Grand Rapids, MI 49534 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 indicator of recent market value is the median sold price: 321,000, which represents the most reliable signal of realized pricing for SFR and condo transactions in the area and should be used ahead of asking prices when setting expectations. contextual
2. There is a notable gap between median listing price 489,000 and the median sold price of 321,000, which suggests pricing friction and that seller expectations may be materially higher than recent transaction levels; this gap appears to indicate that some listings may require price adjustments or longer marketing to reach contract.
3. Market velocity points to slower turnover: the median days on market 310 is prolonged and, combined with the observed relationship between listing and sold prices, suggests softening liquidity dynamics where transactions may take longer to complete and require concessions or price alignment.
4. Rate and broader trend context: year-over-year pricing is indicated as up while rent is also up, but interest rate pressure is elevated (Current 30-year fixed mortgage rates for properties in Grand Rapids 49534 are averaging 6.69%, which is higher than the 5.5% to 5.75% range projected for mid-2026), implying elevated interest rate pressure that may constrain buyer affordability despite positive price and rent trends.

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.