Grosse Ile, MI Home Values & Market Trends
Real estate market trends reflect that there have been 163 transactions over the past year in Grosse Ile. The median value for residential home transactions that occurred over the previous year is $356,798.05. The number of current listings in Grosse Ile is 18, and the percentage of properties for sale in the city is 18.00%. Grosse Ile, MI currently has 1 properties in foreclosure, 0 bank owned properties, 1 properties headed for auction, and 18 properties for sale.
Grosse Ile, MI Real Estate Market Overview
Zip | Median Est. Value |
---|---|
48138 | $ 493,322 $ 184/sqft |
Housing Market Summary for Grosse Ile, MI
Apr 2023 | March 2024 | Change | |
---|---|---|---|
Median Listing Price | $322.3K | $319.9K | -0.74% |
Median Sold Price | $374.2K | $319.9K | -14.51% |
Homes For Sale | 18 | 20 | 11.11% |
Homes Sold | 172 | 119 | -30.81% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Grosse Ile, MI
Browse Homes in Grosse Ile, MI
Grosse Ile home values range from $35,461 to $3,576,342. The median estimated value of a home in Grosse Ile is $356,798.05. The median list price of a home is 499,900, and the total count of properties in the city is 4,371.
- Pre-ForeclosurePre-foreclosure homes account for 0% of all residential properties in Grosse Ile, MI with $[pre-foreclosures-highest-count-region] containing 0 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Grosse Ile, MI; of that zips, the estimated home value for pre-foreclosure homes ranges from $0 in N/A to the lowest home value of $0 in $[pre-foreclosures-lowest-avm-region].
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Grosse Ile, MI ranges from the highest value of $0 in N/A to the lowest value of $0 in N/A. Bank owned homes and properties account for 0% of properties in Grosse Ile, MI. There is 1 zips within Grosse Ile, MI; N/A containing 0 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions48138 has 1 auction properties, the highest number of properties going to auction in a single zip in the state of Grosse Ile, MI. Auction homes and other auction properties account for 0.02% of all properties in Grosse Ile, MI. There is 1 zips within Grosse Ile, MI; of that zips, the median estimated home value for homes going to auction ranges from $311,349 in 48138 to the lowest value of $311,349 in 48138.
Compare Nearby Cities
More Real Estate Resources for Grosse Ile, MI
Guide for Grosse Ile, MI
Explore the nuances of Michigan’s 2023 real estate market, where rising property values meet shifting sold prices and distressed properties offer investment opportunities amidst a stable yet competitive landscape.
The 2023 Detroit real estate market trend showed steady average listing values and an increase in property sales, with neighboring cities displaying more fluctuation but higher property values. This reflects the city’s resilience amidst an unpredictable industry landscape.
Why Buying a Foreclosure is a Smart Move
Buying a new home is an important milestone for many. But how do you make sure you pick the right mortgage?