Grand Rapids, MI 49504 Real Estate Market Report

ZIP Code: 49504
Report Date: April 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

The Grand Rapids real estate market in April 2026 is characterized by a median sold price of $251,500, reflecting a stable market environment. This price point indicates a robust demand for properties, despite the elevated interest rate pressure affecting overall affordability. The neighborhood has experienced a year-over-year price trend that is up, suggesting a positive trajectory in property values.

Transaction activity appears moderate, with 198 days as the median days on market, indicating a slower sales velocity. This extended time frame may imply a degree of pricing friction, particularly as the median listing price stands at $261,250, creating a notable gap between seller expectations and market realities. Overall, the market temperature remains neutral, suggesting a balanced environment, albeit with some signs of elevated inventory levels relative to sales activity.

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Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Market Metrics

Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Rental Market

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Property Taxes

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Liquidity & Velocity

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Market Trends & Context

Understanding Market Temperature

A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

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Key Findings

1. The median sold price is $251,500, indicating strong market performance despite elevated interest rates.

2. With 198 days as the median days on market, the market shows signs of slower sales velocity, suggesting potential pricing friction.

3. The median listing price of $261,250 reflects a gap between seller expectations and actual sales, indicating potential negotiation opportunities.

4. Rental demand remains strong with a median market rent of $1,576, contributing to modest rent increases in the area.

5. The market temperature is neutral, suggesting a balanced environment but with elevated inventory levels relative to sales activity.

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Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.