$2,482 Closing Credit*
$209,000
1,342 SqFt
2 Beds
•2 Full Baths
S Brooke MacNee, Listing Office: MBA Realty
Is Grosse Ile, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
Since last year, Grosse Ile has remained a Seller's Market.
Key Takeaway
Grosse Ile is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Grosse Ile, MI
How much do homes in Grosse Ile, MI cost?
Median Sold Price
$385,000
$151/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$35,100(+10.0%)
Key Takeaway
Homes in Grosse Ile have sold for 10% more than they did a year ago.
Summary: The median home sold price in Grosse Ile was $385,000 in December 2024, up 10% from last year, and the median price per square foot was $151.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $138K | $93.5K | -32.2% |
| 2 Bedrooms | $185K | $176K | -4.9% |
| 3 Bedrooms | $335K | $335K | 0.0% |
| 4 Bedrooms | $455.5K | $487.5K | +7.0% |
| 5+ Bedrooms | $650K | $540K | -16.9% |
Summary: Grosse Ile housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 32.2%, 2 bedroom homes decreased by 4.9%, 3 bedroom homes did not change, 4 bedroom homes increased by 7%, and 5+ bedroom homes decreased by 16.9%.
Median Sold Price Compared To Nearby Cities
| Grosse Ile | $349.9K | $385K | +10.0% |
| Grosse Ile Township | $349.9K | $385K | +10.0% |
| Wyandotte | $180K | $190K | +5.6% |
| Trenton | $225K | $235K | +4.4% |
Housing Supply in Grosse Ile, MI
How many homes are available in Grosse Ile, MI?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 47 | 43 | -8.5% |
Summary: The Grosse Ile real estate market had 43 homes for sale in December 2024, a 8.5% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 9 | 10 | +11.1% |
| 3 Bedrooms | 15 | 12 | -20.0% |
| 4 Bedrooms | 22 | 18 | -18.2% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Grosse Ile housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 11.1%, 3 bedroom homes decreased by 20%, 4 bedroom homes decreased by 18.2%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 9 | 13 | +44.4% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Grosse Ile, you may be able to get a good deal. 53.8% of homes here sold below asking price last month.
Summary: A total of 13 homes were sold or pending in Grosse Ile in December 2024, up by 44.4% month-over-month. Of the 13 sold homes, 54% were sold under asking, 31% were sold at asking, and 15% were sold over asking.
Days on Market for Grosse Ile, MI
How long does it take to sell a home in Grosse Ile, MI?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 22 Days | 26 Days | +17.4% |
Summary: Homes in Grosse Ile had an average of 26 days on market in Dec 2024, up by 17.4% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Grosse Ile are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 13 homes were sold in Grosse Ile; 69% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
Disclaimer: Information deemed reliable, but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor this broker shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of MichRIC, LLC. Real estate listings held by brokerage firms other than this broker are marked with the BR logo and detailed information includes the name of the listing broker. Copyright 2025 Grand Rapids Association of REALTORS® / Copyright © MichRIC, LLC. / MLS Exchange Inc. All rights reserved.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS.