Grand Rapids, MI 49505 Real Estate Market Report

ZIP Code: 49505
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 $252,000, reflecting a stable environment for recent transactions. This price point suggests a balanced market, with steady appreciation rather than rapid growth. The neighborhood has experienced price increases, indicating a positive trend in property values.

Inventory conditions show elevated levels of supply relative to sales activity, with a median days on market of 223 days, suggesting slower sales velocity. Despite this, the median listing price stands at $259,500, which may indicate some pricing friction as sellers adjust to market realities. Overall, the market appears to be in a neutral state, with moderate transaction volume and steady rental demand, as evidenced by a median market rent of $1,576.

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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 of $252,000 indicates a stable market with moderate price appreciation.

2. With a median days on market of 223, the market is experiencing slower sales velocity, suggesting potential pricing adjustments.

3. The median listing price of $259,500 reflects seller expectations that may be higher than current buyer willingness, indicating pricing friction.

4. Rental demand remains steady, with a median market rent of $1,576, showing resilience in the rental sector.

5. Market conditions are characterized as neutral, with moderate transaction volume and balanced supply dynamics.

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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.