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GRAND RAPIDS, MI 49506

Real Estate Market Report  ·  Kent County
Balanced Market
April 2026  ·  Source: Realtor.com

Neighborhoods in ZIP 49506

Baxter · Cherry (Diamond) · East Hills · Eastgate · Eastown · Franklin (Eastern) · Michigan Oaks · Oakdale · Ottawa Hills · Wealthy

Market Analysis

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

The GRAND RAPIDS, MI real estate market (49506) currently shows 69 active listings, with 31 pending sales. Homes are averaging 32 days on the market before going under contract.

Inventory has tightened compared to last year, with 22 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 32 days on market compared to 24 days last year.

The median listing price has risen 5.9% year-over-year, from $625,375 to $662,250.

Whether you are buying or selling in GRAND RAPIDS, MI, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 33,877  ·  Density: 1,796.7/mi²  ·  Median household income: $106,971

Typical home value: $308,203  ·  Homeownership: 76.3%

Market Overview

Active Listings
69
⇩ 24.2% vs 91 last year
Pending
31
45% pending ratio
Median Price
$662,250
⇧ 5.9% vs $625,375 last year
Average Price
$1,112,562
⇧ 1.6% vs $1,095,474 last year
Days on Market
32
⇧ 33.3% vs 24 days last year

Price Per Square Foot

Median $/sqft
$300
⇧ 8.3% vs $277/sqft last year
Median Home Size
2,398 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 69 this year vs 91 last year
  • Days on market: 32 now vs 24 last year

Median & Average Pricing

Year over Year
  • Median: $662,250 (+5.9% YoY)
  • Average: $1,112,562 (+1.6% 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 13.8 miles — 646 listings ($354,897,930 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
49506Grand Rapids, MI 495060.0 mi60$55,185,480$573,575$919,758
49503Grand Rapids, MI 495032.6 mi84$31,027,752$263,925$369,378
49546Grand Rapids, MI 495464.1 mi42$36,699,474$572,950$873,797
49509Wyoming, MI 495095.2 mi29$6,677,627$251,475$230,263
49504Grand Rapids, MI 495045.4 mi69$25,776,606$303,700$373,574
49548Grand Rapids, MI 495485.9 mi44$11,252,560$247,425$255,740
49301Ada, MI 493017.3 mi34$28,530,216$805,000$839,124
49306Belmont, MI 493069.1 mi14$7,709,184$544,900$550,656
49544Grand Rapids, MI 495449.5 mi6$2,167,998$299,000$361,333
49316Caledonia, MI 4931610.7 mi75$43,635,750$527,150$581,810
49315Byron Center, MI 4931511.7 mi75$44,039,025$542,370$587,187
49331Lowell, MI 4933113.3 mi36$19,301,328$528,675$536,148
49341Rockford, MI 4934113.8 mi78$42,894,930$494,975$549,935

Frequently Asked Questions

How many homes are for sale in GRAND RAPIDS, MI 49506?

As of April 2026, there are 69 active listings in GRAND RAPIDS, MI (zip code 49506), compared to 91 the prior year.

What is the median home price in GRAND RAPIDS, MI 49506?

The median listing price in GRAND RAPIDS, MI 49506 is $662,250 as of April 2026, a 5.9% increase from $625,375 the prior year.

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

Homes in GRAND RAPIDS, MI 49506 spend an average of 32 days on the market before going under contract, compared to 24 days the prior year.

Is it a seller's or buyer's market in GRAND RAPIDS, MI 49506?

Based on current inventory and days-on-market data as of April 2026, GRAND RAPIDS, MI 49506 is currently a Balanced Market. Inventory has tightened compared to last year, with 22 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 32 days on market compared to 24 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 49506 save an estimated $13,245 compared to a typical 5% commission on the median listing price of $662,250. 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.