Grand Rapids, MI 49525 Real Estate Market Report

ZIP Code: 49525
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 $312,000, reflecting a stable market environment. The neighborhood has increased up since 2023, indicating a positive trend in property values. Despite the median listing price being significantly higher at $558,900, this gap suggests potential pricing friction as sellers adjust expectations to align with actual transaction values.

Inventory conditions show elevated levels, with a moderate sales activity that may indicate a balanced market with a slight edge favoring sellers. The median days on market is notably high at 271 days, suggesting a slower sales velocity, which could impact liquidity. Overall, the market appears to be navigating through a phase of steady appreciation amid improving inventory levels, supported by a robust local economy that sustains rental demand.

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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

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.

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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 $312,000 indicates strong market activity despite a significant gap with the median listing price of $558,900.

2. Elevated inventory levels suggest a balanced market, with sellers needing to adjust expectations to facilitate sales.

3. The median days on market of 271 days reflects slower sales velocity, which may impact overall market liquidity.

4. The local economy supports a median market rent of $1,720, contributing to steady rental demand and modest rent increases.

5. Interest rate pressure is currently elevated, which may affect buyer sentiment and overall market 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.