Is Grosse Ile Township, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Grosse Ile Township is a seller's market

Buyer's
Market

Difference Since April 2021

Since last year, Grosse Ile Township has remained a Seller's Market.

Key Takeaway

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

How much do homes in Grosse Ile Township, MI cost?

Median Sold Price

$350,000

$157/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2021

+$25,000(+7.7%)

Key Takeaway

Homes in Grosse Ile Township have sold for 7.7% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSApr 2021Apr 2022%
1 $195K$120K
-38.5%
2 $120K$161.7K
+34.8%
3 $290K$294K
+1.4%
4 $387.5K$420K
+8.4%
5+ $431K$587.5K
+36.3%

Median Sold Price Compared To Nearby Cities

Wyandotte
+14.2%
Riverview
+12.9%
Trenton
+11.0%
Grosse Ile Township
+7.7%
Grosse Ile
+7.7%

How many homes are available in Grosse Ile Township, MI?

Number of Homes For Sale

Mar 2022Apr 2022%
4341-4.7%

Homes For Sale By Bedroom Count

# BEDSMar 2022Apr 2022%
1 00
0.0%
2 52
-60.0%
3 1214
+16.7%
4 2321
-8.7%
5+ 34
+33.3%

Number of Homes Sold

Mar 2022Apr 2022%
1118+63.6%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Grosse Ile Township, you may be able to get a good deal. 44.4% of homes here sold below asking price last month.

Average Sale Time

Apr 2021Apr 2022%
41 Days41 Days0.1%

Breakdown of Home Sale Times

13 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Grosse Ile Township 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 Grosse Ile Township, MI

Number of homes for sale in Grosse Ile Township, MI real estate market have reached 41. The inventory of homes for sale in Grosse Ile Township, MI between March 2022 and April 2022 decreased by 4.7%. Listings spent 41 days on the market in April 2022, and had a median list price of $350,000 during the same period. Between March 2022 and April 2022, listing prices of homes in this real estate market have seen the following changes: prices of 1 bedroom properties decreased by 38.5%, 2 bedrooms properties prices increased by 34.8%, 3 bedrooms properties prices increased by 1.4%, prices of 4 bedrooms properties went up by 8.4%, 5 bedrooms properties prices increased by 36.3%. Volume of homes for sale in this real estate market have seen the following changes: 1 bedroom homes inventory did not change, the quantity of 2 bedrooms homes went down by 60%, the quantity of 3 bedrooms homes went up by 16.7%, number of 4 bedrooms homes decreased by 8.7%, 5 bedrooms homes became 33.3% more available. In April 2022 more than 5 listings in Grosse Ile Township, MI were sold above the asking price. During the same period more than 5 listings were sold at asking price, while more than 8 were sold below.

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