Grand Rapids, MI 49544 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. $252,000 median sold price is the primary indicator of market value in 49544 and, with prices reported as up year‑over‑year, suggests modest appreciation even as the market temperature reads neutral.
2. 357 days median days on market points to slower transaction velocity and may indicate pricing friction or buyer caution despite recent sold prices, so sellers should expect longer marketing periods before sale.
3. $221 per square foot median price per square foot alongside a $1,495 median market rent and a up rent trend suggest rental demand is supporting values and makes hold strategies plausible where financing/affordability permit.
4. 6.375% current 30‑year fixed mortgage rate reflects elevated interest rate pressure and, combined with a neutral market temperature, implies balanced listing strategies that account for reduced buyer purchasing power (price reductions or buyer incentives may be required to maintain momentum).

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.