Is Eastpointe, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 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
$154,975
$133/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in Eastpointe have sold for 9.4% more than they did a year ago.
Summary: The median home sold price in Eastpointe was $154,975 in June 2024, up 9.4% from last year, and the median price per square foot was $133.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $52.5K | $29.2K | -44.4% |
| 2 Bedrooms | $103K | $118K | +14.6% |
| 3 Bedrooms | $146.4K | $157.1K | +7.4% |
| 4 Bedrooms | $164.3K | $170.5K | +3.8% |
| 5+ Bedrooms | $175K | $217K | +24.0% |
Summary: Eastpointe housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 44.4%, 2 bedroom homes increased by 14.6%, 3 bedroom homes increased by 7.4%, 4 bedroom homes increased by 3.8%, and 5+ bedroom homes increased by 24%.
Median Sold Price Compared To Nearby Cities
| Saint Clair Shores | $205.7K | $227.5K | +10.6% |
| Eastpointe | $141.6K | $154.9K | +9.4% |
| Roseville | $150.4K | $164.5K | +9.4% |
| Warren | $171.4K | $182.9K | +6.7% |
| Harper Woods | $145K | $130K | -10.3% |
Housing Supply in Eastpointe, MI
How many homes are available in Eastpointe, MI?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 105 | 119 | +13.3% |
Summary: The Eastpointe real estate market had 119 homes for sale in June 2024, a 13.3% increase compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 19 | 23 | +21.1% |
| 3 Bedrooms | 75 | 82 | +9.3% |
| 4 Bedrooms | 7 | 8 | +14.3% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Eastpointe housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 21.1%, 3 bedroom homes increased by 9.3%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 30 | 28 | -6.7% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Eastpointe, you could pay more than the asking price. 46.4% of homes here sold above asking price last month.
Summary: A total of 28 homes were sold or pending in Eastpointe in June 2024, down by 6.7% month-over-month. Of the 28 sold homes, 25% were sold under asking, 29% were sold at asking, and 46% 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
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 29 Days | 30 Days | +2.1% |
Summary: Homes in Eastpointe had an average of 30 days on market in Jun 2024, up by 2.1% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Eastpointe are selling fast, if you're buying plan to act quickly.
Summary: During June 2024, 28 homes were sold in Eastpointe; 71% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS. Copyright MiRealSource.