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Millbrook

GRAND RAPIDS, MI 49508

Real Estate Market Report  ·  Kent County
Balanced Market
February 2026  ·  Source: Realtor.com

Neighborhoods in ZIP 49508

Millbrook

Market Analysis

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

The GRAND RAPIDS, MI real estate market (49508) currently shows 55 active listings, with 36 pending sales. Homes are averaging 39 days on the market before going under contract.

Inventory has tightened compared to last year, with 16 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 39 days on market compared to 35 days last year.

The median listing price has risen 5.9% year-over-year, from $337,450 to $357,400.

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: 42,515  ·  Density: 1,394.1/mi²  ·  Median household income: $62,183

Typical home value: $224,941  ·  Homeownership: 59.1%

Market Overview

Active Listings
55
⇩ 22.5% vs 71 last year
Pending
36
65% pending ratio
Median Price
$357,400
⇧ 5.9% vs $337,450 last year
Average Price
$333,702
⇧ 4% vs $320,859 last year
Days on Market
39
⇧ 11.4% vs 35 days last year

Price Per Square Foot

Median $/sqft
$185
⇧ 5.7% vs $175/sqft last year
Median Home Size
1,831 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 55 this year vs 71 last year
  • Days on market: 39 now vs 35 last year

Median & Average Pricing

Year over Year
  • Median: $357,400 (+5.9% YoY)
  • Average: $333,702 (+4% 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 — 689 listings ($294,592,923 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
49508Grand Rapids, MI 495080.0 mi56$19,131,112$349,900$341,627
49509Wyoming, MI 495093.8 mi29$6,649,700$240,200$229,300
49507Grand Rapids, MI 495074.1 mi92$23,038,824$250,500$250,422
49519Wyoming, MI 495195.0 mi30$8,718,000$287,450$290,600
49503Grand Rapids, MI 495036.3 mi92$36,497,780$275,000$396,715
49418Grandville, MI 494187.4 mi72$37,329,912$445,000$518,471
49504Grand Rapids, MI 495048.4 mi74$26,408,158$299,000$356,867
49525Grand Rapids, MI 4952510.3 mi49$29,524,019$399,900$602,531
49534Grand Rapids, MI 4953410.6 mi35$16,709,595$467,135$477,417
49302Alto, MI 4930212.1 mi29$24,978,483$675,000$861,327
49348Wayland, MI 4934813.2 mi25$12,231,425$399,950$489,257
49426Hudsonville, MI 4942613.4 mi81$44,115,840$529,900$544,640
49321Comstock Park, MI 4932114.0 mi25$9,260,075$387,450$370,403

Frequently Asked Questions

How many homes are for sale in GRAND RAPIDS, MI 49508?

As of February 2026, there are 55 active listings in GRAND RAPIDS, MI (zip code 49508), compared to 71 the prior year.

What is the median home price in GRAND RAPIDS, MI 49508?

The median listing price in GRAND RAPIDS, MI 49508 is $357,400 as of February 2026, a 5.9% increase from $337,450 the prior year.

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

Homes in GRAND RAPIDS, MI 49508 spend an average of 39 days on the market before going under contract, compared to 35 days the prior year.

Is it a seller's or buyer's market in GRAND RAPIDS, MI 49508?

Based on current inventory and days-on-market data as of February 2026, GRAND RAPIDS, MI 49508 is currently a Balanced Market. Inventory has tightened compared to last year, with 16 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 39 days on market compared to 35 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 49508 save an estimated $7,148 compared to a typical 5% commission on the median listing price of $357,400. 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.