Grand Rapids, MI 49544 Real Estate Market Report

ZIP Code: 49544
Report Date: May 2026
Market Temperature: HOT
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

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.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Grand Rapids, MI are averaging 6.3%, reflecting a stable market environment for property owners in this area compared to earlier 2026 levels.

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 primary market value signal is the median sold price of $324,900, which — alongside a hot market and a price year‑over‑year trend that is up — suggests recent transactions are supporting continued upward pricing pressure in 49544.

2. Liquidity appears slow on a time‑to‑contract basis: the median days on market is 317, which may indicate slower sales velocity and pricing friction despite the hot market temperature; combined with the sample’s characterization of relatively constrained active supply, this suggests buyers may be selective and transactions can take longer to close.

3. Unit value is supported by a median price per square foot of $224, indicating that buyers are paying a premium per area in this ZIP; given the market temperature is hot, sellers can expect price resiliency at or near these per‑square‑foot levels for competitively positioned SFR and condo inventory.

4. Affordability and carrying costs are under pressure: the median market rent is $1,375 and interest rate pressure is noted as elevated, with current 30‑year fixed rates averaging 6.3% — together these factors tighten buyer purchasing power even as rent trends are up, supporting continued investor and renter demand but increasing cost sensitivity for owner‑occupant buyers.

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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 49544 Real Estate Market Report

ZIP Code: 49544
Report Date: May 2026
Market Temperature: HOT
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

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

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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.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Grand Rapids, MI are averaging 6.3%, reflecting a stable market environment for property owners in this area compared to earlier 2026 levels.

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 primary market value indicator is the $315,000 median sold price, signaling that recent transaction activity centers around this price point in the 49544 area and supporting a up price year-over-year trend.

2. The 333 days median days on market suggests slower sales velocity versus typical rapid-turn markets and may indicate pricing friction or extended negotiation timelines rather than immediate turnover.

3. The $262 median price per square foot, together with a $1,375 median market rent and a up rent year-over-year trend, implies pricing levels that remain supported by rental demand and could sustain buyer interest for income-oriented purchasers.

4. Market conditions show a hot market temperature while interest rate pressure is elevated (current 30-year fixed around 6.3%), creating a tension where seller-favorable pricing persists but elevated financing costs may moderate buyer qualifying power.

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Notable Properties

The following 3 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.