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GRAND RAPIDS, MI 49507

Real Estate Market Report
Seller's Market
June 2026  ·  Source: Realtor.com

Neighborhoods in ZIP 49507

Alger Heights · Boston Square · Burton Heights · Franklin (Eastern) · Garfield Park · Madison Square · Oakdale · Seymour Square · South East Community · South Hill

Market Analysis

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

The GRAND RAPIDS, MI real estate market (49507) currently shows 114 active listings, with 67 pending sales. Homes are averaging 31 days on the market before going under contract.

Inventory has tightened compared to last year, with 23 fewer active listings — creating more competition among buyers.

Homes are selling faster, averaging 31 days on market compared to 45 days last year.

The median listing price has risen 9.6% year-over-year, from $240,325 to $263,475.

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: 39,899  ·  Density: 2,780.7/mi²  ·  Median household income: $52,887

Typical home value: $160,276  ·  Homeownership: 61.5%

Market Overview

Active Listings
114
⇩ 16.8% vs 137 last year
Pending
67
59% pending ratio
Median Price
$263,475
⇧ 9.6% vs $240,325 last year
Average Price
$268,956
⇧ 10.2% vs $244,116 last year
Days on Market
31
⇩ 31.1% vs 45 days last year

Price Per Square Foot

Median $/sqft
$188
⇧ 8.7% vs $173/sqft last year
Median Home Size
1,390 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 114 this year vs 137 last year
  • Days on market: 31 now vs 45 last year

Median & Average Pricing

Year over Year
  • Median: $263,475 (+9.6% YoY)
  • Average: $268,956 (+10.2% 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 15.4 miles — 559 listings ($270,063,602 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
49507Grand Rapids, MI 495070.0 mi76$19,037,240$250,250$250,490
49506Grand Rapids, MI 495062.3 mi60$55,185,480$573,575$919,758
49519Wyoming, MI 495193.9 mi27$7,949,313$292,950$294,419
49548Grand Rapids, MI 495484.3 mi44$11,252,560$247,425$255,740
49505Grand Rapids, MI 495054.8 mi57$19,217,949$342,650$337,157
49512Grand Rapids, MI 495126.4 mi56$20,418,104$348,652$364,609
49525Grand Rapids, MI 495257.1 mi54$30,272,292$387,219$560,598
49544Grand Rapids, MI 495449.1 mi6$2,167,998$299,000$361,333
49301Ada, MI 493019.6 mi34$28,530,216$805,000$839,124
49321Comstock Park, MI 4932110.0 mi19$7,517,654$387,450$395,666
49306Belmont, MI 4930610.8 mi14$7,709,184$544,900$550,656
49426Hudsonville, MI 4942612.7 mi76$41,504,284$545,850$546,109
49331Lowell, MI 4933115.4 mi36$19,301,328$528,675$536,148

Frequently Asked Questions

How many homes are for sale in GRAND RAPIDS, MI 49507?

As of June 2026, there are 114 active listings in GRAND RAPIDS, MI (zip code 49507), compared to 137 the prior year.

What is the median home price in GRAND RAPIDS, MI 49507?

The median listing price in GRAND RAPIDS, MI 49507 is $263,475 as of June 2026, a 9.6% increase from $240,325 the prior year.

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

Homes in GRAND RAPIDS, MI 49507 spend an average of 31 days on the market before going under contract, compared to 45 days the prior year.

Is it a seller's or buyer's market in GRAND RAPIDS, MI 49507?

Based on current inventory and days-on-market data as of June 2026, GRAND RAPIDS, MI 49507 is currently a Seller's Market. Inventory has tightened compared to last year, with 23 fewer active listings — creating more competition among buyers. Homes are selling faster, averaging 31 days on market compared to 45 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 49507 save an estimated $5,270 compared to a typical 5% commission on the median listing price of $263,475. 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.