Grosse Pointe, MI Foreclosures
How much do homes sell for in Grosse Pointe, MI?
The average home price is currently $613,629.
In Grosse Pointe, MI, how many homes are available?
There are currently 36 active home listings available in Grosse Pointe.
What’s the average rental cost in Grosse Pointe, MI?
The average rental price in Grosse Pointe is $1,687.
What is the most expensive home in Grosse Pointe?
The most expensive home sold in Grosse Pointe had a price of $3,924,300.
What is currently the cheapest priced home in Grosse Pointe, MI?
The cheapest home for sale in Grosse Pointe is priced at $28,097.
Living in Grosse Pointe, MI
Grosse Pointe, Michigan, is a picturesque suburban community with an affluent history and a strong sense of community. It features beautiful waterfront views, top-tier schools, and a vibrant downtown. With rich cultural and recreational offerings, Grosse Pointe is an ideal place for families and individuals alike.
Current Market Conditions in Grosse Pointe, MI
Grosse Pointe's real estate market has remained strong, characterized by a competitive landscape where homes sell quickly due to high demand. The suburban nature of the city, along with its good schools and safety, makes it appealing to families, leading to stable home values and a low inventory.
In terms of trends, Grosse Pointe has seen an increasing interest from buyers looking for upscale homes, and sellers are benefiting from increasing prices as the demand continues to outpace supply.
Home Value Estimator For Grosse Pointe, MI
There are currently 120 real estate properties
in Grosse Pointe, MI,
with a median automated valuation model (AVM) price
of $430,117.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Grosse Pointe, MI, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Grosse Pointe, MI,
is $613,629.00, with the most expensive house
in Grosse Pointe, MI, topping out
at $3,924,300.00 and the cheapest home
in Grosse Pointe, MI,
clocking in at $28,097.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Grosse Pointe, MI!
Rent Prices
In Grosse Pointe, MI
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Grosse Pointe, MI, is on
a rollercoaster ride. The
average rent price in Grosse Pointe, MI,
is $1,687.00. Indeed, when looking to rent in
Grosse Pointe, MI, you can expect to pay as little
as $840.00 or as much
as $3,120.00,
with the average rent median estimated to
be $1,580.00. The good news is that finding
an affordable and desirable property to rent in Grosse Pointe, MI
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
Learn more on Foreclosure homes
