Market Intelligence · MI / Grand Rapids

Grand Rapids, MI 49503 Housing Market

In Grand Rapids, MI 49503, the typical home value is $288,101, up 1.7% over the past year. The median list price is $314,900, and homes are spending a median of 47 days on market. That points to steady pricing rather than a surge.

Updated August 2026Median value$288K

The median home value in Grand Rapids, MI 49503 is $288K as of August 2026, up 1.7% year over year, according to Zillow ZHVI. Get your own home's value and a real cash offer in about two minutes, with sources shown and no obligation.

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Typical 49503 range

$265K to $311K

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.

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12-month value trend

+1.7% over 12 months

Typical home value in 49503 over the last 12 months: $283K in Aug 2025 to $288K in Aug 2026 (+1.7%).

Aug 2025$283K

Aug 2026$288K

The numbers

What is the 49503 housing market like?

Typical home value

$288K

Up1.7%YoY

Median list price

$315K

Down1.6%MoM

Days on market

47

Down14.5%MoM

Homes for sale

83

Up20.3%MoM

Price cuts

22.4%

Down3.7%MoM

New listings

32

Down5.9%MoM

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

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The comparison

How do 49503 home prices compare?

  • 49503$288,101
  • Grand Rapids$343,739
  • Michigan$243,093
  • United States$288,625

Median Zillow home value (ZHVI), as of August 2026. Comparison levels are medians across every ZIP code with Zillow data (Grand Rapids: 12 ZIPs; Michigan: 891 ZIPs; United States: 26,265 ZIPs).

Context

There are 83 homes for sale in 49503, with 32 new listings adding fresh options. The median list price is $314,900 while the typical value is $288,101, so asking prices sit above the broader value level. A median of 47 days on market gives buyers some time, but not endless leverage. With 22.4% of listings taking a price cut, sellers need to price close to the market from the start. The honest read is that demand is still there, yet overpricing can stall a sale.

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