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Grand Rapids, MI 49507 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: 0.12
ActiveActive listings: 3333PendingPending 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): $250k$250kSoldMedian sold price (last 6 months): $248k$248k
What homes actually sell for in Grand Rapids, MI
Distribution of 316 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $206k to $300k
$125k to $157k: 17 sales$125k$157k to $189k: 19 sales$189k to $221k: 54 sales$189k$221k to $252k: 62 sales62sales$252k to $284k: 51 sales$252k$284k to $316k: 41 sales$316k to $348k: 24 sales$316k$348k to $380k: 17 salesMedian $248k

What the numbers say

As of October 5, 2026, Resideline is tracking 33 active listings and 4 pending sales in ZIP code 49507. That pending-to-active ratio of 0.12 points to a balanced market: buyers have room to compare options and negotiate.

The median asking price of current listings is $250,000, while the median of the 316 closed sales Resideline tracked over the last six months was $248,000. 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 49507 for 79 days.

Frequently asked questions

What is the median home price in 49507?

The median closed sale price in Grand Rapids, MI 49507 was $248,000 over the last six months, based on 316 closed sales tracked by Resideline. The middle half of those sales ranged from $206,000 to $300,000.

Is 49507 a buyer's or seller's market?

Resideline is currently tracking 4 pending sales against 33 active listings in 49507, a pending-to-active ratio of 0.12. 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, 49507 currently looks like a balanced market.

Nearby ZIP code market data

Full Grand Rapids, MI housing market report →

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