49507 Home Values & Market Trends
There are 44 homes currently listed for 49507. 49507 real estate market trends show that home prices range from $124,900 to $379,000, and the median sales price in the 49507 zip code is $224,173.09. The total number of properties sold within the past twelve months is 659. In 49507, 6 properties are in foreclosure, 2 are bank owned properties,and 4 are headed for auction.
Housing Market Summary for 49507
Apr 2023 | March 2024 | Change | |
---|---|---|---|
Median Listing Price | $205K | $210K | 2.46% |
Median Sold Price | $193.6K | $210K | 8.50% |
Homes For Sale | 55 | 40 | -27.27% |
Homes Sold | 376 | 335 | -10.90% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in 49507
Browse Homes in 49507
The median list price of a home in Grand Rapids, is $224,173.09. A total of 44 properties are for sale, and the percentage of properties for sale in the zip code is 44.00%. The total count of 49507 properties is 11,020.
- Pre-ForeclosurePre-foreclosure homes account for 0% of all residential properties in 49507 with $[pre-foreclosures-highest-count-region] containing 0 pre-foreclosures, the highest number of pre-foreclosure properties in a single city. There is 1 cities within 49507; of that cities, the estimated home value for pre-foreclosure homes ranges from $0 in N/A to the lowest home value of $0 in $[pre-foreclosures-lowest-avm-region].
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in 49507 ranges from the highest value of $314,836 in grand rapids to the lowest value of $170,892 in grand rapids. Bank owned homes and properties account for 0.02% of properties in 49507. There is 1 cities within 49507; grand rapids containing 6 REO properties, has the highest number of bank owned properties in a single city.
- Auctionsgrand rapids has 32 auction properties, the highest number of properties going to auction in a single city in the state of 49507. Auction homes and other auction properties account for 0.04% of all properties in 49507. There is 1 cities within 49507; of that cities, the median estimated home value for homes going to auction ranges from $587,122 in grand rapids to the lowest value of $132,756 in grand rapids.
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Guide for 49507
Explore the nuances of Michigan’s 2023 real estate market, where rising property values meet shifting sold prices and distressed properties offer investment opportunities amidst a stable yet competitive landscape.
The 2023 Detroit real estate market trend showed steady average listing values and an increase in property sales, with neighboring cities displaying more fluctuation but higher property values. This reflects the city’s resilience amidst an unpredictable industry landscape.
Why Buying a Foreclosure is a Smart Move
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