$1,188 Closing Credit*
$100,000
936 SqFt
4 Beds
•1 Full Bath
Celeste Gee, Listing Office: RE/MAX Leading Edge
Is Ecorse, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Ecorse was a Seller's Market.
Key Takeaway
Ecorse is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Ecorse, MI
How much do homes in Ecorse, MI cost?
Median Sold Price
$84,999
$79/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$9,999(+13.3%)
Key Takeaway
Homes in Ecorse have sold for 13.3% more than they did a year ago.
Summary: The median home sold price in Ecorse was $84,999 in October 2024, up 13.3% from last year, and the median price per square foot was $79.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $37.5K | N/A |
| 2 Bedrooms | $51K | $62K | +21.6% |
| 3 Bedrooms | $84.8K | $93K | +9.6% |
| 4 Bedrooms | $94K | $92K | -2.1% |
| 5+ Bedrooms | $120K | $168K | +40.0% |
Summary: Ecorse housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 21.6%, 3 bedroom homes increased by 9.6%, 4 bedroom homes decreased by 2.1%, and 5+ bedroom homes increased by 40%.
Median Sold Price Compared To Nearby Cities
| River Rouge | $75K | $90K | +19.9% |
| Ecorse | $75K | $84.9K | +13.3% |
| Lincoln Park | $140K | $149.9K | +7.1% |
| Wyandotte | $180K | $190K | +5.6% |
Housing Supply in Ecorse, MI
How many homes are available in Ecorse, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 30 | 34 | +13.3% |
Summary: The Ecorse real estate market had 34 homes for sale in October 2024, a 13.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 8 | 11 | +37.5% |
| 3 Bedrooms | 18 | 17 | -5.6% |
| 4 Bedrooms | 3 | 5 | +66.7% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Ecorse housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 37.5%, 3 bedroom homes decreased by 5.6%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 3 | -57.1% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Ecorse, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Ecorse in October 2024, down by 57.1% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for Ecorse, MI
How long does it take to sell a home in Ecorse, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 24 Days | 25 Days | +6.0% |
Summary: Homes in Ecorse had an average of 25 days on market in Oct 2024, up by 6% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Ecorse has remained consistent over time.
Summary: During October 2024, 3 homes were sold in Ecorse; 33% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
