Is Eastpointe, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Eastpointe has remained a Seller's Market.
Housing Prices in Eastpointe, MI
How much do homes in Eastpointe, MI cost?
Median Sold Price
$150,750
$132/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Eastpointe was $150,750 in May 2024, up 6.8% from last year, and the median price per square foot was $132.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $30.2K | N/A |
2 Bedrooms | $110K | $115.5K | +5.0% |
3 Bedrooms | $145.3K | $155K | +6.7% |
4 Bedrooms | $159K | $174K | +9.4% |
5+ Bedrooms | $175K | $178K | +1.7% |
Summary: Eastpointe housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 5%, 3 bedroom homes increased by 6.7%, 4 bedroom homes increased by 9.4%, and 5+ bedroom homes increased by 1.7%.
Median Sold Price Compared To Nearby Cities
Warren | $169.9K | $185.4K | +9.1% |
Saint Clair Shores | $208K | $225K | +8.2% |
Roseville | $153K | $163.5K | +6.9% |
Eastpointe | $141.2K | $150.7K | +6.8% |
Harper Woods | $148.9K | $136.4K | -8.4% |
Housing Supply in Eastpointe, MI
How many homes are available in Eastpointe, MI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
140 | 151 | +7.9% |
Summary: The Eastpointe real estate market had 151 homes for sale in May 2024, a 7.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 4 | +33.3% |
2 Bedrooms | 19 | 26 | +36.8% |
3 Bedrooms | 108 | 111 | +2.8% |
4 Bedrooms | 10 | 8 | -20.0% |
5+ Bedrooms | 0 | 2 | +100.0% |
Summary: The Eastpointe housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 36.8%, 3 bedroom homes increased by 2.8%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
35 | 42 | +20.0% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
23 Homes Were Sold
Over Asking
Summary: A total of 42 homes were sold or pending in Eastpointe in May 2024, up by 20.0% month-over-month. Of the 42 sold homes, 33% were sold under asking, 12% were sold at asking, and 55% were sold over asking.
Days on Market for Eastpointe, MI
How long does it take to sell a home in Eastpointe, MI?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
17 Days | 16 Days | -6.6% |
Summary: Homes in Eastpointe had an average of 16 days on market in May 2024, down by 6.6% compared to last year.
Breakdown of Home Sale Times
36 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 42 homes were sold in Eastpointe; 86% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.