What is the average home price in Grand Rapids, MN?

Average home price in Grand Rapids, MN

Homes in Grand Rapids, MN sold for a median of $330,000 during May 2026, but that reading sits well away from this market's recent run of about $240,150. Grand Rapids, MN closes only about 39 sales in a window, and at that size one stretch of unusually expensive or unusually cheap closings moves the median on its own. Treat $240,150 as the better answer to what a home here costs.

$240,150

Typical home sells for

six-month run

$330,000

Most recent window

May 2026

$160

Per square foot

$339,900

Asking, homes for sale

Almost everyone searches for the "average" price, and almost every published figure — including this one — is the median instead. The difference matters. A true average is dragged upward by a handful of very expensive sales, so in a metro with a few multi-million-dollar homes it can sit well above anything an ordinary buyer would ever pay. The median is simply the sale in the middle of the list, which is why it is the number that describes a normal home.

Homes currently on the market in Grand Rapids, MN are asking a median of $339,900. Do not read the gap between that and $240,150 as a discount you can expect to negotiate. Those are two different sets of homes — one is what sold, the other is what has not sold yet — and asking prices skew high precisely because the homes priced too high are the ones still sitting there. The honest measure is what each home got against its own asking price, and in Grand Rapids, MN that came to 99%.

Measured by size rather than by house, homes in Grand Rapids, MN are selling for about $160 per square foot. That is the fairer comparison when you are weighing one neighborhood against another, or this year against last, because the typical price moves whenever the mix of what happens to sell shifts — a run of large houses lifts it without anything actually getting more expensive.

We are also not quoting a year-over-year change for Grand Rapids, MN. That comparison is built on the same single window this page has just set aside, so it would carry the same problem while looking like a firmer number.

Source: Redfin's published market data for the Grand Rapids, MN area, through May 2026.

Typical sale price, month by month.

Are you the agent for Grand Rapids, MN?

We build this page's numbers into a one-page report with your name, brokerage and phone on it, for up to three areas you work — emailed to you fresh every month. Forward it to clients. $49 a month, cancel anytime.

See a real sample report first — no email needed.

More about the Grand Rapids, MN market

Other markets

Figures come from Redfin's published market data for the Grand Rapids, MN area, through May 2026. Neighborhood Numbers is an independent data publisher and is not affiliated with Redfin. We update these pages when Redfin publishes, once a month.