Grand Rapids, MI 49544 Real Estate Market Report

ZIP Code: 49544
Report Date: April 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

As of April 2026, the real estate market in Grand Rapids, MI (ZIP: 49544) is characterized by a median sold price of $324,900, reflecting a stable market with steady price appreciation. The neighborhood has increased up since 2023, indicating a positive trend in property values. Despite this growth, buyers are experiencing some competition due to elevated inventory levels, which may suggest a balance between supply and demand in the current market environment.

The median days on market stands at 274 days, indicating a slower sales velocity. This extended timeframe may reflect a cautious buyer sentiment or pricing friction, as properties take longer to transact. The median price per square foot is $225.625, which aligns with the overall appreciation trend, while the median market rent of $1,532 supports a robust rental market. Overall, the market appears to be in a neutral state, with moderate interest rate pressure influencing buyer behavior.

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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 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 $324,900 indicates a stable appreciation trend in the market.

2. Properties are taking a longer time to sell, with a median days on market of 274 days, suggesting slower sales velocity.

3. The median price per square foot is $225.625, reflecting consistent pricing in the current market context.

4. With a median market rent of $1,532, the rental market remains strong, supporting overall demand.

5. The market temperature is currently neutral, indicating balanced conditions despite elevated inventory levels.

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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.