49507 Home Values & Market Trends

There are 36 homes currently listed for 49507. 49507 real estate market trends show that home prices range from $125,000 to $330,000, and the median sales price in the 49507 zip code is $208,513.73. The total number of properties sold within the past twelve months is 667. In 49507, 13 properties are in foreclosure, 2 are bank owned properties,and 11 are headed for auction.

Housing Market Summary for 49507

Mar 2023February 2024Change
Median Listing Price$199K$206.6K3.83%
Median Sold Price$197.3K$206.6K4.71%
Homes For Sale5728-50.88%
Homes Sold3964236.82%
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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%.

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Browse Homes in 49507

The median list price of a home in Grand Rapids, is $208,513.73. A total of 36 properties are for sale, and the percentage of properties for sale in the zip code is 36.00%. The total count of 49507 properties is 11,020.

Foreclosure
There is 1 cities within 49507; within this cities, the median estimated home value for homes in foreclosure ranges from $563,099 in grand rapids to the lowest value of $103,612 in grand rapids. Foreclosure homes account for 0.00% of properties in 49507 with grand rapids containing 49 foreclosures, the highest number of foreclosure properties in a single city.
  • Pre-Foreclosure
    Pre-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 Owned
    The median estimated home value of bank owned homes (REO properties) in 49507 ranges from the highest value of $315,611 in grand rapids to the lowest value of $163,437 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.
  • Auctions
    grand rapids has 43 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 0.10% 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 $563,099 in grand rapids to the lowest value of $103,612 in grand rapids.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.33% of residential properties in 49507 with grand rapids containing 334 homes for sale, the highest number of listed properties in a single city. There is 1 cities within 49507; homes for sale in that cities, have a range of median values from $8,050,753 in grand rapids to the lowest value of $52,310 in grand rapids.
    Sold Homes
    The median value for recently sold homes ranges from $3,733,500 in grand rapids to the lowest price of $23,962 in grand rapids. There is 1 cities within 49507. grand rapids has 3240 recently sold homes, the highest number of recently sold properties in a single city. Recently sold homes and properties account for 3.51% of properties in 49507.

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      Guide for 49507

      RealtyTrac Market Report
      Michigan
      2023 Michigan Real Estate Market: Analysis Reveals Booming Property Values and Volatile Sold Prices
      Michigan
      Detroit Real Estate Market Holds Steady: 2023 in Review
      Investment Guides
      Why Buying a Foreclosure is a Smart Move
      Home Buying Financing
      How To Get House Mortgage With Low Credit Score
      See More Articles
      RealtyTrac Market Report
      2023 Michigan Real Estate Market: Analysis Reveals Booming Property Values and Volatile Sold Prices
      Michigan|posted 8 December 2023

      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.

      Detroit Real Estate Market Holds Steady: 2023 in Review
      Michigan|posted 25 January 2024

      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
      Investment Guides|posted 15 November 2017

      Why Buying a Foreclosure is a Smart Move

      How To Get House Mortgage With Low Credit Score
      Home Buying Financing|posted 22 March 2024

      Learn how to secure a house mortgage even with a low credit score.

      Recently Listed Homes 49507

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