Market Intelligence · MI / Grand Rapids

Grand Rapids, MI 49548 Housing Market

Homes in Grand Rapids 49548 are valued at a typical $253,388, up 3.1% over the past year. The median list price is $244,950, with homes taking a median 31 days to sell.

Updated September 2026Median value$253K

The median home value in Grand Rapids, MI 49548 is $253K as of September 2026, up 3.1% 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 49548 range

$233K to $274K

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

+3.1% over 12 months

Sep 2025$246K

Low $246KHigh $253K

Sep 2026$253K

The numbers

What is the 49548 housing market like?

As of September 2026

Typical home value

$253K

3.1%YoY

Median list price

$245K

2.1%MoM

Days on market

29.2%MoM

Homes for sale

0.0%MoM

Price cuts

17.8%

30.3%MoM

New listings

31.2%MoM

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

The outlook

49548 housing market forecast 2027

+2.8%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 49548 to rise 2.8% by September 2027.

Over the 12 months through September 2026, typical home values in 49548 rose 3.1%, per the Zillow Home Value Index.

Will home prices drop in 49548?

Zillow's forecast does not call for a drop: it expects typical home values in 49548 to rise 2.8% by September 2027, after a 3.1% 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 49548 home prices compare?

49548$253,388
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 31 homes for sale as of September 2026, with 22 new listings in that same period. Roughly 17.8% of listings have received a price cut, suggesting some sellers are adjusting to market conditions. Days on market at 31 reflects a moderate pace of turnover. For a seller, the modest appreciation over the past year paired with active price adjustments signals a balanced market where pricing strategy matters.

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Down payment20% · $50,678

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Common questions

What people ask us.

What is the typical home value in 49548?

The typical home value is $253,388, up 3.1% over the past year as of September 2026.

How many homes are currently for sale in this area?

There are 31 homes for sale as of September 2026, with 22 new listings during that month.

How long do homes typically stay on the market?

The median days on market is 31 as of September 2026.

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