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Featured local agent — Grosse Pointe Park, MI
Sarah Mitchell
Compass Real Estate · Grosse Pointe Park, MI
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Grosse Pointe Park, MI Housing Market & Real Estate
Housing market overview · Updated monthly ·
$550,000median sale price
How is the Grosse Pointe Park, MI housing market right now?
The median home sale price in Grosse Pointe Park, MI is $550,000, down 15.9% year-over-year. Homes sell in an average of 14 days with 16 active listings. The market is currently a strong 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 Park a buyer's or seller's market?
Grosse Pointe Park, MI is currently a strong seller's market, based on 1.5 months of supply and homes selling in about 14 days. How we determine this →
Homes sold
11
Last 12 weeks
Days on market
14
Fast-moving
Active listings
16
1.5 months supply
Sale-to-list
101.6%
Above asking
What does the Grosse Pointe Park housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $550,000 |
| Median list price | $597,500 |
| Year-over-year price change | -15.9% |
| Average days on market | 14 days |
| Active inventory | 16 listings |
| Months of supply | 1.5 months |
| Sale-to-list price ratio | 101.6% |
| Median price per sq ft | $182/sq ft |
| Homes sold (latest month) | 11 |
| New listings (latest month) | 14 |
| Market condition | Strong seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Grosse Pointe Park by property type?
How the Grosse Pointe Park, 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 | $167/sq ft | 7 | 10 days |
| Condo / Co-op | $365,000 | $220/sq ft | 1 | 92 days |
Source: Redfin · Updated monthly
The Grosse Pointe Park housing market is currently classified as a strong seller's market with a median sale price of $550,000. Prices have fallen 15.9% compared to last year, with homes spending an average of 14 days on market, indicating 1.5 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 4.3x provides context for how home values compare to local earning capacity.
Homes for sale in Grosse Pointe Park
There are currently 16 homes listed for sale in Grosse Pointe Park, Michigan. The median listing price is $598K.
Active listings
16
Homes on market
Median list price
$598K
Avg. days on market
14
Days until sale
New this week
14
Newly listed
Who lives in Grosse Pointe Park?
Population
11,394
Median income
$121,796/yr
Median age
40.5 years
Owner-occupied
74.0%
College grads
71.4%
Avg commute
25.7 min
Source: U.S. Census Bureau ACS
What are homes worth in Grosse Pointe Park?
Zillow home value
$525,161
Zillow rent index
$1,458/mo
Price-to-rent ratio
30.0x
Price-to-income
4.3x
Source: Zillow Research
What is it like to live in Grosse Pointe Park?
Grosse Pointe Park is a community of approximately 11K residents with a median age of 40.5 years.The median household income is $121,796, which reflects a relatively affluent area with strong earning potential. 71.4% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 74.0%, reflecting strong community stability and long-term resident commitment. The average commute time is 25.7 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Grosse Pointe Park offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Grosse Pointe Park?
2 schools tracked · 992 students
The largest public schools serving Grosse Pointe Park, 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.
Pierce Middle School
Grades 5-8 · 528 students
George Defer Elementary School
Grades K-4 · 464 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 Park, MI?
Want a head-to-head view? Compare Grosse Pointe Park side-by-side with any other U.S. city using our market-comparison tool.
Is Grosse Pointe Park a good real estate investment market?
For investors evaluating Grosse Pointe Park, the price-to-rent ratio of 30.0x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has softened 15.9% 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 Park's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Grosse Pointe Park's median home price.
Frequently asked questions
What is the average home price in Grosse Pointe Park?
The median home sale price in Grosse Pointe Park is $550,000, down 15.9% from last year.
How long do homes stay on market in Grosse Pointe Park?
Homes typically spend 14 days on market before going under contract.
What is the median income in Grosse Pointe Park?
The median household income is $121,796 per year.
Is Grosse Pointe Park a buyer's or seller's market?
With 1.5 months of supply, Grosse Pointe Park is currently a strong seller's market.
What is the Zillow home value estimate for Grosse Pointe Park?
The Zillow Home Value Index (ZHVI) for Grosse Pointe Park is $525,161, representing the typical home value in the area.
What is the median condo price in Grosse Pointe Park?
The median condo/co-op sale price in Grosse Pointe Park, MI is $365,000, 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 Park?
The median single-family home price in Grosse Pointe Park, MI is $550,000 (about $167 per square foot).
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