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Grand Rapids, MI 49506 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: 0.11
ActiveActive listings: 3535PendingPending 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): $385k$385kSoldMedian sold price (last 6 months): $440k$440k
What homes actually sell for in Grand Rapids, MI
Distribution of 358 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $348k to $692k
$220k to $380k: 96 sales$220k$380k to $540k: 114 sales114sales$540k to $700k: 42 sales$540k$700k to $860k: 21 sales$860k to $1.02M: 24 sales$860k$1.02M to $1.18M: 12 sales$1.18M to $1.34M: 9 sales$1.18M$1.34M to $1.5M: 4 salesMedian $440k

What the numbers say

As of October 26, 2026, Resideline is tracking 35 active listings and 4 pending sales in ZIP code 49506. That pending-to-active ratio of 0.11 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 $385,000, while the median of the 358 closed sales Resideline tracked over the last six months was $440,000. 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 76 days.

Frequently asked questions

What is the median home price in 49506?

The median closed sale price in Grand Rapids, MI 49506 was $440,000 over the last six months, based on 358 closed sales tracked by Resideline. The middle half of those sales ranged from $348,000 to $692,000.

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

Resideline is currently tracking 4 pending sales against 35 active listings in 49506, a pending-to-active ratio of 0.11. 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, 49506 is currently a typical-pace market.

Nearby ZIP code market data

Full Grand Rapids, MI housing market report →

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