Is Ecorse, 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, Ecorse has remained a Seller's Market.
Key Takeaway
Ecorse is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Ecorse, MI
How much do homes in Ecorse, MI cost?
Median Sold Price
$75,000
$75/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since June 2023.
Key Takeaway
The sold price of homes in Ecorse has remained the same since last year.
Summary: The median home sold price in Ecorse was $75,000 in June 2024, the same as last year, and the median price per square foot was $75.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $51K | $57.5K | +12.7% |
| 3 Bedrooms | $85K | $89.9K | +5.8% |
| 4 Bedrooms | $74K | $94.7K | +28.0% |
| 5+ Bedrooms | $125.5K | $113.2K | -9.8% |
Summary: Ecorse housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 12.7%, 3 bedroom homes increased by 5.8%, 4 bedroom homes increased by 28%, and 5+ bedroom homes decreased by 9.8%.
Median Sold Price Compared To Nearby Cities
| River Rouge | $72K | $83.2K | +15.6% |
| Lincoln Park | $133.6K | $149.5K | +11.9% |
| Wyandotte | $170K | $185K | +8.8% |
| Ecorse | $75K | $75K | 0.0% |
Housing Supply in Ecorse, MI
How many homes are available in Ecorse, MI?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 36 | 30 | -16.7% |
Summary: The Ecorse real estate market had 30 homes for sale in June 2024, a 16.7% decrease compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 10 | 4 | -60.0% |
| 3 Bedrooms | 23 | 24 | +4.3% |
| 4 Bedrooms | 2 | 1 | -50.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Ecorse housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 60%, 3 bedroom homes increased by 4.3%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 11 | 8 | -27.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ecorse, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Ecorse in June 2024, down by 27.3% month-over-month. Of the 8 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% 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
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 88 Days | 21 Days | -75.6% |
Summary: Homes in Ecorse had an average of 21 days on market in Jun 2024, down by 75.6% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Ecorse are selling fast, if you're buying plan to act quickly.
Summary: During June 2024, 8 homes were sold in Ecorse; 88% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
Disclaimer: Information deemed reliable, but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor this broker shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of MichRIC, LLC. Real estate listings held by brokerage firms other than this broker are marked with the BR logo and detailed information includes the name of the listing broker. Copyright 2024 Grand Rapids Association of REALTORS® / Copyright © MichRIC, LLC. / MLS Exchange Inc. All rights reserved.