Market Intelligence · MI / Grand Rapids

Grand Rapids, MI 49512 Housing Market

The typical home value in Grand Rapids, MI 49512 is $365,629, up 2.2% over the past year as of 2026-08-01. The median list price is $360,994, and homes sit for a median of 93 days on market. That is a slow pace, so sellers should plan for a longer timeline.

Updated August 2026Median value$366K

The median home value in Grand Rapids, MI 49512 is $366K as of August 2026, up 2.2% 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 49512 range

$336K to $395K

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

+2.2% over 12 months

Typical home value in 49512 over the last 12 months: $358K in Aug 2025 to $366K in Aug 2026 (+2.2%).

Aug 2025$358K

Aug 2026$366K

The numbers

What is the 49512 housing market like?

Typical home value

$366K

Up2.2%YoY

Median list price

$361K

Down2.8%MoM

Days on market

93

Up50.0%MoM

Homes for sale

42

Up5.0%MoM

Price cuts

10.0%

Down11.3%MoM

New listings

16

Down38.5%MoM

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

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The comparison

How do 49512 home prices compare?

  • 49512$365,629
  • 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 Grand Rapids, MI 49512 market is steady on value but slow on speed. The typical home value is $365,629, up 2.2% over the past year, which shows modest appreciation. Still, the median home takes 93 days to sell, and there are 42 homes for sale against just 16 new listings. Only 10.0% of listings have had a price cut, so most sellers are holding their asking prices. The takeaway: prices are holding, but buyers are taking their time, so pricing right from day one matters.

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