Market Intelligence · MI / Grand Rapids

Grand Rapids, MI 49508 Housing Market

The typical home value in 49508 is $337,101, up 4.1% over the past year. Homes are selling at a median list price of $349,900 and spending a median of 38 days on market.

Updated September 2026Median value$337K

The median home value in Grand Rapids, MI 49508 is $337K as of September 2026, up 4.1% year over year, according to Zillow ZHVI. For a read on your own home, start with a free consultation: a licensed local pro will walk you through your numbers and your options, with no obligation.

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Typical 49508 range

$310K to $364K

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

+4.1% over 12 months

Sep 2025$324K

Low $324KHigh $337K

Sep 2026$337K

The numbers

What is the 49508 housing market like?

As of September 2026

Typical home value

$337K

4.1%YoY

Median list price

$350K

2.5%MoM

Days on market

0.0%MoM

Homes for sale

1.8%MoM

Price cuts

29.2%

30.4%MoM

New listings

34.6%MoM

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

The outlook

49508 housing market forecast 2027

+2.6%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 49508 to rise 2.6% by September 2027.

Over the 12 months through September 2026, typical home values in 49508 rose 4.1%, per the Zillow Home Value Index.

Will home prices drop in 49508?

Zillow's forecast does not call for a drop: it expects typical home values in 49508 to rise 2.6% by September 2027, after a 4.1% rise over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

Forecast: Zillow Home Value Forecast, published October 2026. A forecast, not a guarantee.

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The comparison

How do 49508 home prices compare?

49508$337,101
Grand Rapids$342,153
Michigan$241,156
United States$285,347

Median Zillow home value (ZHVI), as of September 2026. Comparison levels are medians across every ZIP code with Zillow data (Grand Rapids: 12 ZIPs; Michigan: 891 ZIPs; United States: 26,262 ZIPs).

Context

The area has 57 homes for sale as of September 2026, with 34 new listings entering the market. The median days on market of 38 suggests a reasonably active pace. However, 29.2% of listings carry a price cut, indicating some sellers are adjusting expectations to match what buyers will pay. The year-over-year value gain of 4.1% is modest but stable. Sellers should price carefully and expect a market where competition is present.

Monthly payment

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Home price

Down payment20% · $67,420

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Common questions

What people ask us.

What is the typical home value in 49508?

The typical home value is $337,101, up 4.1% over the past year as of September 2026.

How long do homes spend on the market in this area?

The median days on market is 38 as of September 2026.

How many homes are currently for sale in 49508?

There are 57 homes for sale as of September 2026, with 34 new listings recently added.

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