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Grand Rapids, MI 49503 Housing Market

Data snapshot: October 5, 2026. Closed-sale window: last 6 months.
Grand Rapids, MI inventory balance
Homes for sale vs homes under contract. Pending-to-active ratio: 0.21
ActiveActive listings: 4242PendingPending sales: 99
Grand Rapids, MI: what sellers ask vs what buyers pay
Median asking price of current listings vs median closed sale price over the last six months
AskingMedian asking price (current listings): $317k$317kSoldMedian sold price (last 6 months): $290k$290k
What homes actually sell for in Grand Rapids, MI
Distribution of 309 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $230k to $385k
$150k to $219k: 49 sales$150k$219k to $287k: 84 sales84sales$287k to $356k: 68 sales$287k$356k to $425k: 41 sales$425k to $494k: 13 sales$425k$494k to $562k: 11 sales$562k to $631k: 8 sales$562k$631k to $700k: 4 salesMedian $290k

What the numbers say

As of October 5, 2026, Resideline is tracking 42 active listings and 9 pending sales in ZIP code 49503. That pending-to-active ratio of 0.21 points to a balanced market: buyers have room to compare options and negotiate.

The median asking price of current listings is $317,000, while the median of the 309 closed sales Resideline tracked over the last six months was $290,000. Those two figures describe different sets of homes, so any gap between them reflects the mix of what is listed now versus what recently sold, not a negotiating discount. Resideline has been seeing the median active listing in 49503 for 72 days.

Frequently asked questions

What is the median home price in 49503?

The median closed sale price in Grand Rapids, MI 49503 was $290,000 over the last six months, based on 309 closed sales tracked by Resideline. The middle half of those sales ranged from $229,900 to $385,000.

Is 49503 a buyer's or seller's market?

Resideline is currently tracking 9 pending sales against 42 active listings in 49503, a pending-to-active ratio of 0.21. Ratios of 0.6 or higher usually indicate a seller's market, 0.35 to 0.6 a competitive market, and lower values a more balanced one. By that yardstick, 49503 currently looks like a balanced market.

Nearby ZIP code market data

Full Grand Rapids, MI housing market report →

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