Is Village of Grosse Pointe Shores, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Village of Grosse Pointe Shores has remained a Seller's Market.
Housing Prices in Village of Grosse Pointe Shores, MI
How much do homes in Village of Grosse Pointe Shores, MI cost?
Median Sold Price
$605,325
$231/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Village of Grosse Pointe Shores was $605,325 in April 2024, down 17.9% from last year, and the median price per square foot was $231.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | - | $550K | N/A |
3 Bedrooms | $501.5K | $515K | +2.7% |
4 Bedrooms | $585K | $762.8K | +30.4% |
5+ Bedrooms | $1.2M | $860K | -33.6% |
Summary: Village of Grosse Pointe Shores housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 2.7%, 4 bedroom homes increased by 30.4%, and 5+ bedroom homes decreased by 33.6%.
Median Sold Price Compared To Nearby Cities
Grosse Pointe Woods | $290K | $329.9K | +13.8% |
Saint Clair Shores | $210K | $225K | +7.1% |
Village of Grosse Pointe Shores | $737.5K | $605.3K | -17.9% |
Housing Supply in Village of Grosse Pointe Shores, MI
How many homes are available in Village of Grosse Pointe Shores, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
11 | 14 | +27.3% |
Summary: The Village of Grosse Pointe Shores real estate market had 14 homes for sale in April 2024, a 27.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 1 | +100.0% |
3 Bedrooms | 3 | 2 | -33.3% |
4 Bedrooms | 5 | 7 | +40.0% |
5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Village of Grosse Pointe Shores housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 33.3%, 4 bedroom homes increased by 40%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
2 | 3 | +50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Village of Grosse Pointe Shores in April 2024, up by 50.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.
Days on Market for Village of Grosse Pointe Shores, MI
How long does it take to sell a home in Village of Grosse Pointe Shores, MI?
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 3 homes were sold in Village of Grosse Pointe Shores; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.