$6,531 Closing Credit*
$550,000
3,323 SqFt
4 Beds
•2 Full Baths, 1 Partial
Heather Polites, Listing Office: MBA Realty
Is Grosse Ile Township, 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, Grosse Ile Township was a Neutral Market.
Key Takeaway
Grosse Ile Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Grosse Ile Township, MI
How much do homes in Grosse Ile Township, MI cost?
Median Sold Price
$370,000
$174/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$16,750(+4.7%)
Key Takeaway
Homes in Grosse Ile Township have sold for 4.7% more than they did a year ago.
Summary: The median home sold price in Grosse Ile Township was $370,000 in October 2024, up 4.7% from last year, and the median price per square foot was $174.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $138K | $93.5K | -32.2% |
| 2 Bedrooms | $187.5K | $176K | -6.1% |
| 3 Bedrooms | $345K | $333K | -3.5% |
| 4 Bedrooms | $457.5K | $465.7K | +1.8% |
| 5+ Bedrooms | $467.5K | $580K | +24.1% |
Summary: Grosse Ile Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 32.2%, 2 bedroom homes decreased by 6.1%, 3 bedroom homes decreased by 3.5%, 4 bedroom homes increased by 1.8%, and 5+ bedroom homes increased by 24.1%.
Median Sold Price Compared To Nearby Cities
| Wyandotte | $180K | $190K | +5.6% |
| Grosse Ile Township | $353.2K | $370K | +4.7% |
| Grosse Ile | $353.2K | $370K | +4.7% |
| Trenton | $225K | $235K | +4.4% |
Housing Supply in Grosse Ile Township, MI
How many homes are available in Grosse Ile Township, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 52 | 48 | -7.7% |
Summary: The Grosse Ile Township real estate market had 48 homes for sale in October 2024, a 7.7% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 7 | 5 | -28.6% |
| 3 Bedrooms | 19 | 17 | -10.5% |
| 4 Bedrooms | 23 | 24 | +4.3% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Grosse Ile Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 28.6%, 3 bedroom homes decreased by 10.5%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 16 | 10 | -37.5% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Grosse Ile Township, you may be able to get a good deal. 70% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in Grosse Ile Township in October 2024, down by 37.5% month-over-month. Of the 10 sold homes, 70% were sold under asking, 20% were sold at asking, and 10% were sold over asking.
Days on Market for Grosse Ile Township, MI
How long does it take to sell a home in Grosse Ile Township, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 15 Days | 48 Days | +211.5% |
Summary: Homes in Grosse Ile Township had an average of 48 days on market in Oct 2024, up by 211.5% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Grosse Ile Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 10 homes were sold in Grosse Ile Township; 40% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS.