Market Intelligence · MI / Grand Rapids

Grand Rapids, MI 49508 Housing Market

The typical home value in Grand Rapids, MI 49508 is $340,179, up 4.1% over the past year. As of 2026-08-01, the median list price is $359,000 and homes spend a median of 38 days on the market.

Updated August 2026Median value$340K

The median home value in Grand Rapids, MI 49508 is $340K as of August 2026, up 4.1% 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.

Get a cash offer

Sell without the wait

Sell your Grand Rapids home for cash.

A competitive, no-obligation cash offer from our institutional network. No repairs, no showings, close on your timeline. Most sellers get their cash offer within 24 hours.

Typical 49508 range

$313K to $367K

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.

Track my home's value

Asset monitoring

Track your home's value.

A free monthly briefing with your estimated value and 49508 market stats. Unsubscribe anytime.

See how a cash offer works citywide: Sell your house fast in Grand Rapids, MI.

12-month value trend

+4.1% over 12 months

Typical home value in 49508 over the last 12 months: $327K in Aug 2025 to $340K in Aug 2026 (+4.1%).

Aug 2025$327K

Aug 2026$340K

The numbers

What is the 49508 housing market like?

Typical home value

$340K

Up4.1%YoY

Median list price

$359K

Down2.7%MoM

Days on market

38

Flat0.0%MoM

Homes for sale

56

Up16.7%MoM

Price cuts

22.4%

Up33.9%MoM

New listings

52

Up30.0%MoM

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

Free home value report

See what your 49508 home is worth.

See your estimated value and a real cash offer, side by side. No obligation, about a minute.

The comparison

How do 49508 home prices compare?

  • 49508$340,179
  • 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

The typical home value in 49508 is $340,179, up 4.1% over the past year, so values are still climbing. As of 2026-08-01, there are 56 homes for sale and 52 new listings, which means fresh supply is roughly keeping pace with what is on the market. The median list price is $359,000 and the median days on market is 38, so homes are moving at a steady rather than frantic pace. Meanwhile, 22.4% of listings have taken a price cut, which shows some sellers are starting too high. For a seller, the honest read is that the market rewards realistic pricing from day one.

Monthly payment

Estimate your monthly payment.

20% · $68,036

Common questions

What people ask us.

Discover

Nearby ZIP markets.

Keep reading

Guides for sellers.