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GRAND RAPIDS, MI 49507

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

The GRAND RAPIDS, MI real estate market (49507) currently shows 80 active listings, with 51 pending sales. Homes are averaging 42 days on the market before going under contract.

Inventory has tightened compared to last year, with 3 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 42 days on market compared to 19 days last year.

The median listing price has risen 6.3% year-over-year, from $239,950 to $255,063.

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
80
⇩ 3.6% vs 83 last year
Pending
51
64% pending ratio
Median Price
$255,063
⇧ 6.3% vs $239,950 last year
Average Price
$260,044
⇧ 11% vs $234,273 last year
Days on Market
42
⇧ 121.1% vs 19 days last year

Price Per Square Foot

Median $/sqft
$185
⇧ 4.5% vs $177/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: 80 this year vs 83 last year
  • Days on market: 42 now vs 19 last year

Median & Average Pricing

Year over Year
  • Median: $255,063 (+6.3% YoY)
  • Average: $260,044 (+11% 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 March 2026, there are 80 active listings in GRAND RAPIDS, MI (zip code 49507), compared to 83 the prior year.

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

The median listing price in GRAND RAPIDS, MI 49507 is $255,063 as of March 2026, a 6.3% increase from $239,950 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 42 days on the market before going under contract, compared to 19 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 March 2026, GRAND RAPIDS, MI 49507 is currently a Balanced Market. Inventory has tightened compared to last year, with 3 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 42 days on market compared to 19 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 $5,101 compared to a typical 5% commission on the median listing price of $255,063. 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.