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All market snapshots / 49507

Grand Rapids, MI 49507 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: 0.06
ActiveActive listings: 3131PendingPending sales: 22
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): $240k$240kSoldMedian sold price (last 6 months): $250k$250k
What homes actually sell for in Grand Rapids, MI
Distribution of 303 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $207k to $300k
$120k to $153k: 16 sales$120k$153k to $185k: 17 sales$185k to $218k: 46 sales$185k$218k to $250k: 59 sales59sales$250k to $283k: 53 sales$250k$283k to $316k: 41 sales$316k to $348k: 24 sales$316k$348k to $381k: 16 salesMedian $250k

What the numbers say

As of October 26, 2026, Resideline is tracking 31 active listings and 2 pending sales in ZIP code 49507. That pending-to-active ratio of 0.06 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 $240,000, while the median of the 303 closed sales Resideline tracked over the last six months was $250,000. 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 95 days.

Frequently asked questions

What is the median home price in 49507?

The median closed sale price in Grand Rapids, MI 49507 was $250,000 over the last six months, based on 303 closed sales tracked by Resideline. The middle half of those sales ranged from $207,000 to $300,000.

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

Resideline is currently tracking 2 pending sales against 31 active listings in 49507, a pending-to-active ratio of 0.06. 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, 49507 is currently a typical-pace market.

Nearby ZIP code market data

Full Grand Rapids, MI housing market report →

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