Grand Rapids, MI 49503 Housing Market
- Active listings46currently for sale
- Pending sales7under contract
- Median asking price$264,950current listings
- Listing age59 daysmedian time Resideline has been seeing the current listings
- Closed sales tracked (6 mo)332a tracked sample, not a market total
- Median sold price$300,000last 6 months
- Middle half of sold prices$237k to $400k25th to 75th percentile
What the numbers say
As of September 14, 2026, Resideline is tracking 46 active listings and 7 pending sales in ZIP code 49503. That pending-to-active ratio of 0.15 points to a balanced market: buyers have room to compare options and negotiate.
The median asking price of current listings is $264,950, while the median of the 332 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 59 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 332 closed sales tracked by Resideline. The middle half of those sales ranged from $237,000 to $400,000.
Is 49503 a buyer's or seller's market?
Resideline is currently tracking 7 pending sales against 46 active listings in 49503, a pending-to-active ratio of 0.15. 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
- 49506 Grand Rapids, MI
- 49507 Grand Rapids, MI
- 48439 Grand Blanc, MI
- 48843 Howell, MI
- 48044 Macomb, MI
- 48188 Canton, MI