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Grand Rapids, MI 49503 Real Estate & Property Data

Grand Rapids, MI 49503 Real Estate Market Trends

Last Updated: August 30, 2025

A total of 561 residential properties have been sold over the past 12 months in 49503. With a median sales price of $299,900 in 49503 and a total of 3 foreclosures in Grand Rapids, MI 49503. Discover market trends and get the granular level real estate data for Grand Rapids, MI 49503 to keep your pulse on the housing market. Curate compelling home reports for Grand Rapids, MI 49503 from reliable property records is easy using the ATTOM platform as a source for state-of-the-art property reports.

Grand Rapids, MI 49503 Real Estate Market Trends

Get property data for any address in Grand Rapids, MI 49503 or the country:

Total Residential Properties 10,112

Total Commercial Properties 1,881

Avg. Home Age (Single Family Home) 89 Years

Avg. Square Feet (Single Family Home) 1,619

Total 2025 Residential Sales (year-to-date) 257

% of Homes Seriously Underwater (Q3 2025) 1.16%

Total 2024 Residential Sales 552

% of Equity Rich Homes (Q3 2025) 42.83%

Effective 2024 Property Tax 0.75%

Total Foreclosure Filings (year-to-date) 10

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Grand Rapids, MI 49503 Real Estate Overview

There were 561 residential properties sold in the past year in Grand Rapids, MI 49503. The median home value in Grand Rapids, MI 49503 is $308,880. There are a total of 10,112 residential properties in the 49503.

Median Sales Price i

$299,900

(Jun 2025)

-1.2%

year-over-year

y-o-y

June '25 Jun '25 $299,900
May '25 May '25 $285,000
April '25 Apr '25 $255,000
March '25 Mar '25 $280,000
February '25 Feb '25 $257,500
January '25 Jan '25 $295,000
December '24 Dec '24 $260,500
November '24 Nov '24 $325,000
October '24 Oct '24 $269,900
September '24 Sep '24 $291,250
August '24 Aug '24 $251,000
July '24 Jul '24 $265,000

Median Down Payment i

$37,000

(Jun 2025)

+42.9%

year-over-year

y-o-y

June '25 Jun '25 $37,000
May '25 May '25 $33,180
April '25 Apr '25 $15,500
March '25 Mar '25 $51,500
February '25 Feb '25 $20,500
January '25 Jan '25 $41,000
December '24 Dec '24 $20,700
November '24 Nov '24 $55,000
October '24 Oct '24 $23,800
September '24 Sep '24 $30,000
August '24 Aug '24 $8,675
July '24 Jul '24 $21,252

Number of Homes Sold i

53

(Jun 2025)

+26.2%

year-over-year

y-o-y

June '25 Jun '25 53
May '25 May '25 56
April '25 Apr '25 45
March '25 Mar '25 36
February '25 Feb '25 29
January '25 Jan '25 38
December '24 Dec '24 42
November '24 Nov '24 45
October '24 Oct '24 54
September '24 Sep '24 47
August '24 Aug '24 28
July '24 Jul '24 46

Number of Purchase Loans i

41

(Jun 2025)

+32.3%

year-over-year

y-o-y

June '25 Jun '25 41
May '25 May '25 43
April '25 Apr '25 36
March '25 Mar '25 27
February '25 Feb '25 18
January '25 Jan '25 31
December '24 Dec '24 38
November '24 Nov '24 33
October '24 Oct '24 37
September '24 Sep '24 42
August '24 Aug '24 24
July '24 Jul '24 36

Number of REFI Loans i

13

(Jun 2025)

+62.5%

year-over-year

y-o-y

June '25 Jun '25 13
May '25 May '25 22
April '25 Apr '25 22
March '25 Mar '25 5
February '25 Feb '25 13
January '25 Jan '25 13
December '24 Dec '24 15
November '24 Nov '24 13
October '24 Oct '24 29
September '24 Sep '24 9
August '24 Aug '24 20
July '24 Jul '24 16

Number of HELOC Loans i

9

(Jun 2025)

-47.1%

year-over-year

y-o-y

June '25 Jun '25 9
May '25 May '25 22
April '25 Apr '25 14
March '25 Mar '25 16
February '25 Feb '25 6
January '25 Jan '25 9
December '24 Dec '24 11
November '24 Nov '24 12
October '24 Oct '24 14
September '24 Sep '24 17
August '24 Aug '24 17
July '24 Jul '24 13

Grand Rapids, MI 49503 Real Estate Market Overview

Last 30 days

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Grand Rapids, MI 49503 Foreclosure Activity

There were a total of 3 Grand Rapids, MI 49503 properties with a foreclosure filing in June 2025.

Total Foreclosure Filings i

3

(Jun 2025)

year-over-year

y-o-y

June '25 Jun '25 3
May '25 May '25 1
April '25 Apr '25 1
March '25 Mar '25 1
February '25 Feb '25 1
January '25 Jan '25 3
December '24 Dec '24 1
November '24 Nov '24 4
October '24 Oct '24 3
September '24 Sep '24 1
August '24 Aug '24 2
July '24 Jul '24 3

Foreclosure Starts i

3

(Jun 2025)

year-over-year

y-o-y

June '25 Jun '25 3
May '25 May '25 1
April '25 Apr '25 1
March '25 Mar '25 1
February '25 Feb '25 1
January '25 Jan '25 3
December '24 Dec '24 1
November '24 Nov '24 4
October '24 Oct '24 3
September '24 Sep '24 1
August '24 Aug '24 2
July '24 Jul '24 3

Completed Foreclosures (REOs) i

June '25 Jun '25 N/A
May '25 May '25 N/A
April '25 Apr '25 N/A
March '25 Mar '25 1
February '25 Feb '25 N/A
January '25 Jan '25 N/A
December '24 Dec '24 N/A
November '24 Nov '24 1
October '24 Oct '24 N/A
September '24 Sep '24 N/A
August '24 Aug '24 N/A
July '24 Jul '24 1

Nearby Zip Codes

1. 49504
2. 49505
3. 49506
4. 49507
5. 49508
6. 49512

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