Grosse Pointe Park Housing Market Report March 2025•Wayne County, Michigan

hero building illustration for mobile

Housing Prices in Grosse Pointe Park, MI

How much do homes in Grosse Pointe Park, MI cost?

Housing Market Conditions

Is Grosse Pointe Park, MI a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

Grosse Pointe Park is a Seller's Market

Difference Since February 2025

Last month, Grosse Pointe Park has remained a Seller's Market.

Insight

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

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$357,000$231/SqFt
-$185,000
-34.1%

Based on all homes sold in March 2025

Insight

Homes in Grosse Pointe Park have sold for 34.1% less than they did a month ago.

Summary: The median home sold price in Grosse Pointe Park was $357,000 in March 2025, down 34.1% from last month, and the median price per square foot was $231.

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsFeb 2025Mar 2025Change MoM
1--
N/A
2$397.5K$405K
+1.9%
3$477K$289K
-39.4%
4$714.5K$650K
-9.0%
5$495K$885K
+78.8%

Summary: Grosse Pointe Park housing price by bedroom type for March 2025, compared to the previous month. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes increased by +1.9%. The home price for 3 bedroom homes decreased by -39.4%. The home price for 4 bedroom homes decreased by -9.0%. The home price for 5 bedroom homes increased by +78.8%.

How does Grosse Pointe Park, MI compare with other places?

Market comparison tool

Data and numbers shown are subject to change and may vary based on different timeframes.

Grosse Pointe Park, MI

Housing supply in Grosse Pointe Park, MI

How many homes are available in Grosse Pointe Park, MI?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
28Last MonthMar 2025
242 months agoFeb 2025
+16.7 %
Change MoMFeb – Mar

Summary: The Grosse Pointe Park real estate market had 28 homes for sale in Mar 2025, a 16.7 % increase compared to Feb 2025.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
9Last MonthMar 2025
82 months agoFeb 2025
+12.5 %
Change MoMFeb – Mar

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsFeb 2025Mar 2025Change MoM
100
0.0%
233
0.0%
3510
+100.0%
41210
-16.7%
545
+25.0%

Summary: Grosse Pointe Park housing inventory by bedroom type for March 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes remained the same. The inventory for 3 bedroom homes increased by +100.0%. The inventory for 4 bedroom homes decreased by -16.7%. The inventory for 5 bedroom homes increased by +25.0%.

Asking Price vs. Sold Price

How much do homes in Grosse Pointe Park, MI cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price3 Homes

At Asking Price2 Homes

Under Asking Price4 Homes

Insight

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

Summary: A total of 9 homes were sold or pending in Grosse Pointe Park in March 2025, up by 12.5% month-over-month. Of the 9 sold homes, 44% were sold under asking, 22% were sold at asking, and and 33% were sold over asking.

Days on Market for Grosse Pointe Park, MI

How long does it take to sell a home in Grosse Pointe Park, MI?

Breakdown of Home Sale Times

Under 30 Days7 Homes

30 – 90 Days1 Home

Over 90 Days1 Home

Insight

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

Summary: During March 2025, 9 homes were sold in Grosse Pointe Park; 78% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
Last Month1 month agoChange MoM
56 DaysLast MonthMar 2025
30 Days1 month agoFeb 2025
+82.1 %
Change MoMFeb – Mar

Summary: Homes in Grosse Pointe Park had an average listing age of 56 days in Mar 2025, up by 82.1% compared to the previous month.

Connect With An Agent

Local real estate agents are ready to help you find a home here

Sell My Home

Sell your home with an expert or get the job done on your own.

Get Approved

Get a customizable mortgage solution based on today's rates.

Newest Listings in Grosse Pointe Park, MI

What homes are available in Grosse Pointe Park, MI?

See More Listings

Nearby markets

Popular Cities with Homes for Sale in Michigan

MLS Disclaimers and Copyright

Based on information from MiRealSource Inc. DL, and RealComp II Ltd. for the period 02/01/2025 - 04/01/2025

IDX Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS.

Copyright 2025 MiRealSource. All rights reserved. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc.

The information published and disseminated by the Originating MLS is communicated verbatim, without change by the Originating MLS, as filed with it by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/4/2025, 3:21:00 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
IDXDisclaimer: The data relating to real estate on this web site comes in part from the IDX of Realcomp II Ltd. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.

IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited.

IDX provided courtesy of Realcomp II Ltd. Copyright © 2025 Realcomp II Ltd. Shareholders. All rights reserved. Originating MLS shown with each listing detail.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/4/2025, 3:20:57 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.