Kenowa Hills

2009 – $ 116,917

2008 – $ 124,367

2007 – $ 151,869

Kentwood

2009 – $ 100,561

2008 – $ 114,940

2007 – $ 141,804

Lowell

2009 – $ 127,542

2008 – $ 135,123

2007 – $ 164,888

Northview

2009 – $ 116,275

2008 – $ 148,128

2007 – $ 160,557

Rockford

2009 – $ 157,624

2008 – $ 176,048

2007 – $ 198,416

Wyoming

2009 – $ 67,784

2008 – $ 82,756

2007 – $109,009

After doing this report, we can certainly see why Grand Rapids

is one of the TOP 5 best places in the country to buy a home

at a reasonable price.

photo of Grand Rapids Children’s Museum by Bonnie Westbrook