Grand Rapids, MI 49525 Real Estate Market Report

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.

Market Metrics

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.

Rental Market

Property Taxes

Liquidity & Velocity

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

Market Trends & Context

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

Key Findings

1. The primary market indicator, the median sold price, is 301,500, which signals the representative recent sale level for SFR and condo transactions in ZIP 49525 and anchors pricing expectations relative to asking behavior.
2. There is a notable gap between the median listing price of 355,000 and the median sold price of 301,500, which suggests pricing friction and may indicate seller optimism versus realized transaction values.
3. Market velocity appears slow given the median days on market of 292, which may indicate slower sales velocity and suggests that liquidity is constrained despite reported demand, consistent with a neutral market temperature.
4. Macro headwinds include elevated financing costs — current 30-year fixed mortgage rates average 6.69% — and elevated interest rate pressure, while fundamental rental support is positive with a median market rent of 1,845 and rent year-over-year trend up, implying continued appeal for some investor buyers even as purchase financing costs remain high.

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.