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Grand Rapids, MI 49503 Housing Market

Data snapshot: October 26, 2026. Closed-sale window: last 6 months.
Grand Rapids, MI inventory balance
Homes for sale vs homes under contract. Pending-to-active ratio: 0.09
ActiveActive listings: 4545PendingPending sales: 44
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): $300k$300kSoldMedian sold price (last 6 months): $300k$300k
What homes actually sell for in Grand Rapids, MI
Distribution of 282 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $232k to $385k
$134k to $204k: 27 sales$134k$204k to $275k: 73 sales$275k to $346k: 74 sales74sales$275k$346k to $417k: 44 sales$417k to $488k: 14 sales$417k$488k to $558k: 10 sales$558k to $629k: 7 sales$558k$629k to $700k: 4 salesMedian $300k

What the numbers say

As of October 26, 2026, Resideline is tracking 45 active listings and 4 pending sales in ZIP code 49503. That pending-to-active ratio of 0.09 makes it a typical-pace market: listings are going under contract at about the pace of most ZIP codes Resideline tracks.

The median asking price of current listings is $300,000, while the median of the 282 closed sales Resideline tracked over the last six months was $300,000. 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 79 days.

Frequently asked questions

What is the median home price in 49503?

The median closed sale price in Grand Rapids, MI 49503 was $300,000 over the last six months, based on 282 closed sales tracked by Resideline. The middle half of those sales ranged from $231,754 to $385,000.

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

Resideline is currently tracking 4 pending sales against 45 active listings in 49503, a pending-to-active ratio of 0.09. Resideline tracks a sample of pending sales, so the ratio is most useful as a comparison: across the 3,777 ZIP codes Resideline tracks, the middle half run from 0.05 to 0.11. A higher ratio means listings go under contract faster, which usually favors sellers; a lower one gives buyers more room. By that comparison, 49503 is currently a typical-pace market.

Nearby ZIP code market data

Full Grand Rapids, MI housing market report →

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