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Grand Rapids, MI 49506 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: 0.23
ActiveActive listings: 3131PendingPending sales: 77
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): $400k$400kSoldMedian sold price (last 6 months): $445k$445k
What homes actually sell for in Grand Rapids, MI
Distribution of 355 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $355k to $692k
$220k to $380k: 94 sales$220k$380k to $540k: 115 sales115sales$540k to $700k: 43 sales$540k$700k to $860k: 20 sales$860k to $1.02M: 25 sales$860k$1.02M to $1.18M: 13 sales$1.18M to $1.34M: 9 sales$1.18M$1.34M to $1.5M: 3 salesMedian $445k

What the numbers say

As of October 5, 2026, Resideline is tracking 31 active listings and 7 pending sales in ZIP code 49506. That pending-to-active ratio of 0.23 points to a balanced market: buyers have room to compare options and negotiate.

The median asking price of current listings is $400,000, while the median of the 355 closed sales Resideline tracked over the last six months was $445,000. 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 49506 for 61 days.

Frequently asked questions

What is the median home price in 49506?

The median closed sale price in Grand Rapids, MI 49506 was $445,000 over the last six months, based on 355 closed sales tracked by Resideline. The middle half of those sales ranged from $355,000 to $692,000.

Is 49506 a buyer's or seller's market?

Resideline is currently tracking 7 pending sales against 31 active listings in 49506, a pending-to-active ratio of 0.23. 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, 49506 currently looks like a balanced market.

Nearby ZIP code market data

Full Grand Rapids, MI housing market report →

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