Market Intelligence · MI / Grand Rapids

Grand Rapids, MI 49507 Housing Market

The typical home value in Grand Rapids 49507 is $246,490, up 1.6% over the past year. The median list price is $263,475, and homes are taking a median of 31 days on market.

Updated June 2026Median value$246K

The median home value in Grand Rapids, MI 49507 is $246K as of June 2026, up 1.6% 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 49507 range

$227K to $266K

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

+1.6% over 12 months

Typical home value in 49507 over the last 12 months: $243K in Jun 2025 to $246K in Jun 2026 (+1.6%).

Jun 2025$243K

Jun 2026$246K

The numbers

What is the 49507 housing market like?

Typical home value

$246K

Up1.6%YoY

Median list price

$263K

Days on market

31

Up416.7%MoM

Homes for sale

48

Price cuts

19.3%

New listings

50

Sources · Zillow ZHVI (June 2026) / Realtor.com (June 2026) / FRED (July 2026)

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The comparison

How do 49507 home prices compare?

  • 49507$246,490
  • Grand Rapids$349,801
  • Michigan$247,122
  • United States$291,471

Median Zillow home value (ZHVI), as of June 2026. Comparison levels are medians across every ZIP code with Zillow data (Grand Rapids: 12 ZIPs; Michigan: 891 ZIPs; United States: 26,270 ZIPs).

Context

As of June 1, 2026, there were 48 homes for sale in the 49507 ZIP code, with 50 new listings recorded. The median list price sits at $263,475, while the typical home value is $246,490, up 1.6% over the past year. Homes are spending a median of 31 days on market. About 19.3% of listings have had a price cut. Sellers here can expect steady but not rushed demand, so accurate pricing matters.

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