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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Ecorse is a seller's market

Buyer's
Market

Difference Since August 2021

At the same time last year, Ecorse was a Neutral Market.

Key Takeaway

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

How much do homes in Ecorse, MI cost?

Median Sold Price

$61,250

$62/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2021

+$19,700(+47.4%)

Key Takeaway

Homes in Ecorse have sold for 47.4% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSAug 2021Aug 2022%
1 $26.5K$66.5K
+150.9%
2 $31K$52K
+67.7%
3 $53K$79K
+49.1%
4 $77.4K$95.2K
+23.1%
5+ $68K$109.5K
+61.0%

Median Sold Price Compared To Nearby Cities

Ecorse
+47.4%
Detroit
+24.8%
Lincoln Park
+15.4%
Wyandotte
+10.5%
River Rouge
-0.4%

How many homes are available in Ecorse, MI?

Number of Homes For Sale

Jul 2022Aug 2022%
2629+11.5%

Homes For Sale By Bedroom Count

# BEDSJul 2022Aug 2022%
1 00
0.0%
2 47
+75.0%
3 1617
+6.3%
4 44
0.0%
5+ 21
-50.0%

Number of Homes Sold

Jul 2022Aug 2022%
36+100.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Ecorse, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Average Sale Time

Aug 2021Aug 2022%
131 Days38 Days-71.0%

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

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

About Ecorse, MI

Homes for sale in Ecorse, MI have reached 29. In August 2022 in Ecorse, MI there were 11.5% more homes for sale than in July 2022. In August 2022 median list price was $61,250 and the average listing age was 38 days. Listing prices have changed in this real estate market between July 2022 and August 2022: prices of 1 bedroom properties increased by 150.9%, prices of 2 bedrooms properties increased by 67.7%, prices of 3 bedrooms properties went up by 49.1%, 4 bedrooms properties became 23.1% more expensive, prices of 5 bedrooms properties increased by 61%. This housing market inventory have changed: 1 bedroom homes inventory did not change, 2 bedrooms homes inventory increased by 75%, volume of 3 bedrooms homes went up by 6.3%, the quantity of 4 bedrooms homes have not changed, 5 bedrooms homes became 50% less available. Ecorse, MI housing market in August 2022 saw over 0 listings sold above listed price, more than 2 sold at listed price and over 4 sold below.

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