Is Eastpointe, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Eastpointe has remained a Seller's Market.
Housing Prices in Eastpointe, MI
How much do homes in Eastpointe, MI cost?
Median Sold Price
$150,000
$130/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Eastpointe was $150,000 in April 2024, up 6.4% from last year, and the median price per square foot was $130.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $26K | $29.4K | +13.1% |
2 Bedrooms | $107K | $115K | +7.5% |
3 Bedrooms | $145K | $154K | +6.2% |
4 Bedrooms | $159K | $174K | +9.4% |
5+ Bedrooms | $189.9K | $178K | -6.3% |
Summary: Eastpointe housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.1%, 2 bedroom homes increased by 7.5%, 3 bedroom homes increased by 6.2%, 4 bedroom homes increased by 9.4%, and 5+ bedroom homes decreased by 6.3%.
Median Sold Price Compared To Nearby Cities
Warren | $171.6K | $184.4K | +7.5% |
Saint Clair Shores | $210K | $225K | +7.1% |
Eastpointe | $140.9K | $150K | +6.4% |
Roseville | $153.9K | $160.4K | +4.2% |
Harper Woods | $150K | $125.5K | -16.3% |
Housing Supply in Eastpointe, MI
How many homes are available in Eastpointe, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
100 | 131 | +31.0% |
Summary: The Eastpointe real estate market had 131 homes for sale in April 2024, a 31.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 16 | 21 | +31.3% |
3 Bedrooms | 75 | 99 | +32.0% |
4 Bedrooms | 8 | 9 | +12.5% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Eastpointe housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 31.3%, 3 bedroom homes increased by 32%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
24 | 33 | +37.5% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Summary: A total of 33 homes were sold or pending in Eastpointe in April 2024, up by 37.5% month-over-month. Of the 33 sold homes, 42% were sold under asking, 21% were sold at asking, and 36% were sold over asking.
Days on Market for Eastpointe, MI
How long does it take to sell a home in Eastpointe, MI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
127 Days | 67 Days | -47.0% |
Summary: Homes in Eastpointe had an average of 67 days on market in Apr 2024, down by 47% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During April 2024, 33 homes were sold in Eastpointe; 48% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.