Market Intelligence · MI / Grand Rapids

Grand Rapids, MI 49507 Housing Market

The typical home value in Grand Rapids, MI 49507 is $241,755, up 1.7% over the past year. The median list price is $260,000, and homes spend a median of 37 days on market. That points to steady, modest appreciation rather than rapid gains.

Updated August 2026Median value$242K

The median home value in Grand Rapids, MI 49507 is $242K 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 49507 range

$222K to $261K

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 49507 over the last 12 months: $238K in Aug 2025 to $242K in Aug 2026 (+1.7%).

Aug 2025$238K

Aug 2026$242K

The numbers

What is the 49507 housing market like?

Typical home value

$242K

Up1.7%YoY

Median list price

$260K

Flat0.0%MoM

Days on market

37

Down2.6%MoM

Homes for sale

69

Up21.1%MoM

Price cuts

24.2%

Up39.6%MoM

New listings

44

Flat0.0%MoM

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

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The comparison

How do 49507 home prices compare?

  • 49507$241,755
  • 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 are 69 homes for sale in 49507, with 44 new listings adding to supply. The median list price of $260,000 sits above the typical home value of $241,755, which is up 1.7% over the past year. Homes move at a moderate pace, with a median of 37 days on market. About 24.2% of listings have taken a price cut, suggesting some sellers start too high. For a seller, the takeaway is that pricing realistically from the start matters more than testing the market.

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