Market Intelligence · MI / Grand Rapids

Grand Rapids, MI 49504 Housing Market

The typical home in Grand Rapids, MI 49504 is worth $288,958, up 2.9% over the past year as of 2026-08-01. Sellers listed homes at a median price of $304,950, and listings spent a median of 30 days on the market.

Updated August 2026Median value$289K

The median home value in Grand Rapids, MI 49504 is $289K as of August 2026, up 2.9% 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 49504 range

$266K to $312K

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

+2.9% over 12 months

Typical home value in 49504 over the last 12 months: $281K in Aug 2025 to $289K in Aug 2026 (+2.9%).

Aug 2025$281K

Aug 2026$289K

The numbers

What is the 49504 housing market like?

Typical home value

$289K

Up2.9%YoY

Median list price

$305K

Down2.4%MoM

Days on market

30

Down9.1%MoM

Homes for sale

56

Up14.3%MoM

Price cuts

21.4%

Up19.0%MoM

New listings

52

Up18.2%MoM

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

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The comparison

How do 49504 home prices compare?

  • 49504$288,958
  • 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

The 49504 market had 56 homes for sale as of 2026-08-01, with 52 new listings arriving in the same period. The median list price of $304,950 sits above the typical home value of $288,958, which rose 2.9% over the past year. Homes moved at a moderate pace, with a median of 30 days on market, and 21.4% of listings took a price cut. For a seller, that mix points to a market that rewards realistic pricing from day one rather than testing the high end.

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