11 hours on Rocket
$1,068 Closing Credit¹
#20251006806, Bryant Harris, Listing office: 20th Century Real Estate
Lower East Housing Market Report May 2025•Wayne County, Michigan
Housing Prices in Lower East, MI
How much do homes in Lower East, MI cost?
Housing Market Conditions
Is Lower East, MI a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
Lower East is a Buyer's Market
Difference Since May 2024
At the same time last year, Lower East was a Seller's Market.
Insight
Lower East is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Median Sold Price
$113,333$78/SqFt
+$3,333
+3.0%
Based on all homes sold in the last 12 months
Insight
Homes in Lower East have sold for 3% more than they did a year ago.
Summary: The median home sold price in Lower East was $113,333 in May 2025, up 3% from last year, and the median price per square foot was $78.
Median Sold Price By Neighborhoods
| City | May 2024 | May 2025 | Change YoY |
|---|---|---|---|
| East Riverside | $152.5K | $177.5K | +16.4% |
| Lower East | $110K | $113.3K | +3.0% |
Median Sold Price By Bedrooms
| Beds | May 2024 | May 2025 | Change YoY |
|---|---|---|---|
| 11 Bedroom | $62K | $95K | +53.2% |
| 22 Bedrooms | $109.9K | $73.2K | -33.3% |
| 33 Bedrooms | $92.5K | $110K | +18.9% |
| 44 Bedrooms | $116.5K | $127.9K | +9.8% |
| 55+ Bedrooms | $206.2K | $199K | -3.5% |
Summary: Lower East housing price by bedroom type for May 2025, compared to the previous year. The home price for 1 bedroom homes increased by +53.2%. The home price for 2 bedroom homes decreased by -33.3%. The home price for 3 bedroom homes increased by +18.9%. The home price for 4 bedroom homes increased by +9.8%. The home price for 5 bedroom homes decreased by -3.5%.
How does Lower East, MI compare with other places?
Market comparison tool
Data and numbers shown are subject to change and may vary based on different timeframes.
Lower East, MI
Housing supply in Lower East, MI
How many homes are available in Lower East, MI?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 362Last MonthMay 2025 | ||
| 3192 months agoApr 2025 | +13.5 % Change MoMApr – May |
Summary: The Lower East real estate market had 362 homes for sale in May 2025, a 13.5 % increase compared to Apr 2025.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 36Last MonthMay 2025 | ||
| 422 months agoApr 2025 | -14.3 % Change MoMApr – May |
Homes For Sale By Bedroom Count
| Beds | Apr 2025 | May 2025 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 18 | 17 | -5.6% |
| 22 Bedrooms | 37 | 39 | +5.4% |
| 33 Bedrooms | 174 | 187 | +7.5% |
| 44 Bedrooms | 64 | 81 | +26.6% |
| 55+ Bedrooms | 26 | 38 | +46.2% |
Summary: Lower East housing inventory by bedroom type for May 2025, compared to the previous month. The inventory for 1 bedroom homes decreased by -5.6%. The inventory for 2 bedroom homes increased by +5.4%. The inventory for 3 bedroom homes increased by +7.5%. The inventory for 4 bedroom homes increased by +26.6%. The inventory for 5 bedroom homes increased by +46.2%.
Asking Price vs. Sold Price
How much do homes in Lower East, MI cost?
Over Asking Price9 Homes
At Asking Price5 Homes
Under Asking Price22 Homes
Insight
If you're buying a home in Lower East, you may be able to get a good deal. 61.1% of homes here sold below asking price last month.
Summary: A total of 36 homes were sold or pending in Lower East in May 2025, down by 14.3% month-over-month. Of the 36 sold homes, 61% were sold under asking, 14% were sold at asking, and and 25% were sold over asking.
Days on Market for Lower East, MI
How long does it take to sell a home in Lower East, MI?
Breakdown of Home Sale Times
Under 30 Days26 Homes
30 – 90 Days5 Homes
Over 90 Days5 Homes
Insight
Many homes in Lower East are selling fast, if you're buying plan to act quickly.
Summary: During May 2025, 36 homes were sold in Lower East; 72% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 47 DaysThis YearMay 2025 | ||
| 62 Days1 year agoMay 2024 | -24.2 % Change YoYMay 2024 – May 2025 |
Summary: Homes in Lower East had an average listing age of 47 days in May 2025, down by 24.2% compared to the previous year.
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Newest Listings in Lower East, MI
What homes are available in Lower East, MI?
Coming soon
$1,188 Closing Credit¹
#20251006745, Stephanie Janiga, Listing office: Keller Williams Advantage
15 hours on Rocket
$2,256 Closing Credit¹
#20251006767, Stephanie Mitchell, Listing office: Bowers Realty & Investments, Inc
16 hours on Rocket
$1,306 Closing Credit¹
#20251006572, Wael Nehme, Hassan Hammoud, Listing office: U.S. Investor Group
20 hours on Rocket
$1,008 Closing Credit¹
#20251006555, Hussein Farhat, Allen A Gawall, Listing office: RE/MAX Team 2000
20 hours on Rocket
$2,482 Closing Credit¹
#81025027231, Devon Smith, Kellie Smith, Listing office: Home Matters Realty Group
23 hours on Rocket
$1,780 Closing Credit¹
#20251006453, Darryl Mack, Listing office: Century 21 Curran & Oberski
1 day on Rocket
$1,330 Closing Credit¹
#50177608, Tiffany Henry, Listing office: Realty Executives Home Towne Shelby
2 days on Rocket
$891 Closing Credit¹
#20251006288, Charles Ryan, Listing office: Keller Williams Home
3 days on Rocket
$1,306 Closing Credit¹
#20251006053, Gordon A Hawkins, Listing office: Hawkins Realty Group, Inc
3 days on Rocket
$2,363 Closing Credit¹
#20251006210, Matthew Berney, Listing office: Quest Realty LLC
3 days on Rocket
$1,009 Closing Credit¹
#20251006114, David Dawood, Listing office: Detroit Progress Realty LLC
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MLS Disclaimers and Copyright
Based on information from RealComp II Ltd., Michigan Regional Information Center LLC, and MiRealSource Inc. DL for the period 06/01/2023 - 06/01/2025
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: 6/10/2025, 7:45:31 AM 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: 6/10/2025, 7:40:33 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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: 6/10/2025, 7:45:34 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.