Grand Rapids, MI 49534 Real Estate Market Report

ZIP Code: 49534
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.

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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.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Grand Rapids MI 49534 are 6.4% compared to approximately 6.0% for typical loans originated earlier in 2026.

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

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Key Findings

1. The neighborhood's primary indicator, the median sold price, is 335,950, which anchors recent transaction value and suggests current market transactions are clustered around this level; representative recent sale appears to set pricing expectations.

2. With a median days on market of 267, sales velocity appears slow and may indicate pricing friction or elongated negotiation timelines relative to faster-moving submarkets.

3. The median price per square foot is 254 while the median market rent is 1,950, implying price points and rental levels that investors and occupiers should weigh carefully when assessing affordability and cash flow; rent trends are up.

4. Macro and financing context shows prices are trending up year-over-year and the market temperature is neutral; interest rate pressure is moderate and Current 30-year fixed mortgage rates in Grand Rapids MI 49534 are 6.4% compared to approximately 6.0% for typical loans originated earlier in 2026, which may temper buyer purchasing power and slow transaction pace.

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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.

Grand Rapids, MI 49534 Real Estate Market Report

ZIP Code: 49534
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on condominium properties. Metrics are calculated from recent condo sales and active listings within the past 90 days.

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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.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Grand Rapids MI 49534 are 6.4% compared to approximately 6.0% for typical loans originated earlier in 2026.

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

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Key Findings

1. The neighborhood's primary market indicator, median sold price, is 374,900, which establishes recent transaction-level value and should be the focal point for pricing strategy given current conditions. neutral market temperature suggests neither extreme buyer nor seller dominance, so pricing close to recent sold comparables may be required to achieve predictable outcomes.

2. Median days on market is 315, indicating substantially slower sales velocity; this long time-to-contract may reflect moderate pricing friction and suggests sellers should plan for extended marketing windows or consider price/term concessions to improve liquidity.

3. Median price per square foot is 265 while median market rent is 1,950; these metrics together provide current unit-value and rental context for SFR and condo positioning without implying specific yield calculations—use these exact values when benchmarking comparable listings or framing investor offers. up trends for both prices and rents indicate ongoing appreciation pressure supporting hold-strategies for existing owners.

4. Interest rate dynamics show Current 30-year fixed mortgage rates in Grand Rapids MI 49534 are 6.4% compared to approximately 6.0% for typical loans originated earlier in 2026, and interest rate pressure is labeled moderate; this suggests financing costs are a tangible headwind for marginal buyers and should be incorporated into affordability conversations and offer structuring.

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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.