Grand Rapids, MI 49503 Real Estate & Property Data

Grand Rapids, MI 49503 Real Estate Market Trends
Last Updated: April 27, 2024

A total of 618 residential properties have been sold over the past 12 months in 49503. With a median sales price of $257,500 in 49503 and a total of 1 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
Total Residential Properties 9,876
Total Commercial Properties 2,148
Avg. Home Age (Single Family Home) 89 Years
Avg. Square Feet (Single Family Home) 1,618
Total 2024 Residential Sales (year-to-date) 95
% of Homes Seriously Underwater (Q2 2024) 1.25%
Total 2023 Residential Sales 561
% of Equity Rich Homes (Q2 2024) 42.16%
Effective 2023 Property Tax 0.84%
Total Foreclosure Filings (year-to-date) 4
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Grand Rapids, MI 49503 Real Estate Overview

There were 618 residential properties sold in the past year in Grand Rapids, MI 49503. The median home value in Grand Rapids, MI 49503 is $270,078. There are a total of 9,876 residential properties in the 49503.

Median Sales Price i
$257,500
(Feb 2024)
-3.7%
year-over-year
y-o-y
  • February '24 Feb '24 $257,500
  • January '24 Jan '24 $248,200
  • December '23 Dec '23 $262,499
  • November '23 Nov '23 $289,950
  • October '23 Oct '23 $272,437
  • September '23 Sep '23 $350,000
  • August '23 Aug '23 $315,000
  • July '23 Jul '23 $252,500
  • June '23 Jun '23 $275,000
  • May '23 May '23 $240,000
  • April '23 Apr '23 $255,000
  • March '23 Mar '23 $245,000
Median Down Payment i
$12,625
(Feb 2024)
-69.9%
year-over-year
y-o-y
  • February '24 Feb '24 $12,625
  • January '24 Jan '24 $35,890
  • December '23 Dec '23 $19,500
  • November '23 Nov '23 $49,240
  • October '23 Oct '23 $40,650
  • September '23 Sep '23 $61,625
  • August '23 Aug '23 $25,650
  • July '23 Jul '23 $19,522
  • June '23 Jun '23 $29,160
  • May '23 May '23 $12,470
  • April '23 Apr '23 $14,250
  • March '23 Mar '23 $31,325
Number of Homes Sold i
40
(Feb 2024)
+2.6%
year-over-year
y-o-y
  • February '24 Feb '24 40
  • January '24 Jan '24 55
  • December '23 Dec '23 38
  • November '23 Nov '23 43
  • October '23 Oct '23 47
  • September '23 Sep '23 53
  • August '23 Aug '23 62
  • July '23 Jul '23 51
  • June '23 Jun '23 48
  • May '23 May '23 49
  • April '23 Apr '23 39
  • March '23 Mar '23 54
Number of Purchase Loans i
28
(Feb 2024)
+7.7%
year-over-year
y-o-y
  • February '24 Feb '24 28
  • January '24 Jan '24 41
  • December '23 Dec '23 23
  • November '23 Nov '23 34
  • October '23 Oct '23 28
  • September '23 Sep '23 40
  • August '23 Aug '23 48
  • July '23 Jul '23 35
  • June '23 Jun '23 42
  • May '23 May '23 36
  • April '23 Apr '23 36
  • March '23 Mar '23 41
Number of REFI Loans i
8
(Feb 2024)
-33.3%
year-over-year
y-o-y
  • February '24 Feb '24 8
  • January '24 Jan '24 9
  • December '23 Dec '23 11
  • November '23 Nov '23 7
  • October '23 Oct '23 11
  • September '23 Sep '23 17
  • August '23 Aug '23 14
  • July '23 Jul '23 14
  • June '23 Jun '23 13
  • May '23 May '23 15
  • April '23 Apr '23 49
  • March '23 Mar '23 17
Number of HELOC Loans i
7
(Feb 2024)
+40%
year-over-year
y-o-y
  • February '24 Feb '24 7
  • January '24 Jan '24 13
  • December '23 Dec '23 14
  • November '23 Nov '23 12
  • October '23 Oct '23 14
  • September '23 Sep '23 16
  • August '23 Aug '23 9
  • July '23 Jul '23 9
  • June '23 Jun '23 14
  • May '23 May '23 8
  • April '23 Apr '23 9
  • March '23 Mar '23 5

Grand Rapids, MI 49503 Foreclosure Activity

There were a total of 1 Grand Rapids, MI 49503 properties with a foreclosure filing in February 2024.

Total Foreclosure Filings i
1
(Feb 2024)
-75%
year-over-year
y-o-y
  • February '24 Feb '24 1
  • January '24 Jan '24 3
  • December '23 Dec '23 1
  • November '23 Nov '23 5
  • October '23 Oct '23 3
  • September '23 Sep '23 1
  • August '23 Aug '23 3
  • July '23 Jul '23 1
  • June '23 Jun '23 2
  • May '23 May '23 1
  • April '23 Apr '23 1
  • March '23 Mar '23 3
Foreclosure Starts i
1
(Feb 2024)
-75%
year-over-year
y-o-y
  • February '24 Feb '24 1
  • January '24 Jan '24 3
  • December '23 Dec '23 1
  • November '23 Nov '23 5
  • October '23 Oct '23 3
  • September '23 Sep '23 1
  • August '23 Aug '23 3
  • July '23 Jul '23 1
  • June '23 Jun '23 2
  • May '23 May '23 1
  • April '23 Apr '23 1
  • March '23 Mar '23 3
Completed Foreclosures (REOs) i
  • February '24 Feb '24 N/A
  • January '24 Jan '24 N/A
  • December '23 Dec '23 1
  • 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
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