Is Eastpointe, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, Eastpointe has remained a Seller's Market.
Housing Prices in Eastpointe, MI
How much do homes in Eastpointe, MI cost?
Median Sold Price
$147,000
$127/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Eastpointe was $147,000 in February 2024, up 5% from last year, and the median price per square foot was $127.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $26K | $29.4K | +13.1% |
2 Bedrooms | $103K | $103K | 0.0% |
3 Bedrooms | $144.8K | $150K | +3.5% |
4 Bedrooms | $155K | $166K | +7.1% |
5+ Bedrooms | $194.9K | $178K | -8.7% |
Summary: Eastpointe housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.1%, 2 bedroom homes did not change, 3 bedroom homes increased by 3.5%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes decreased by 8.7%.
Median Sold Price Compared To Nearby Cities
Warren | $170.8K | $183.6K | +7.5% |
Eastpointe | $139.9K | $147K | +5.0% |
Roseville | $152K | $158K | +3.9% |
Saint Clair Shores | $210.1K | $216.4K | +3.0% |
Harper Woods | $154K | $132.7K | -13.8% |
Housing Supply in Eastpointe, MI
How many homes are available in Eastpointe, MI?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
131 | 116 | -11.5% |
Summary: The Eastpointe real estate market had 116 homes for sale in February 2024, a 11.5% decrease compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 2 | -33.3% |
2 Bedrooms | 22 | 19 | -13.6% |
3 Bedrooms | 87 | 79 | -9.2% |
4 Bedrooms | 15 | 11 | -26.7% |
5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Eastpointe housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes decreased by 13.6%, 3 bedroom homes decreased by 9.2%, 4 bedroom homes decreased by 26.7%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
30 | 33 | +10.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
20 Homes Were Sold
Over Asking
Summary: A total of 33 homes were sold or pending in Eastpointe in February 2024, up by 10.0% month-over-month. Of the 33 sold homes, 27% were sold under asking, 12% were sold at asking, and 61% 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
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
21 Days | 29 Days | +39.0% |
Summary: Homes in Eastpointe had an average of 29 days on market in Feb 2024, up by 39% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During February 2024, 33 homes were sold in Eastpointe; 67% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.