Explore Grosse Pointe Woods, MI - Market Insights, Demographics, Crime, Trends & Hotspots

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Median Price
$350,000

Market Insights

The housing market in Grosse Pointe Woods continues to see strong price appreciation, with values up 30.6% compared to last year. Home prices have decreased 9.1% in the past month. With 2.8 months of supply, Grosse Pointe Woods's inventory levels remain relatively tight. Homes are now taking an average of 30 days to sell, significantly longer than the 15 days typical for this market. A significant 32.4% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Approximately 23.1% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the Grosse Pointe Woods market with the affordability index at 115.5. Based on current market indicators, home prices in Grosse Pointe Woods are projected to decrease by approximately 5.9% over the next month.

Demographics market for - Grosse Pointe Woods, MI

Total Population -

15,388

White Population

90.73%

Black Population

4.88%

Mexican36.21% (0.57% of total population)
Puerto Rican7.82% (0.12% of total population)
Cuban27.98% (0.44% of total population)
Dominican5.35% (0.08% of total population)
Salvadoran0%
Costa Rican0%
Gautemalan3.29% (0.05% of total population)
Honduran2.06% (0.03% of total population)
Nicaraguan0%
Panamanian0%
Argentinean0%
Bolivian0%
Chilean0%
Colombian2.47% (0.04% of total population)
Ecuadorian10.29% (0.16% of total population)
Peruvian0%
Uruguyan4.53% (0.07% of total population)
Venezuelan0%

Indian 38.27% (0.60% of total population)
Bangladeshi 0%
Chinese 9.05% (0.14% of total population)
Bhutanese 0%
Burmese 0%
Filipino 4.53% (0.07% of total population)
Hmong 0%
Indonesian 0%
Japanese 4.53% (0.07% of total population)
Korean 11.11% (0.18% of total population)
Laotian 0%
Malaysian 0%
Mongolian 0%
Nepalese 0%
Pakistani 48.56% (0.77% of total population)
Srilankan 0%
Taiwanese 0%
Pakistani 48.56% (0.77% of total population)
Srilankan 0%
Taiwanese 0%
Thai 4.53% (0.07% of total population)
Vietnamese 8.64% (0.14% of total population)

Hawaiian0%
Samoan0%
Chamorro0%
Fijian0%
Marshallese0%

Crime for - Grosse Pointe Woods, MI

Robbery100.00%

Homicide Offenses100.00%

Larceny/Theft Offenses50.00%
Motor Vehicle Theft25.00%
Stolen Property Offenses25.00%

Assault Offenses100.00%

Real Estate Market Prediction for - Grosse Pointe Woods, MI

City Hotspots
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