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

ZipMedian Est. Value
48138

$ 493,322

$ 184/sqft

Housing Market Summary for Grosse Ile, MI

Apr 2023March 2024Change
Median Listing Price$322.3K$319.9K-0.74%
Median Sold Price$374.2K$319.9K-14.51%
Homes For Sale182011.11%
Homes Sold172119-30.81%
Price
$/Sqft
Homes For Sale
0
0

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%.

0
0

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.

Foreclosure
There is 1 zips within Grosse Ile, MI; within this zips, the median estimated home value for homes in foreclosure ranges from $311,349 in 48138 to the lowest value of $311,349 in 48138. Foreclosure homes account for 0.00% of properties in Grosse Ile, MI with 48138 containing 1 foreclosures, the highest number of foreclosure properties in a single zip.
  • Pre-Foreclosure
    Pre-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 Owned
    The 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.
  • Auctions
    48138 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.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.41% of residential properties in Grosse Ile, MI with 48138 containing 18 homes for sale, the highest number of listed properties in a single zip. There is 1 zips within Grosse Ile, MI; homes for sale in that zips, have a range of median values from $1,750,000 in 48138 to the lowest value of $165,000 in 48138.
    Sold Homes
    The median value for recently sold homes ranges from $2,003,862 in 48138 to the lowest price of $43,130 in 48138. There is 1 zips within Grosse Ile, MI. 48138 has 133 recently sold homes, the highest number of recently sold properties in a single zip. Recently sold homes and properties account for 3.04% of properties in Grosse Ile, MI.

      Compare Nearby Cities

      Price
      $/Sqft
      Homes For Sale
      0
      0
      Grosse Ile, MI
      $
      $

      Guide for Grosse Ile, MI

      RealtyTrac Market Report
      Michigan
      2023 Michigan Real Estate Market: Analysis Reveals Booming Property Values and Volatile Sold Prices
      Michigan
      Detroit Real Estate Market Holds Steady: 2023 in Review
      Investment Guides
      Why Buying a Foreclosure is a Smart Move
      A new house being built
      Investment Financing
      What Type of Loan Is Best for First-Time Home Buyers?
      See More Articles
      RealtyTrac Market Report
      2023 Michigan Real Estate Market: Analysis Reveals Booming Property Values and Volatile Sold Prices
      Michigan|posted 8 December 2023

      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.

      Detroit Real Estate Market Holds Steady: 2023 in Review
      Michigan|posted 25 January 2024

      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
      Investment Guides|posted 15 November 2017

      Why Buying a Foreclosure is a Smart Move

      A new house being built
      What Type of Loan Is Best for First-Time Home Buyers?
      Investment Financing|posted 9 April 2024

      Buying a new home is an important milestone for many. But how do you make sure you pick the right mortgage?

      Recently Listed Homes Grosse Ile, MI

      No data to show