New - 6 days on Rocket
$4,155 Closing Credit¹
#50166604, Paula M. Morris, Listing Office: Adlhoch & Associates, REALTORS
Grosse Pointe Park Housing Market Report January 2025•Wayne County, Michigan
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?
Seller'sMarket
Buyer'sMarket
Grosse Pointe Park is a Neutral Market
Difference Since January 2024
At the same time last year, Grosse Pointe Park was a Seller's Market.
Insight
Grosse Pointe Park is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Median Sold Price
$542,500$199/SqFt
+$115,500
+27.0%
Based on all homes sold in the last 12 months
Insight
Homes in Grosse Pointe Park have sold for 27% more than they did a year ago.
Summary: The median home sold price in Grosse Pointe Park was $542,500 in January 2025, up 27% from last year, and the median price per square foot was $199.
Median Sold Price By Cities
| City | Jan 2024 | Jan 2025 | Change YoY |
|---|---|---|---|
| Grosse Pointe | $240K | $390K | +62.5% |
| Grosse Pointe Park | $427K | $542.5K | +27.0% |
| Detroit | $77.8K | $87.4K | +12.4% |
Median Sold Price By Bedrooms
| Beds | Jan 2024 | Jan 2025 | Change YoY |
|---|---|---|---|
| 11 Bedroom | - | - | N/A |
| 22 Bedrooms | $283.5K | $229K | -19.2% |
| 33 Bedrooms | $345K | $395K | +14.5% |
| 44 Bedrooms | $455K | $600K | +31.9% |
| 55+ Bedrooms | $523.5K | $628K | +20.0% |
Summary: Grosse Pointe Park housing price by bedroom type for January 2025, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes decreased by -19.2%. The home price for 3 bedroom homes increased by +14.5%. The home price for 4 bedroom homes increased by +31.9%. The home price for 5 bedroom homes increased by +20.0%.
Housing supply in Grosse Pointe Park, MI
How many homes are available in Grosse Pointe Park, MI?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 27Last MonthJan 2025 | ||
| 292 months agoDec 2024 | -6.9 % Change MoMDec – Jan |
Summary: The Grosse Pointe Park real estate market had 27 homes for sale in Jan 2025, a 6.9 % decrease compared to Dec 2024.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 4Last MonthJan 2025 | ||
| 102 months agoDec 2024 | -60.0 % Change MoMDec – Jan |
Homes For Sale By Bedroom Count
| Beds | Dec 2024 | Jan 2025 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 0 | 0 | 0.0% |
| 22 Bedrooms | 4 | 3 | -25.0% |
| 33 Bedrooms | 8 | 8 | 0.0% |
| 44 Bedrooms | 12 | 11 | -8.3% |
| 55+ Bedrooms | 5 | 5 | 0.0% |
Summary: Grosse Pointe Park housing inventory by bedroom type for January 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes decreased by -25.0%. The inventory for 3 bedroom homes remained the same. The inventory for 4 bedroom homes decreased by -8.3%. The inventory for 5 bedroom homes remained the same.
Asking Price vs. Sold Price
How much do homes in Grosse Pointe Park, MI cost?
Over Asking Price1 Home
At Asking Price1 Home
Under Asking Price2 Homes
Insight
If you're buying a home in Grosse Pointe Park, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Grosse Pointe Park in January 2025, down by 60.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and and 25% 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 Days3 Homes
30 – 90 Days0 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 January 2025, 4 homes were sold in Grosse Pointe Park; 75% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 43 DaysThis YearJan 2025 | ||
| 54 Days1 year agoJan 2024 | -21.1 % Change YoYJan 2024 – Jan 2025 |
Summary: Homes in Grosse Pointe Park had an average listing age of 43 days in Jan 2025, down by 21.1% compared to the previous year.
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Newest Listings in Grosse Pointe Park, MI
What homes are available in Grosse Pointe Park, MI?
New - 7 days on Rocket
$9,784 Closing Credit¹
#50166486, Connie Dunlap, Listing Office: Sine & Monaghan LLC
$3,313 Closing Credit¹
#20250009340, Savannah Srebernak, Listing Office: Jim Saros Real Estate Services
$6,828 Closing Credit¹
#20250009299, James B Saros, Listing Office: Jim Saros Real Estate Services
#20250008578, Jeffrey Meldrum, Nicholas Asplund, Listing Office: @properties Christies Intl RE Grosse Pointe
$10,000 Closing Credit¹
#50166102, Thomas Youngblood, Listing Office: Real Estate One Grosse Pointe
$3,561 Closing Credit¹
#50165828, Thomas Steen, Listing Office: Real Estate One Grosse Pointe
$7,719 Closing Credit¹
#50165705, Helen Aguilera, Listing Office: James Francis Realty
$7,066 Closing Credit¹
#50165657, Dean J. Sine, Listing Office: Sine & Monaghan LLC
$4,097 Closing Credit¹
#50164549, Dino Ricci, Listing Office: Sine & Monaghan LLC
$4,452 Closing Credit¹
#20240094501, Ryan Lally, Listing Office: KW Grosse Pointe
$4,156 Closing Credit¹
#50163041, Christopher Cotzias, Listing Office: Real Estate One Grosse Pointe
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MLS Disclaimers and Copyright
Based on information from MiRealSource Inc. DL, RealComp II Ltd., and Michigan Regional Information Center LLC for the period 02/01/2023 - 02/01/2025
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: 2/20/2025, 2:21:00 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Disclaimer: 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: 2/20/2025, 2:20:56 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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 2025 Grand Rapids Association of REALTORS® / Copyright © MichRIC, LLC. / MLS Exchange Inc. All rights reserved.Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/20/2025, 2:20:57 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.