Is Grand Rapids, MI 49505 a buyer’s or seller’s market?

Seller’s market 3 months ending August 31, 2026 · Source: Redfin

Grand Rapids is a seller’s market. With about 1.2 months of supply and 53% 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 supply1.2Under 4 months = seller’s market

Sold above original list52.7%Share of sales, last 3 months

Median sale-to-list102.2%Sold price ÷ list price

Median days on market6Listing to accepted offer

Median price per sq ft$214▲ +8.7% vs. last year

Run the numbers for 49505

Prefilled for 49505Can I win this house?Multiple-offer likelihood for a listing Prefilled for 49505Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Ada 49301Seller’s market $273 /sq ft Alto 49302Seller’s market $216 /sq ft Belmont 49306Seller’s market $214 /sq ft Byron 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