Is Eastpointe, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Eastpointe is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Eastpointe was a Seller's Market.

Key Takeaway

Eastpointe is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Eastpointe, MI

How much do homes in Eastpointe, MI cost?

Median Sold Price

$159,912

$109/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$16,045(+11.2%)

Key Takeaway

Homes in Eastpointe have sold for 11.2% more than they did a year ago.

Summary: The median home sold price in Eastpointe was $159,912 in November 2024, up 11.2% from last year, and the median price per square foot was $109.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $30.2K$43.2K
+43.2%
2 $103.4K$124.5K
+20.4%
3 $147K$160K
+8.8%
4 $157K$183.5K
+16.9%
5+ $201K$189.9K
-5.5%

Summary: Eastpointe housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 43.2%, 2 bedroom homes increased by 20.4%, 3 bedroom homes increased by 8.8%, 4 bedroom homes increased by 16.9%, and 5+ bedroom homes decreased by 5.5%.

Median Sold Price Compared To Nearby Cities

Eastpointe
+11.2%
Harper Woods
+10.7%
Roseville
+9.5%
Saint Clair Shores
+9.4%
Warren
+8.2%

Housing Supply in Eastpointe, MI

How many homes are available in Eastpointe, MI?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
138157+13.8%

Summary: The Eastpointe real estate market had 157 homes for sale in November 2024, a 13.8% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 12
+100.0%
2 2528
+12.0%
3 95108
+13.7%
4 1718
+5.9%
5+ 01
+100.0%

Summary: The Eastpointe housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 12%, 3 bedroom homes increased by 13.7%, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
3121-32.3%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Eastpointe, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.

Summary: A total of 21 homes were sold or pending in Eastpointe in November 2024, down by 32.3% month-over-month. Of the 21 sold homes, 43% were sold under asking, 19% were sold at asking, and 38% 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

Nov 2023Nov 2024CHANGE
27 Days34 Days+23.7%

Summary: Homes in Eastpointe had an average of 34 days on market in Nov 2024, up by 23.7% compared to last year.

Breakdown of Home Sale Times

14 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Eastpointe are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 21 homes were sold in Eastpointe; 67% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 2 Days Ago

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