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Short Sale Listings in Grosse Pointe Woods, MI 48236

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Living in Grosse Pointe Woods, MI

Grosse Pointe Woods is an upscale suburb located along Lake St. Clair, offering a perfect blend of tranquility and urban convenience. Residents appreciate its beautiful homes, excellent public schools, and community-centric events. With close proximity to Detroit, it combines suburban charm with easy access to city amenities.

Current Market Conditions in Grosse Pointe Woods, MI

The real estate market in Grosse Pointe Woods remains strong, with a continued demand for homes in this desirable community. The average home prices have seen a steady increase, driven by the booming local economy and the appeal of its family-friendly environment. The area has become a prime location for families looking for quality education and outdoor activities, which further boosts the market's performance.

As of this month, homebuyers are experiencing heightened interest in Grosse Pointe Woods properties, especially single-family homes. Reports indicate a competitive market with homes receiving multiple offers, which has caused prices to accelerate. Buyers are encouraged to act quickly to find suitable properties, reflecting the ongoing popularity of the area.

Home Value Estimator For Grosse Pointe Woods, MI

There are currently 6,616 real estate properties in Grosse Pointe Woods, MI, with a median automated valuation model (AVM) price of $365,384.00. 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 Woods, 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 Woods, MI, is $397,332.00, with the most expensive house in Grosse Pointe Woods, MI, topping out at $2,355,117.00 and the cheapest home in Grosse Pointe Woods, MI, clocking in at $23,547.00. In other words, there’s something for every potential homebuyer or savvy investor in Grosse Pointe Woods, MI!

Rent Prices In Grosse Pointe Woods, MI

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Grosse Pointe Woods, MI, is on a rollercoaster ride. The average rent price in Grosse Pointe Woods, MI, is $1,835.00. Indeed, when looking to rent in Grosse Pointe Woods, MI, you can expect to pay as little as $840.00 or as much as $3,960.00, with the average rent median estimated to be $1,750.00. The good news is that finding an affordable and desirable property to rent in Grosse Pointe Woods, 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.

Grosse Pointe Woods, MI 48236 Short Sale Listings

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