Grand Rapids, MI 49506 Real Estate & Property Data

Grand Rapids, MI 49506 Real Estate Market Trends
Last Updated: April 22, 2025

A total of 581 residential properties have been sold over the past 12 months in 49506. With a median sales price of $391,000 in 49506. Discover market trends and get the granular level real estate data for Grand Rapids, MI 49506 to keep your pulse on the housing market. Curate compelling home reports for Grand Rapids, MI 49506 from reliable property records is easy using the ATTOM platform as a source for state-of-the-art property reports.

Grand Rapids, MI 49506 Real Estate Market Trends
Total Residential Properties 10,842
Total Commercial Properties 483
Avg. Home Age (Single Family Home) 80 Years
Avg. Square Feet (Single Family Home) 1,912
Total 2025 Residential Sales (year-to-date) 79
% of Homes Seriously Underwater (Q2 2025) 1.35%
Total 2024 Residential Sales 539
% of Equity Rich Homes (Q2 2025) 49.58%
Effective 2024 Property Tax 1.09%
Total Foreclosure Filings (year-to-date) 1
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Grand Rapids, MI 49506 Real Estate Overview

There were 581 residential properties sold in the past year in Grand Rapids, MI 49506. The median home value in Grand Rapids, MI 49506 is $406,789. There are a total of 10,842 residential properties in the 49506.

Median Sales Price i
$391,000
(Feb 2025)
-5.8%
year-over-year
y-o-y
  • February '25 Feb '25 $391,000
  • January '25 Jan '25 $337,500
  • December '24 Dec '24 $350,250
  • November '24 Nov '24 $339,250
  • October '24 Oct '24 $349,900
  • September '24 Sep '24 $375,000
  • August '24 Aug '24 $350,000
  • July '24 Jul '24 $378,450
  • June '24 Jun '24 $396,500
  • May '24 May '24 $434,950
  • April '24 Apr '24 $421,100
  • March '24 Mar '24 $418,050
Median Down Payment i
$73,200
(Feb 2025)
+176.2%
year-over-year
y-o-y
  • February '25 Feb '25 $73,200
  • January '25 Jan '25 $63,500
  • December '24 Dec '24 $31,495
  • November '24 Nov '24 $66,700
  • October '24 Oct '24 $66,000
  • September '24 Sep '24 $57,200
  • August '24 Aug '24 $58,575
  • July '24 Jul '24 $32,000
  • June '24 Jun '24 $68,225
  • May '24 May '24 $68,000
  • April '24 Apr '24 $70,200
  • March '24 Mar '24 $84,650
Number of Homes Sold i
36
(Feb 2025)
+9.1%
year-over-year
y-o-y
  • February '25 Feb '25 36
  • January '25 Jan '25 43
  • December '24 Dec '24 57
  • November '24 Nov '24 41
  • October '24 Oct '24 51
  • September '24 Sep '24 43
  • August '24 Aug '24 49
  • July '24 Jul '24 46
  • June '24 Jun '24 42
  • May '24 May '24 56
  • April '24 Apr '24 44
  • March '24 Mar '24 40
Number of Purchase Loans i
23
(Feb 2025)
-11.5%
year-over-year
y-o-y
  • February '25 Feb '25 23
  • January '25 Jan '25 35
  • December '24 Dec '24 28
  • November '24 Nov '24 40
  • October '24 Oct '24 38
  • September '24 Sep '24 40
  • August '24 Aug '24 35
  • July '24 Jul '24 40
  • June '24 Jun '24 31
  • May '24 May '24 39
  • April '24 Apr '24 41
  • March '24 Mar '24 28
Number of REFI Loans i
9
(Feb 2025)
-30.8%
year-over-year
y-o-y
  • February '25 Feb '25 9
  • January '25 Jan '25 20
  • December '24 Dec '24 19
  • November '24 Nov '24 21
  • October '24 Oct '24 29
  • September '24 Sep '24 24
  • August '24 Aug '24 14
  • July '24 Jul '24 24
  • June '24 Jun '24 24
  • May '24 May '24 16
  • April '24 Apr '24 20
  • March '24 Mar '24 6
Number of HELOC Loans i
23
(Feb 2025)
+64.3%
year-over-year
y-o-y
  • February '25 Feb '25 23
  • January '25 Jan '25 26
  • December '24 Dec '24 24
  • November '24 Nov '24 31
  • October '24 Oct '24 31
  • September '24 Sep '24 19
  • August '24 Aug '24 34
  • July '24 Jul '24 29
  • June '24 Jun '24 25
  • May '24 May '24 21
  • April '24 Apr '24 19
  • March '24 Mar '24 19

Grand Rapids, MI 49506 Foreclosure Activity

Total Foreclosure Filings i
  • February '25 Feb '25 N/A
  • January '25 Jan '25 1
  • December '24 Dec '24 1
  • November '24 Nov '24 2
  • October '24 Oct '24 1
  • September '24 Sep '24 N/A
  • August '24 Aug '24 1
  • July '24 Jul '24 N/A
  • June '24 Jun '24 4
  • May '24 May '24 2
  • April '24 Apr '24 1
  • March '24 Mar '24 1
Foreclosure Starts i
  • February '25 Feb '25 N/A
  • January '25 Jan '25 1
  • December '24 Dec '24 1
  • November '24 Nov '24 2
  • October '24 Oct '24 1
  • September '24 Sep '24 N/A
  • August '24 Aug '24 1
  • July '24 Jul '24 N/A
  • June '24 Jun '24 4
  • May '24 May '24 2
  • April '24 Apr '24 1
  • March '24 Mar '24 1
Completed Foreclosures (REOs) i
  • February '25 Feb '25 N/A
  • January '25 Jan '25 N/A
  • December '24 Dec '24 N/A
  • November '24 Nov '24 N/A
  • October '24 Oct '24 N/A
  • September '24 Sep '24 N/A
  • August '24 Aug '24 N/A
  • July '24 Jul '24 N/A
  • June '24 Jun '24 N/A
  • May '24 May '24 1
  • April '24 Apr '24 N/A
  • March '24 Mar '24 N/A
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