Grand Rapids, MI 49534 Real Estate Market Report

ZIP Code: 49534
Report Date: April 2026
Market Temperature: HOT
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

The Grand Rapids real estate market, specifically in the area of 49534, is currently characterized by a median sold price of $324,900, reflecting the actual transaction activity in the region. This price point indicates a stable market environment, with no significant fluctuations reported in the historical sold price change. The market appears to be experiencing a period of stabilization, with some indications of modest appreciation amidst a backdrop of strong local economic growth, which continues to attract new residents and sustain demand for housing.

Transaction activity has been moderate, with 231 median days on market suggesting a slower sales velocity. This extended timeframe may indicate that while demand remains, buyers are exercising caution, potentially due to elevated inventory levels. The current market temperature is classified as hot, suggesting that despite the slower transaction pace, the competitive environment favors sellers, particularly in light of the $525,450 median listing price that reflects seller expectations, which are significantly higher than the median sold price. This gap may create pricing friction as buyers weigh their options in a market with elevated inventory 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

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

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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 Hot market indicates strong buyer demand with limited inventory, typically characterized by rising prices, quick sales (low days on market), and inventory levels below historical averages.

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Key Findings

1. $324,900 is the current median sold price, indicating stable transaction values in the market.

2. The median days on market stands at 231, suggesting a slower sales velocity and potential buyer caution.

3. With a median listing price of $525,450, there is a notable gap between asking and sold prices, which may create pricing friction for sellers.

4. The market temperature is classified as hot, indicating strong demand despite the slower transaction pace.

5. The median market rent is $1,580, reflecting an upward trend in rental prices, which may attract more investors to the market.

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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.