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Millbrook

GRAND RAPIDS, MI 49508

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

Neighborhoods in ZIP 49508

Millbrook

Market Analysis

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

The GRAND RAPIDS, MI real estate market (49508) currently shows 60 active listings, with 37 pending sales. Homes are averaging 27 days on the market before going under contract.

Inventory has tightened compared to last year, with 10 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 27 days on market compared to 22 days last year.

The median listing price has fallen 2.9% year-over-year, from $339,900 to $329,900.

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: 42,515  ·  Density: 1,394.1/mi²  ·  Median household income: $62,183

Typical home value: $224,941  ·  Homeownership: 59.1%

Market Overview

Active Listings
60
⇩ 14.3% vs 70 last year
Pending
37
62% pending ratio
Median Price
$329,900
⇩ 2.9% vs $339,900 last year
Average Price
$330,594
⇩ 1% vs $333,963 last year
Days on Market
27
⇧ 22.7% vs 22 days last year

Price Per Square Foot

Median $/sqft
$184
⇧ 8.9% vs $169/sqft last year
Median Home Size
1,797 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 60 this year vs 70 last year
  • Days on market: 27 now vs 22 last year

Median & Average Pricing

Year over Year
  • Median: $329,900 (-2.9% YoY)
  • Average: $330,594 (-1% 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 — 644 listings ($275,363,956 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
49508Grand Rapids, MI 495080.0 mi55$18,353,610$357,400$333,702
49509Wyoming, MI 495093.8 mi29$6,677,627$251,475$230,263
49507Grand Rapids, MI 495074.1 mi76$19,037,240$250,250$250,490
49519Wyoming, MI 495195.0 mi27$7,949,313$292,950$294,419
49503Grand Rapids, MI 495036.3 mi84$31,027,752$263,925$369,378
49418Grandville, MI 494187.4 mi68$35,862,044$431,475$527,383
49504Grand Rapids, MI 495048.4 mi69$25,776,606$303,700$373,574
49525Grand Rapids, MI 4952510.3 mi54$30,272,292$387,219$560,598
49534Grand Rapids, MI 4953410.6 mi41$19,835,882$470,000$483,802
49302Alto, MI 4930212.1 mi23$20,612,853$678,675$896,211
49348Wayland, MI 4934813.2 mi23$10,936,799$372,450$475,513
49426Hudsonville, MI 4942613.4 mi76$41,504,284$545,850$546,109
49321Comstock Park, MI 4932114.0 mi19$7,517,654$387,450$395,666

Frequently Asked Questions

How many homes are for sale in GRAND RAPIDS, MI 49508?

As of March 2026, there are 60 active listings in GRAND RAPIDS, MI (zip code 49508), compared to 70 the prior year.

What is the median home price in GRAND RAPIDS, MI 49508?

The median listing price in GRAND RAPIDS, MI 49508 is $329,900 as of March 2026, a 2.9% decrease from $339,900 the prior year.

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

Homes in GRAND RAPIDS, MI 49508 spend an average of 27 days on the market before going under contract, compared to 22 days the prior year.

Is it a seller's or buyer's market in GRAND RAPIDS, MI 49508?

Based on current inventory and days-on-market data as of March 2026, GRAND RAPIDS, MI 49508 is currently a Balanced Market. Inventory has tightened compared to last year, with 10 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 27 days on market compared to 22 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 49508 save an estimated $6,598 compared to a typical 5% commission on the median listing price of $329,900. 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.