East Grand Rapids, MI Foreclosures
How much do homes sell for in East Grand Rapids, MI?
The average home price is currently $876,814.
What’s the average rental cost in East Grand Rapids, MI?
The average rental price in East Grand Rapids is $2,327.
What is the most expensive home in East Grand Rapids?
The most expensive home sold in East Grand Rapids had a price of $4,843,600.
What is currently the cheapest priced home in East Grand Rapids, MI?
The cheapest home for sale in East Grand Rapids is priced at $92,900.
Living in East Grand Rapids, MI
East Grand Rapids is a suburban community located just east of Grand Rapids, Michigan. Known for its charming neighborhoods and top-rated schools, the city offers a family-friendly atmosphere alongside a rich array of parks and recreational facilities. Residents enjoy access to beautiful lakes, a vibrant downtown area with shops and restaurants, and a strong sense of community.
Current Market Conditions in East Grand Rapids, MI
The real estate market in East Grand Rapids has remained strong this year, characterized by limited inventory and high demand. Home values have steadily increased, driven by the appeal of the area's schools and community amenities. Homes are selling quickly, often within days of listing, indicating a competitive market. Buyers often find themselves in bidding wars, which is pushing prices upward, especially for single-family homes.
There is a noticeable trend towards increased interest in townhomes and condominiums, catering to a diverse demographic ranging from young professionals to empty nesters looking to downsize, while still staying close to the amenities of East Grand Rapids.
Home Value Estimator For East Grand Rapids, MI
There are currently 236 real estate properties
in East Grand Rapids, MI,
with a median automated valuation model (AVM) price
of $672,423.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in East Grand Rapids, MI, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in East Grand Rapids, MI,
is $876,814.00, with the most expensive house
in East Grand Rapids, MI, topping out
at $4,843,600.00 and the cheapest home
in East Grand Rapids, MI,
clocking in at $92,900.00. In other words, there’s
something for every potential homebuyer
or savvy investor in East Grand Rapids, MI!
Rent Prices
In East Grand Rapids, MI
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in East Grand Rapids, MI, is on
a rollercoaster ride. The
average rent price in East Grand Rapids, MI,
is $2,327.00. Indeed, when looking to rent in
East Grand Rapids, MI, you can expect to pay as little
as $1,120.00 or as much
as $3,480.00,
with the average rent median estimated to
be $2,250.00. The good news is that finding
an affordable and desirable property to rent in East Grand Rapids, MI
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
Learn more on Foreclosure homes
