Is Village of Grosse Pointe Shores, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Village of Grosse Pointe Shores was a Buyer's Market.
Housing Prices in Village of Grosse Pointe Shores, MI
How much do homes in Village of Grosse Pointe Shores, MI cost?
Median Sold Price
$483,000
$239/sqft
Based on all homes sold in March 2024.
Difference Since Last Month
Summary: The median home sold price in Village of Grosse Pointe Shores was $483,000 in March 2024, up 23.8% from last month, and the median price per square foot was $239.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | - | - | N/A |
3 Bedrooms | $390K | $483K | +23.8% |
4 Bedrooms | - | - | N/A |
5+ Bedrooms | - | - | N/A |
Summary: Village of Grosse Pointe Shores housing prices by bedroom type for March 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 23.8%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Village of Grosse Pointe Shores, MI
How many homes are available in Village of Grosse Pointe Shores, MI?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
11 | 12 | +9.1% |
Summary: The Village of Grosse Pointe Shores real estate market had 12 homes for sale in March 2024, a 9.1% increase 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 | 1 | 1 | 0.0% |
3 Bedrooms | 3 | 4 | +33.3% |
4 Bedrooms | 5 | 5 | 0.0% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Village of Grosse Pointe Shores 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 remained the same, 3 bedroom homes increased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
1 | 3 | +200.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Village of Grosse Pointe Shores in March 2024, up by 200.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.
Days on Market for Village of Grosse Pointe Shores, MI
How long does it take to sell a home in Village of Grosse Pointe Shores, MI?
Average Sale Time
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
106 Days | 5 Days | -95.3% |
Summary: Homes in Village of Grosse Pointe Shores had an average of 5 days on market in Mar 2024, down by 95.3% compared to last month.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 3 homes were sold in Village of Grosse Pointe Shores; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.