Market Intelligence · MI / Grand Rapids

Grand Rapids, MI 49505 Housing Market

The typical home value in Grand Rapids, MI 49505 is $305,362, up 3.8% over the past year as of 2026-08-01. The median list price sits at $322,450, and homes are spending a median of 26 days on market.

Updated August 2026Median value$305K

The median home value in Grand Rapids, MI 49505 is $305K as of August 2026, up 3.8% 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 49505 range

$281K to $330K

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

+3.8% over 12 months

Typical home value in 49505 over the last 12 months: $294K in Aug 2025 to $305K in Aug 2026 (+3.8%).

Aug 2025$294K

Aug 2026$305K

The numbers

What is the 49505 housing market like?

Typical home value

$305K

Up3.8%YoY

Median list price

$322K

Down0.8%MoM

Days on market

26

Down18.7%MoM

Homes for sale

49

Up44.1%MoM

Price cuts

22.7%

Up16.9%MoM

New listings

52

Up30.0%MoM

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

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The comparison

How do 49505 home prices compare?

  • 49505$305,362
  • 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

As of 2026-08-01, there were 49 homes for sale in 49505, with 52 new listings hitting the market. The median list price was $322,450, a bit above the typical home value of $305,362, which rose 3.8% over the past year. Homes moved at a median of 26 days on market, and 22.7% of listings had taken a price cut. That share of cuts suggests some sellers are starting too high even while values climb. For a seller, the read is simple: demand is there, but pricing realistically from the start matters.

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