$4,749 Closing Credit*
$399,900
2,690 SqFt
3 Beds
•1 Full Bath, 1 Partial
Robert J Deiz, Listing Office: Keller Williams Home
Is Grosse Pointe Woods, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Grosse Pointe Woods has remained a Seller's Market.
Key Takeaway
Grosse Pointe Woods is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Grosse Pointe Woods, MI
How much do homes in Grosse Pointe Woods, MI cost?
Median Sold Price
$330,000
$178/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$30,000(+10.0%)
Key Takeaway
Homes in Grosse Pointe Woods have sold for 10% more than they did a year ago.
Summary: The median home sold price in Grosse Pointe Woods was $330,000 in November 2024, up 10% from last year, and the median price per square foot was $178.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $233.5K | $291.5K | +24.8% |
| 3 Bedrooms | $290.2K | $310K | +6.8% |
| 4 Bedrooms | $375K | $437.5K | +16.7% |
| 5+ Bedrooms | $612.6K | $424K | -30.8% |
Summary: Grosse Pointe Woods housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 24.8%, 3 bedroom homes increased by 6.8%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes decreased by 30.8%.
Median Sold Price Compared To Nearby Cities
| Grosse Pointe Farms | $460K | $559.5K | +21.6% |
| Harper Woods | $135K | $149.5K | +10.7% |
| Grosse Pointe Woods | $300K | $330K | +10.0% |
| Saint Clair Shores | $214.7K | $235K | +9.4% |
Housing Supply in Grosse Pointe Woods, MI
How many homes are available in Grosse Pointe Woods, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 69 | 66 | -4.3% |
Summary: The Grosse Pointe Woods real estate market had 66 homes for sale in November 2024, a 4.3% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 8 | 6 | -25.0% |
| 3 Bedrooms | 42 | 38 | -9.5% |
| 4 Bedrooms | 18 | 18 | 0.0% |
| 5+ Bedrooms | 1 | 4 | +300.0% |
Summary: The Grosse Pointe Woods housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 25%, 3 bedroom homes decreased by 9.5%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 300%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 22 | 16 | -27.3% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Grosse Pointe Woods, you may be able to get a good deal. 87.5% of homes here sold below asking price last month.
Summary: A total of 16 homes were sold or pending in Grosse Pointe Woods in November 2024, down by 27.3% month-over-month. Of the 16 sold homes, 88% were sold under asking, 13% were sold at asking, and 0% were sold over asking.
Days on Market for Grosse Pointe Woods, MI
How long does it take to sell a home in Grosse Pointe Woods, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 36 Days | 49 Days | +36.0% |
Summary: Homes in Grosse Pointe Woods had an average of 49 days on market in Nov 2024, up by 36% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Grosse Pointe Woods are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 16 homes were sold in Grosse Pointe Woods; 44% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 25% 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. 
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 2024 Grand Rapids Association of REALTORS® / Copyright © MichRIC, LLC. / MLS Exchange Inc. All rights reserved.