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Grand Rapids, MI 49504 Real Estate & Property Data

Grand Rapids, MI 49504 Real Estate Market Trends

Last Updated: April 23, 2024

A total of 740 residential properties have been sold over the past 12 months in 49504. With a median sales price of $273,500 in 49504 and a total of 5 foreclosures in Grand Rapids, MI 49504. Discover market trends and get the granular level real estate data for Grand Rapids, MI 49504 to keep your pulse on the housing market. Curate compelling home reports for Grand Rapids, MI 49504 from reliable property records is easy using the ATTOM platform as a source for state-of-the-art property reports.

Grand Rapids, MI 49504 Real Estate Market Trends

Get property data for any address in Grand Rapids, MI 49504 or the country:

Total Residential Properties 13,363

Total Commercial Properties 1,060

Avg. Home Age (Single Family Home) 78 Years

Avg. Square Feet (Single Family Home) 1,485

Total 2024 Residential Sales (year-to-date) 83

% of Homes Seriously Underwater (Q2 2024) 1.32%

Total 2023 Residential Sales 694

% of Equity Rich Homes (Q2 2024) 47.71%

Effective 2023 Property Tax 0.79%

Total Foreclosure Filings (year-to-date) 8

Grand Rapids, MI 49504 Real Estate Overview

There were 740 residential properties sold in the past year in Grand Rapids, MI 49504. The median home value in Grand Rapids, MI 49504 is $274,844. There are a total of 13,363 residential properties in the 49504.

Median Sales Price i

$273,500

(Feb 2024)

+19.5%

year-over-year

y-o-y

February '24 Feb '24 $273,500
January '24 Jan '24 $255,000
December '23 Dec '23 $265,300
November '23 Nov '23 $245,000
October '23 Oct '23 $277,250
September '23 Sep '23 $274,000
August '23 Aug '23 $270,000
July '23 Jul '23 $277,500
June '23 Jun '23 $275,000
May '23 May '23 $273,500
April '23 Apr '23 $284,000
March '23 Mar '23 $247,000

Median Down Payment i

$23,275

(Feb 2024)

+20.1%

year-over-year

y-o-y

February '24 Feb '24 $23,275
January '24 Jan '24 $25,000
December '23 Dec '23 $33,750
November '23 Nov '23 $24,000
October '23 Oct '23 $18,500
September '23 Sep '23 $28,750
August '23 Aug '23 $30,500
July '23 Jul '23 $41,710
June '23 Jun '23 $24,295
May '23 May '23 $26,300
April '23 Apr '23 $16,950
March '23 Mar '23 $24,700

Number of Homes Sold i

41

(Feb 2024)

-12.8%

year-over-year

y-o-y

February '24 Feb '24 41
January '24 Jan '24 42
December '23 Dec '23 53
November '23 Nov '23 54
October '23 Oct '23 54
September '23 Sep '23 66
August '23 Aug '23 73
July '23 Jul '23 61
June '23 Jun '23 66
May '23 May '23 64
April '23 Apr '23 55
March '23 Mar '23 64

Number of Purchase Loans i

33

(Feb 2024)

-8.3%

year-over-year

y-o-y

February '24 Feb '24 33
January '24 Jan '24 35
December '23 Dec '23 36
November '23 Nov '23 41
October '23 Oct '23 41
September '23 Sep '23 51
August '23 Aug '23 60
July '23 Jul '23 51
June '23 Jun '23 48
May '23 May '23 51
April '23 Apr '23 42
March '23 Mar '23 46

Number of REFI Loans i

19

(Feb 2024)

-40.6%

year-over-year

y-o-y

February '24 Feb '24 19
January '24 Jan '24 22
December '23 Dec '23 17
November '23 Nov '23 23
October '23 Oct '23 21
September '23 Sep '23 31
August '23 Aug '23 27
July '23 Jul '23 20
June '23 Jun '23 26
May '23 May '23 33
April '23 Apr '23 22
March '23 Mar '23 22

Number of HELOC Loans i

9

(Feb 2024)

-30.8%

year-over-year

y-o-y

February '24 Feb '24 9
January '24 Jan '24 13
December '23 Dec '23 15
November '23 Nov '23 18
October '23 Oct '23 23
September '23 Sep '23 17
August '23 Aug '23 27
July '23 Jul '23 24
June '23 Jun '23 15
May '23 May '23 30
April '23 Apr '23 18
March '23 Mar '23 18

Grand Rapids, MI 49504 Real Estate Market Overview

Last 30 days

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Grand Rapids, MI 49504 Foreclosure Activity

There were a total of 5 Grand Rapids, MI 49504 properties with a foreclosure filing in February 2024.

Total Foreclosure Filings i

5

(Feb 2024)

+150%

year-over-year

y-o-y

February '24 Feb '24 5
January '24 Jan '24 3
December '23 Dec '23 2
November '23 Nov '23 1
October '23 Oct '23 4
September '23 Sep '23 2
August '23 Aug '23 5
July '23 Jul '23 5
June '23 Jun '23 1
May '23 May '23 2
April '23 Apr '23 4
March '23 Mar '23 1

Foreclosure Starts i

5

(Feb 2024)

+150%

year-over-year

y-o-y

February '24 Feb '24 5
January '24 Jan '24 3
December '23 Dec '23 2
November '23 Nov '23 1
October '23 Oct '23 4
September '23 Sep '23 2
August '23 Aug '23 5
July '23 Jul '23 5
June '23 Jun '23 1
May '23 May '23 2
April '23 Apr '23 4
March '23 Mar '23 1

Completed Foreclosures (REOs) i

February '24 Feb '24 N/A
January '24 Jan '24 N/A
December '23 Dec '23 N/A
November '23 Nov '23 N/A
October '23 Oct '23 N/A
September '23 Sep '23 N/A
August '23 Aug '23 N/A
July '23 Jul '23 N/A
June '23 Jun '23 N/A
May '23 May '23 N/A
April '23 Apr '23 N/A
March '23 Mar '23 N/A

Nearby Zip Codes

1. 49503
2. 49505
3. 49506
4. 49507
5. 49508
6. 49512

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