Market Intelligence · MI / Grand Rapids

Grand Rapids, MI 49503 Housing Market

In 49503, the typical home value sits at $282,318, up 1.5% over the past year. Homes typically list near $299,975 and spend about 47 days on the market before finding a buyer.

Updated September 2026Median value$282K

The median home value in Grand Rapids, MI 49503 is $282K as of September 2026, up 1.5% year over year, according to Zillow ZHVI. For a read on your own home, start with a free consultation: a licensed local pro will walk you through your numbers and your options, with no obligation.

Sell without the wait

Sell your Grand Rapids home for cash.

A competitive, no-obligation cash offer from our institutional network. No repairs, no showings, close on your timeline. Most sellers get their cash offer within 24 hours.

Typical 49503 range

$260K to $305K

This is an automated estimate, not an appraisal. Actual value is determined by current market conditions and professional evaluation. It is provided for informational purposes only and is not an offer to buy or a promise of value.

Not sure cash is the right move? Discuss your options with a licensed local pro, free.

Asset monitoring

Track your home's value.

A free monthly briefing with your estimated value and 49503 market stats. Unsubscribe anytime.

See how a cash offer works citywide: Sell your house fast in Grand Rapids, MI.

12-month value trend

+1.5% over 12 months

Sep 2025$278K

Low $278KHigh $283K

Sep 2026$282K

The numbers

What is the 49503 housing market like?

As of September 2026

Typical home value

$282K

1.5%YoY

Median list price

$300K

4.7%MoM

Days on market

0.0%MoM

Homes for sale

8.4%MoM

Price cuts

22.8%

2.1%MoM

New listings

18.8%MoM

Sources · Zillow ZHVI (September 2026) / Realtor.com (September 2026) / FRED (October 2026)

The outlook

49503 housing market forecast 2027

+2.2%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 49503 to rise 2.2% by September 2027.

Over the 12 months through September 2026, typical home values in 49503 rose 1.5%, per the Zillow Home Value Index.

Will home prices drop in 49503?

Zillow's forecast does not call for a drop: it expects typical home values in 49503 to rise 2.2% by September 2027, after a 1.5% rise over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

Forecast: Zillow Home Value Forecast, published October 2026. A forecast, not a guarantee.

Free home value report

See what your 49503 home is worth.

See your estimated value and a real cash offer, side by side. No obligation, about a minute.

The comparison

How do 49503 home prices compare?

49503$282,318
Grand Rapids$342,153
Michigan$241,156
United States$285,347

Median Zillow home value (ZHVI), as of September 2026. Comparison levels are medians across every ZIP code with Zillow data (Grand Rapids: 12 ZIPs; Michigan: 891 ZIPs; United States: 26,262 ZIPs).

Context

The 49503 market shows mixed signals. There are currently 90 homes for sale, with 38 new listings arriving in September 2026. The median time on market of 47 days suggests steady interest, though 22.8% of listings have seen price cuts. This level of discounting, combined with modest appreciation, indicates a market where buyers have some negotiating room and sellers should price strategically from the start.

Monthly payment

Estimate your monthly payment.

Home price

Down payment20% · $56,464

Term

Rate (%)

Common questions

What people ask us.

What is a typical home value in 49503?

The typical home value in 49503 is $282,318, up 1.5% over the past year as of September 2026.

How long do homes stay on the market in 49503?

The median days on market is 47 as of September 2026.

What share of listings have price cuts in 49503?

22.8% of listings carried a price cut as of September 2026, suggesting some sellers are adjusting expectations.

Discover

Nearby ZIP markets.

Keep reading