Higbie Maxon Agney is pleased to offer it's 2025 Grosse Pointe Real Estate Annual Report. Within this report you will find information on median sale prices, sales volume, real estate trends, and much more.
Our goal is to give you an accurate and complete picture of the 2025 Grosse Pointe housing market. All the graphs were produced internally for Higbie Maxon Agney using MiRealSource multiple listing service. We are confident that these are the best statistics currently available on the Grosse Pointe housing market, and we hope that you will find the contents of this report readable and useful. Over the coming months we will use this information to help our clients make informed, educated real estate decisions.
Market Summary – 2025:
The start of the year was an exciting time, with new beginnings, and possibilities. What transpired over the 12 months was an interesting year for both buyers and sellers. For sellers it became apparent it was a good time to sell due to the lack of competition. This resulted in many homes selling quickly and for above average price. However, for buyers, they had the challenge of limited inventory, unpredictable mortgage rates, and economic uncertainty.
During the summer months, generally peak selling season for the real estate market in Grosse Pointe, there were some fabulous homes for sale covering a broad spectrum of price points. The end of the year proved to be a good time to list a home for sale thanks in part to the slight reduction in mortgage rates, buyers looking to move, and the reduced inventory.
Despite the challenging year I do have some impressive statistics to share:
- The Grosse Pointe median price in 2025 was $450,000, a respectable 17% increase since 2021.
- Four out of five cities saw an increase in their median sales price over the past twelve months.
- The median price in the city has increased by an incredible 54% since 2021, taking it above $600,000 for the first time.
- 59 homes were sold priced $1million or over, the highest number in over a decade.
- The average price of a Condominium went above $400,000 for the first time*.
- Most sales were recorded during the peak selling season, May through August, while the fall recorded the highest number of sales since 2022.
*Please note we are continuing to use the average sales price for Condominiums and multi-family homes.
Forecast for 2026:
As you would expect, many questions remain about how the housing market might change in 2026. There are high expectations that improved mortgage rates, increased inventory, and more affordable options will help create a more balanced market.
Many experts have suggested a more balanced market could mean price growth would steady, slightly lower mortgage rates may offer breathing room, while negotiating power could tilt subtly toward buyers. As for sellers, home prices are expected to continue to climb in 2026, adding 2.2% median price appreciation to a typical home sold. Source: Realtor.com.
Increased sales are also expected in 2026, a sign that more buyers will be able to successfully navigate the market’s challenges. This may be helped by the “creative” mortgage options that many banks are now offering to help buyers.
Whatever happens over the coming months, we will be with you every step of the way.
To access the full report please click on the image below.
Posted by Kay Agney on
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