Grand Rapids, MI 49546 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

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

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. The primary indicator of recent market value is the median sold price of $464,500, which represents the most reliable signal of transaction-level pricing in the neighborhood and should guide offer strategy rather than relying on asking prices.
2. There is a noticeable gap between the median listing price of $499,000 and the median sold price of $464,500, which may indicate pricing friction between seller expectations and completed transactions—buyers should use the median sold price as the negotiation anchor.
3. Market-level trends show prices are up year-over-year and the market temperature is neutral, suggesting stable appreciation without extreme overheating; however, elevated interest rate pressure (current 30-year fixed ~6.375%) is a moderating factor for affordability and could slow velocity.
4. Liquidity signals point to slower apparent sales velocity given a long median days on market of 336, which suggests transactions may be taking longer to close and investors or buyers should plan for extended timelines rather than expecting rapid turnovers.

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.