Market Intelligence · MI / Grand Rapids

Grand Rapids, MI 49548 Housing Market

In Grand Rapids, MI 49548, the typical home value is $254,635, up 2.9% over the past year as of 2026-08-01. The median list price is $239,900, and homes are moving in a median of 24 days on market.

Updated August 2026Median value$255K

The median home value in Grand Rapids, MI 49548 is $255K as of August 2026, up 2.9% 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 49548 range

$234K to $275K

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

+2.9% over 12 months

Typical home value in 49548 over the last 12 months: $247K in Aug 2025 to $255K in Aug 2026 (+2.9%).

Aug 2025$247K

Aug 2026$255K

The numbers

What is the 49548 housing market like?

Typical home value

$255K

Up2.9%YoY

Median list price

$240K

Down3.1%MoM

Days on market

24

Up14.3%MoM

Homes for sale

31

Up34.8%MoM

Price cuts

25.5%

Up217.1%MoM

New listings

32

Up14.3%MoM

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

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The comparison

How do 49548 home prices compare?

  • 49548$254,635
  • 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 49548 market shows steady conditions as of 2026-08-01. There are 31 homes for sale, with 32 new listings coming on during the same period, so fresh inventory is roughly keeping pace with what is available. Homes are selling in a median of 24 days on market, which points to active buyer interest. Still, 25.5% of listings have taken a price cut, so not every asking price is holding. For a seller, the honest read is that well-priced homes move quickly here, but overpricing is being corrected by the market.

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