Is Grand Rapids, MI 49503 a buyer’s or seller’s market?
Grand Rapids is a seller’s market. With about 2.7 months of supply and 37% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
Months of supply2.7Under 4 months = seller’s market
Sold above original list37.2%Share of sales, last 3 months
Median sale-to-list99.8%Sold price ÷ list price
Median days on market13Listing to accepted offer
Median price per sq ft$211▼ −4.7% vs. last year
Run the numbers for 49503
Nearby markets
Ada 49301Seller’s market $273 /sq ftAlto 49302Seller’s market $216 /sq ftBelmont 49306Seller’s market $214 /sq ftByron Center 49315Seller’s market $225 /sq ft Browse all markets →Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology