Market Intelligence · MI / Grand Rapids

Grand Rapids, MI 49508 Housing Market

The typical home value in Grand Rapids 49508 is $346,546, up 3.9% over the past year. The median list price is $369,250, and homes are taking a median of 23 days on market as of 2026-06-01.

Updated June 2026Median value$347K

The median home value in Grand Rapids, MI 49508 is $347K as of June 2026, up 3.9% 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 49508 range

$319K to $374K

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

+3.9% over 12 months

Typical home value in 49508 over the last 12 months: $334K in Jun 2025 to $347K in Jun 2026 (+3.9%).

Jun 2025$334K

Jun 2026$347K

The numbers

What is the 49508 housing market like?

Typical home value

$347K

Up3.9%YoY

Median list price

$369K

Days on market

23

Up283.3%MoM

Homes for sale

46

Price cuts

11.8%

New listings

56

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

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The comparison

How do 49508 home prices compare?

  • 49508$346,546
  • 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 2026-06-01, there are 46 homes for sale in the 49508 ZIP code, with 56 new listings recently added. The median list price sits at $369,250, while the typical home value is $346,546, up 3.9% over the past year. Homes are spending a median of 23 days on market, and 11.8% of listings have had a price cut. For sellers, the combination of steady value growth and a moderate time on market suggests conditions that still favor listing, provided the home is priced with local demand in mind.

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