East Grand Rapids Real Estate Update 1Q 2023

The East Grand Rapids real estate market for 2023 is looking to be very promising. With the economy slowly recovering from the pandemic, many people are eager to jump back into the housing market and take advantage of low interest rates.

The city of East Grand Rapids itself is a vibrant and beautiful area of Michigan, with plenty of amenities such as great schools, parks, shopping centers, and a range of different eateries. The city also has its own airport and an active business district - making it a great place to live for professionals and entrepreneurs alike.

Home prices in East Grand Rapids have been steadily increasing over the past few years due to the demand for real estate in the area. In 2021, single-family homes averaged around $400K while condos ranged anywhere from $200K-$450K depending on size and location. It's expected that these prices will rise even further in 2023 as more people begin buying up properties in this area to take advantage of its many benefits.

At the time of writing this .76 months worth of inventory.  What that means if no East Grand Rapids real estate agent lists another home, we will be 100% out of listings in about 3 weeks.  That is a SELLERS MARKET!