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GRAND RAPIDS, MI 49503

Real Estate Market Report
Balanced Market
September 2026  ·  Source: Realtor.com

Neighborhoods in ZIP 49503

Belknap Lookout · Black Hills · Center City · Cherry (Diamond) · Division South · East Hills · Franklin (Eastern) · Fulton Heights · Heartside · Heritage Hill · Highland Park · Michigan Oaks · Michigan Street · Midtown · Monroe North · North East Citizens Action · Roosevelt Park · South East Community · South Hill · Wealthy

Market Analysis

Data as of September 2026. Source: Realtor.com.

The GRAND RAPIDS, MI real estate market (49503) currently shows 121 active listings, with 32 pending sales. Homes are averaging 47 days on the market before going under contract.

Inventory has tightened compared to last year, with 16 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 47 days on market compared to 37 days last year.

The median listing price has fallen 5.8% year-over-year, from $318,500 to $299,975.

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Market Context

Market Context

Population: 37,471  ·  Density: 1,993.0/mi²  ·  Median household income: $58,165

Typical home value: $200,678  ·  Homeownership: 37.6%

Market Overview

Active Listings
121
⇩ 11.7% vs 137 last year
Pending
32
26% pending ratio
Median Price
$299,975
⇩ 5.8% vs $318,500 last year
Average Price
$362,744
⇩ 13.5% vs $419,334 last year
Days on Market
47
⇧ 27% vs 37 days last year

Price Per Square Foot

Median $/sqft
$246
⇧ 5.1% vs $234/sqft last year
Median Home Size
1,396 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 121 this year vs 137 last year
  • Days on market: 47 now vs 37 last year

Median & Average Pricing

Year over Year
  • Median: $299,975 (-5.8% YoY)
  • Average: $362,744 (-13.5% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 14.0 miles — 653 listings ($326,273,533 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
49503Grand Rapids, MI 495030.0 mi84$31,027,752$263,925$369,378
49506Grand Rapids, MI 495062.6 mi60$55,185,480$573,575$919,758
49504Grand Rapids, MI 495042.8 mi69$25,776,606$303,700$373,574
49525Grand Rapids, MI 495255.3 mi54$30,272,292$387,219$560,598
49508Grand Rapids, MI 495086.3 mi55$18,353,610$357,400$333,702
49534Grand Rapids, MI 495346.6 mi41$19,835,882$470,000$483,802
49544Grand Rapids, MI 495447.1 mi6$2,167,998$299,000$361,333
49512Grand Rapids, MI 495127.9 mi56$20,418,104$348,652$364,609
49306Belmont, MI 493068.8 mi14$7,709,184$544,900$550,656
49428Jenison, MI 494289.5 mi38$17,383,252$418,675$457,454
49315Byron Center, MI 4931511.8 mi75$44,039,025$542,370$587,187
49345Sparta, MI 4934513.4 mi23$11,209,418$534,900$487,366
49341Rockford, MI 4934114.0 mi78$42,894,930$494,975$549,935

Frequently Asked Questions

How many homes are for sale in GRAND RAPIDS, MI 49503?

As of September 2026, there are 121 active listings in GRAND RAPIDS, MI (zip code 49503), compared to 137 the prior year.

What is the median home price in GRAND RAPIDS, MI 49503?

The median listing price in GRAND RAPIDS, MI 49503 is $299,975 as of September 2026, a 5.8% decrease from $318,500 the prior year.

How long do homes stay on the market in GRAND RAPIDS, MI?

Homes in GRAND RAPIDS, MI 49503 spend an average of 47 days on the market before going under contract, compared to 37 days the prior year.

Is it a seller's or buyer's market in GRAND RAPIDS, MI 49503?

Based on current inventory and days-on-market data as of September 2026, GRAND RAPIDS, MI 49503 is currently a Balanced Market. Inventory has tightened compared to last year, with 16 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 47 days on market compared to 37 days last year.

How much can I save on real estate commission in GRAND RAPIDS, MI?

With SELL123.com's maximum 3% commission, sellers in GRAND RAPIDS, MI 49503 save an estimated $6,000 compared to a typical 5% commission on the median listing price of $299,975. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.