Grand Rapids, MI 49546 Real Estate Market Report

ZIP Code: 49546
Report Date: April 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

---

Executive Overview

In April 2026, the real estate market in Grand Rapids, MI is characterized by a median sold price of $456,000, reflecting a stable market environment. This price indicates a moderate appreciation trend, with the market showing resilience despite some caution in consumer spending. The market conditions suggest a balanced environment, supported by steady rental demand and a neutral market temperature, which may indicate healthy buyer activity without significant pressure on prices.

The median days on market stands at 250, suggesting slower sales velocity, which could be attributed to elevated inventory levels relative to sales activity. While the median listing price is $545,900, the gap between listing and sold prices may reflect seller expectations that are not fully aligned with current market realities. Overall, the market appears to be stabilizing, with sustainable growth patterns emerging as the local economy remains positive.

---

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

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.

---

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.

---

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

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.

---

Key Findings

1. The median sold price of $456,000 indicates a stable market with moderate appreciation.

2. With a median days on market of 250, the market is experiencing slower sales velocity, suggesting a need for strategic pricing.

3. The median listing price of $545,900 shows a significant gap compared to the sold price, indicating potential pricing friction.

4. Rental demand remains strong, as evidenced by a median market rent of $2,060, supporting overall market stability.

5. The market temperature is neutral, suggesting balanced conditions without strong buyer or seller pressure.

---

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.