Is Eastpointe, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Eastpointe is a seller's market

Buyer's
Market

Difference Since March 2023

Since last year, Eastpointe has remained a Seller's Market.

Key Takeaway

Eastpointe is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Eastpointe, MI

How much do homes in Eastpointe, MI cost?

Median Sold Price

$150,000

$129/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$10,000(+7.1%)

Key Takeaway

Homes in Eastpointe have sold for 7.1% more than they did a year ago.

Summary: The median home sold price in Eastpointe was $150,000 in March 2024, up 7.1% from last year, and the median price per square foot was $129.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $26K$29.4K
+13.1%
2 $104K$115K
+10.6%
3 $145K$151K
+4.1%
4 $155.5K$168.2K
+8.2%
5+ $189.9K$178K
-6.3%

Summary: Eastpointe housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.1%, 2 bedroom homes increased by 10.6%, 3 bedroom homes increased by 4.1%, 4 bedroom homes increased by 8.2%, and 5+ bedroom homes decreased by 6.3%.

Median Sold Price Compared To Nearby Cities

Eastpointe
+7.1%
Roseville
+6.7%
Warren
+6.3%
Saint Clair Shores
+5.5%
Harper Woods
-15.2%

Housing Supply in Eastpointe, MI

How many homes are available in Eastpointe, MI?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
89107+20.2%

Summary: The Eastpointe real estate market had 107 homes for sale in March 2024, a 20.2% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 01
+100.0%
2 1519
+26.7%
3 6176
+24.6%
4 99
0.0%
5+ 42
-50.0%

Summary: The Eastpointe housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 26.7%, 3 bedroom homes increased by 24.6%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
2824-14.3%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

12 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Eastpointe, you could pay more than the asking price. 50% of homes here sold above asking price last month.

Summary: A total of 24 homes were sold or pending in Eastpointe in March 2024, down by 14.3% month-over-month. Of the 24 sold homes, 46% were sold under asking, 4% were sold at asking, and 50% were sold over asking.

Days on Market for Eastpointe, MI

How long does it take to sell a home in Eastpointe, MI?

Average Sale Time

Mar 2023Mar 2024CHANGE
75 Days28 Days-62.1%

Summary: Homes in Eastpointe had an average of 28 days on market in Mar 2024, down by 62.1% compared to last year.

Breakdown of Home Sale Times

13 Homes Were Sold
Under 30 Days

10 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Eastpointe are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 24 homes were sold in Eastpointe; 54% of homes were sold within 30 days, 42% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 12 Days Ago

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