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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Eastpointe is a seller's market

Buyer's
Market

Difference Since December 2023

Since last year, Eastpointe has remained a Seller's Market.

Key Takeaway

Eastpointe is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Eastpointe, MI

How much do homes in Eastpointe, MI cost?

Median Sold Price

$159,900

$112/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$16,100(+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 $159,900 in December 2024, up 11.2% from last year, and the median price per square foot was $112.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $30.2K$43.2K
+43.2%
2 $103K$116K
+12.6%
3 $145.9K$161K
+10.3%
4 $165K$178K
+7.9%
5+ $197.5K$189.9K
-3.8%

Summary: Eastpointe housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 43.2%, 2 bedroom homes increased by 12.6%, 3 bedroom homes increased by 10.3%, 4 bedroom homes increased by 7.9%, and 5+ bedroom homes decreased by 3.8%.

Median Sold Price Compared To Nearby Cities

Eastpointe
+11.2%
Harper Woods
+10.6%
Saint Clair Shores
+9.3%
Warren
+5.4%
Roseville
+4.9%

Housing Supply in Eastpointe, MI

How many homes are available in Eastpointe, MI?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
137140+2.2%

Summary: The Eastpointe real estate market had 140 homes for sale in December 2024, a 2.2% increase compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 33
0.0%
2 2521
-16.0%
3 9499
+5.3%
4 1416
+14.3%
5+ 11
0.0%

Summary: The Eastpointe housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 16%, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
2132+52.4%

Asking Price vs. Sold Price

13 Homes Were Sold
Under Asking

13 Homes Were Sold
At Asking

6 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. 40.6% of homes here sold below asking price last month.

Summary: A total of 32 homes were sold or pending in Eastpointe in December 2024, up by 52.4% month-over-month. Of the 32 sold homes, 41% were sold under asking, 41% were sold at asking, and 19% 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

Dec 2023Dec 2024CHANGE
39 Days45 Days+15.6%

Summary: Homes in Eastpointe had an average of 45 days on market in Dec 2024, up by 15.6% compared to last year.

Breakdown of Home Sale Times

17 Homes Were Sold
Under 30 Days

11 Homes Were Sold
In 30 - 90 Days

4 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 December 2024, 32 homes were sold in Eastpointe; 53% of homes were sold within 30 days, 34% of homes were sold within 30 to 90 days, and 13% 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 4 Days Ago

Newest Listings in Eastpointe, MI

Nearby Markets to Eastpointe, MI

What housing markets are near Eastpointe, MI?