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Featured local agent — Grosse Pointe, MI
Sarah Mitchell
Compass Real Estate · Grosse Pointe, MI
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Grosse Pointe, MI Housing Market & Real Estate
Housing market overview · Updated monthly ·
$325,500median sale price
How is the Grosse Pointe, MI housing market right now?
The median home sale price in Grosse Pointe, MI is $325,500, down 46.2% year-over-year. Homes sell in an average of 26 days with 15 active listings. The market is currently a seller's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Grosse Pointe a buyer's or seller's market?
Grosse Pointe, MI is currently a seller's market, based on 0.9 months of supply and homes selling in about 26 days. How we determine this →
Homes sold
16
Last 12 weeks
Days on market
26
Average pace
Active listings
15
0.9 months supply
Sale-to-list
96.4%
Below asking
What does the Grosse Pointe housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $325,500 |
| Median list price | $525,000 |
| Year-over-year price change | -46.2% |
| Average days on market | 26 days |
| Active inventory | 15 listings |
| Months of supply | 0.9 months |
| Sale-to-list price ratio | 96.4% |
| Median price per sq ft | $229/sq ft |
| Homes sold (latest month) | 16 |
| New listings (latest month) | 15 |
| Listings with a price cut | 6.7% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Grosse Pointe by property type?
How the Grosse Pointe, MI market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $550,000 | $255/sq ft | 9 | 24 days |
| Condo / Co-op | $110,000 | $148/sq ft | 5 | 77 days |
Source: Redfin · Updated monthly
The Grosse Pointe housing market is currently classified as a seller's market with a median sale price of $325,500. Prices have fallen 46.2% compared to last year, with homes spending an average of 26 days on market, indicating 0.9 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 3.4x provides context for how home values compare to local earning capacity.
Homes for sale in Grosse Pointe
There are currently 15 homes listed for sale in Grosse Pointe, Michigan. The median listing price is $525K.
Active listings
15
Homes on market
Median list price
$525K
Avg. days on market
26
Days until sale
New this week
15
Newly listed
Who lives in Grosse Pointe?
Population
5,561
Median income
$141,985/yr
Median age
43.5 years
Owner-occupied
84.2%
College grads
74.5%
Avg commute
23.4 min
Source: U.S. Census Bureau ACS
What are homes worth in Grosse Pointe?
Zillow home value
$487,850
Zillow rent index
$1,925/mo
Price-to-rent ratio
21.1x
Price-to-income
3.4x
Source: Zillow Research
What is it like to live in Grosse Pointe?
Grosse Pointe is a community of approximately 6K residents with a median age of 43.5 years.The median household income is $141,985, which reflects a relatively affluent area with strong earning potential. 74.5% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 84.2%, reflecting strong community stability and long-term resident commitment. The average commute time is 23.4 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Grosse Pointe offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Grosse Pointe?
1 schools tracked · 258 students
The largest public schools serving Grosse Pointe, MI by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Lewis Maire Elementary School
Grades K-4 · 258 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Grosse Pointe, MI?
Want a head-to-head view? Compare Grosse Pointe side-by-side with any other U.S. city using our market-comparison tool.
Is Grosse Pointe a good real estate investment market?
For investors evaluating Grosse Pointe, the price-to-rent ratio of 21.1x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has softened 46.2% year-over-year, potentially creating entry opportunities for strategic buyers.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Grosse Pointe's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Grosse Pointe's median home price.
Frequently asked questions
What is the average home price in Grosse Pointe?
The median home sale price in Grosse Pointe is $325,500, down 46.2% from last year.
How long do homes stay on market in Grosse Pointe?
Homes typically spend 26 days on market before going under contract.
What is the median income in Grosse Pointe?
The median household income is $141,985 per year.
Is Grosse Pointe a buyer's or seller's market?
With 0.9 months of supply, Grosse Pointe is currently a seller's market.
What is the Zillow home value estimate for Grosse Pointe?
The Zillow Home Value Index (ZHVI) for Grosse Pointe is $487,850, representing the typical home value in the area.
What is the median condo price in Grosse Pointe?
The median condo/co-op sale price in Grosse Pointe, MI is $110,000, compared to $550,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Grosse Pointe?
The median single-family home price in Grosse Pointe, MI is $550,000 (about $255 per square foot).
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