Grand Rapids, MI Home Values & Market Trends
Real estate market trends reflect that there have been 5,137 transactions over the past year in Grand Rapids. The median value for residential home transactions that occurred over the previous year is $328,641. The number of current listings in Grand Rapids is 6,286, and the percentage of properties for sale in the city is 6286.00%. Grand Rapids, MI currently has 80 properties in foreclosure, 15 bank owned properties, 65 properties headed for auction, and 6,286 properties for sale.
Grand Rapids, MI Real Estate Market Overview
| Zip | Median Est. Value | Zip | Median Est. Value |
|---|---|---|---|
| 49507 | $ 255,852 $ 206/sqft | 49548 | $ 251,676 $ 243/sqft |
| 49504 | $ 292,500 $ 225/sqft | 49546 | $ 513,567 $ 285/sqft |
| 49506 | $ 427,133 $ 282/sqft | 49512 | $ 368,427 $ 232/sqft |
| 49505 | $ 312,007 $ 253/sqft | 49534 | $ 376,346 $ 262/sqft |
| 49508 | $ 348,650 $ 225/sqft | 49544 | $ 313,641 $ 232/sqft |
| 49503 | $ 296,699 $ 232/sqft | 49560 | $ -- $ -- |
| 49525 | $ 400,950 $ 289/sqft |
Housing Market Summary for Grand Rapids, MI
| Oct 2025 | October 2026 | Change | |
|---|---|---|---|
| Median Listing Price | $315.8K | $319.3K | 1.11% |
| Median Sold Price | $345.9K | $344.3K | -0.45% |
| Homes For Sale | 3,434 | 6,287 | 83.08% |
| Homes Sold | 2,338 | 1,880 | -19.59% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Grand Rapids, MI
Browse Homes in Grand Rapids, MI
Grand Rapids home values range from $36,388 to $5,245,923. The median estimated value of a home in Grand Rapids is $328,641. The median list price of a home is 319,160.662, and the total count of properties in the city is 8,302.
- Pre-ForeclosurePre-foreclosure homes account for 0% of all residential properties in Grand Rapids, MI with $[pre-foreclosures-highest-count-region] containing 0 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There are 13 zips within Grand Rapids, MI; of those zips, the estimated home value for pre-foreclosure homes ranges from $0 in N/A to the lowest home value of $0 in $[pre-foreclosures-lowest-avm-region].
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Grand Rapids, MI ranges from the highest value of $293,459 in 49504 to the lowest value of $140,000 in 49507. Bank owned homes and properties account for 0.18% of properties in Grand Rapids, MI. There are 13 zips within Grand Rapids, MI; 49507 containing 6 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions49504 has 10 auction properties, the highest number of properties going to auction in a single zip in the state of Grand Rapids, MI. Auction homes and other auction properties account for 0.78% of all properties in Grand Rapids, MI. There are 13 zips within Grand Rapids, MI; of those zips, the median estimated home value for homes going to auction ranges from $400,617 in 49506 to the lowest value of $118,902 in 49506.
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More Real Estate Resources for Grand Rapids, MI
Guide for Grand Rapids, MI
Foreclosure is a term that can sometimes lead to confusion for those looking to make a real estate investment. In simple terms, it refers to the process where a lender takes possession of a property after the owner fails to keep up with their mortgage payments. When it comes to land, this means that buyers […]
Descubre todo lo que necesitas saber sobre cómo comprar una casa en ejecución hipotecaria.
Learn how to buy a foreclosed home in Chicago, Illinois.
Tips to find a home in pre-foreclosure and get a good deal on a new home.
