Is Ecorse, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Ecorse has remained a Seller's Market.
Housing Prices in Ecorse, MI
How much do homes in Ecorse, MI cost?
Median Sold Price
$68,000
$70/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Ecorse was $68,000 in March 2024, down 6.8% from last year, and the median price per square foot was $70.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $58K | - | N/A |
2 Bedrooms | $50K | $57.5K | +15.0% |
3 Bedrooms | $84.8K | $75K | -11.6% |
4 Bedrooms | $83K | $95.5K | +15.1% |
5+ Bedrooms | $125K | $134.9K | +8.0% |
Summary: Ecorse housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 15%, 3 bedroom homes decreased by 11.6%, 4 bedroom homes increased by 15.1%, and 5+ bedroom homes increased by 8%.
Median Sold Price Compared To Nearby Cities
Lincoln Park | $134.7K | $146.9K | +9.1% |
Wyandotte | $170K | $181K | +6.5% |
River Rouge | $70.5K | $75K | +6.4% |
Ecorse | $73K | $68K | -6.8% |
Housing Supply in Ecorse, MI
How many homes are available in Ecorse, MI?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
42 | 36 | -14.3% |
Summary: The Ecorse real estate market had 36 homes for sale in March 2024, a 14.3% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 12 | 10 | -16.7% |
3 Bedrooms | 26 | 23 | -11.5% |
4 Bedrooms | 3 | 3 | 0.0% |
5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Ecorse housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 16.7%, 3 bedroom homes decreased by 11.5%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
14 | 7 | -50.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 7 homes were sold or pending in Ecorse in March 2024, down by 50.0% month-over-month. Of the 7 sold homes, 71% were sold under asking, 14% were sold at asking, and 14% were sold over asking.
Days on Market for Ecorse, MI
How long does it take to sell a home in Ecorse, MI?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
138 Days | 44 Days | -68.1% |
Summary: Homes in Ecorse had an average of 44 days on market in Mar 2024, down by 68.1% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 7 homes were sold in Ecorse; 43% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.