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GRAND RAPIDS, MI 49503

Real Estate Market Report
Buyer's Market
February 2026  ·  Source: Realtor.com

Neighborhoods in ZIP 49503

Belknap Lookout · Black Hills · Center City · Cherry (Diamond) · Division South · East Hills · Franklin (Eastern) · Fulton Heights · Heartside · Heritage Hill · Highland Park · Michigan Oaks · Michigan Street · Midtown · Monroe North · North East Citizens Action · Roosevelt Park · South East Community · South Hill · Wealthy

Market Analysis

Data as of February 2026. Source: Realtor.com.

The GRAND RAPIDS, MI real estate market (49503) currently shows 84 active listings, with 29 pending sales. Homes are averaging 94 days on the market before going under contract.

Inventory has increased compared to last year, with 12 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 94 days on market compared to 79 days last year.

The median listing price has fallen 26.4% year-over-year, from $358,675 to $263,925.

Whether you are buying or selling in GRAND RAPIDS, MI, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 37,471  ·  Density: 1,993.0/mi²  ·  Median household income: $58,165

Typical home value: $200,678  ·  Homeownership: 37.6%

Market Overview

Active Listings
84
⇧ 16.7% vs 72 last year
Pending
29
35% pending ratio
Median Price
$263,925
⇩ 26.4% vs $358,675 last year
Average Price
$369,378
⇩ 22.2% vs $474,724 last year
Days on Market
94
⇧ 19% vs 79 days last year

Price Per Square Foot

Median $/sqft
$229
⇩ 29.5% vs $325/sqft last year
Median Home Size
1,307 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 84 this year vs 72 last year
  • Days on market: 94 now vs 79 last year

Median & Average Pricing

Year over Year
  • Median: $263,925 (-26.4% YoY)
  • Average: $369,378 (-22.2% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 14.0 miles — 640 listings ($312,154,542 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
49503Grand Rapids, MI 495030.0 mi92$36,497,780$275,000$396,715
49506Grand Rapids, MI 495062.6 mi64$48,970,752$549,900$765,168
49504Grand Rapids, MI 495042.8 mi74$26,408,158$299,000$356,867
49525Grand Rapids, MI 495255.3 mi49$29,524,019$399,900$602,531
49508Grand Rapids, MI 495086.3 mi56$19,131,112$349,900$341,627
49534Grand Rapids, MI 495346.6 mi35$16,709,595$467,135$477,417
49544Grand Rapids, MI 495447.1 mi6$2,099,898$302,500$349,983
49512Grand Rapids, MI 495127.9 mi50$19,007,300$349,700$380,146
49306Belmont, MI 493068.8 mi13$7,691,229$548,999$591,633
49428Jenison, MI 494289.5 mi29$12,919,732$365,000$445,508
49315Byron Center, MI 4931511.8 mi75$43,666,500$539,015$582,220
49345Sparta, MI 4934513.4 mi24$11,490,576$534,900$478,774
49341Rockford, MI 4934114.0 mi73$38,037,891$502,681$521,067

Frequently Asked Questions

How many homes are for sale in GRAND RAPIDS, MI 49503?

As of February 2026, there are 84 active listings in GRAND RAPIDS, MI (zip code 49503), compared to 72 the prior year.

What is the median home price in GRAND RAPIDS, MI 49503?

The median listing price in GRAND RAPIDS, MI 49503 is $263,925 as of February 2026, a 26.4% decrease from $358,675 the prior year.

How long do homes stay on the market in GRAND RAPIDS, MI?

Homes in GRAND RAPIDS, MI 49503 spend an average of 94 days on the market before going under contract, compared to 79 days the prior year.

Is it a seller's or buyer's market in GRAND RAPIDS, MI 49503?

Based on current inventory and days-on-market data as of February 2026, GRAND RAPIDS, MI 49503 is currently a Buyer's Market. Inventory has increased compared to last year, with 12 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 94 days on market compared to 79 days last year.

How much can I save on real estate commission in GRAND RAPIDS, MI?

With SELL123.com's maximum 3% commission, sellers in GRAND RAPIDS, MI 49503 save an estimated $5,279 compared to a typical 5% commission on the median listing price of $263,925. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.