Ecorse, MI Home Values & Market Trends
Real estate market trends reflect that there have been 136 transactions over the past year in Ecorse. The median value for residential home transactions that occurred over the previous year is $70,440.54. The number of current listings in Ecorse is 18, and the percentage of properties for sale in the city is 18.00%. Ecorse, MI currently has 7 properties in foreclosure, 4 bank owned properties, 3 properties headed for auction, and 18 properties for sale.
Ecorse, MI Real Estate Market Overview
| Zip | Median Est. Value |
|---|---|
| 48229 | $ 72,021 $ 65/sqft |
Housing Market Summary for Ecorse, MI
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $79,900 | $65,471.5 | -18.06% |
| Median Sold Price | $63,700 | $65,471.5 | 2.78% |
| Homes For Sale | 17 | 20 | 17.65% |
| Homes Sold | 186 | 84 | -54.84% |
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 Ecorse, MI
Browse Homes in Ecorse, MI
Ecorse home values range from $17,318 to $510,900. The median estimated value of a home in Ecorse is $70,440.54. The median list price of a home is 81,749.5, and the total count of properties in the city is 3,175.
- Pre-ForeclosurePre-foreclosure homes account for 0% of all residential properties in Ecorse, 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 Ecorse, 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 Ecorse, MI ranges from the highest value of $78,298 in 48229 to the lowest value of $44,644 in 48229. Bank owned homes and properties account for 0.13% of properties in Ecorse, MI. There is 1 zips within Ecorse, MI; 48229 containing 4 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions48229 has 3 auction properties, the highest number of properties going to auction in a single zip in the state of Ecorse, MI. Auction homes and other auction properties account for 0.09% of all properties in Ecorse, MI. There is 1 zips within Ecorse, MI; of that zips, the median estimated home value for homes going to auction ranges from $76,025 in 48229 to the lowest value of $69,016 in 48229.
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Guide for Ecorse, 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
Information on foreclosure financing, refinancing, and foreclosure mortgages.