Is Grand Rapids, MI 49506 a buyer’s or seller’s market?

The Grand Rapids housing market right now

In the three months ending August 31, 2026, 41% of homes in Grand Rapids, MI 49506 sold above their list price, the typical home went under contract in 7 days and there were 1.5 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 172 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 37%, homes sold faster (10 days then) and the median sale price rose 7% to $460,401. Overall, Grand Rapids is more competitive than a year ago, so tougher for buyers.

Within Kent County, homes here sell faster than in 50% of the county’s ZIP codes, and sell more often over asking than in 54%. On our competition score, Grand Rapids ranks #36 of 510 MI ZIP codes with enough sales (score 86 out of 100).

Nearby, buyers who want less competition could look at Sand Lake 49343 (22% sold over asking) or Caledonia 49316 (28% sold over asking), while Wyoming 49509 (63% sold over asking) and Grand Rapids 49507 (59% sold over asking) are even more competitive.