Why Live in Grosse Pointe Farms
Grosse Pointe Farms, Michigan, is an eastern suburb of Detroit located along the shores of Lake St. Clair, just 15 miles from downtown. This area features leafy, tree-lined streets, manicured lawns, and a variety of home styles, including Colonial Revivals, Tudor Revivals, cozy cottages, and some midcentury designs. The community is known for its well-maintained sidewalks and lush landscaping, creating a natural and inviting atmosphere. Residents enjoy numerous attractions, such as Pier Park, where they can swim, play pickleball, or set sail from the marina. The nearby Crescent Sail Yacht Club offers sailing lessons and fleet racing. Golf enthusiasts will appreciate the proximity to the Country Club of Detroit, which boasts an 18-hole golf course and luxury clubhouse. For indoor activities, LA Fitness on Mack Avenue is a convenient option. The local schools, including Kerby Elementary School, Brownell Middle School, and Grosse Pointe South High School, are highly rated, providing excellent educational opportunities. Dining options include the upscale Bronze Door restaurant, and for shopping needs, residents can visit the nearby Kercheval Place shopping plaza with Trader Joe’s and Kroger. Commuting to Detroit is straightforward via Interstate 94, with a 20-minute drive to downtown, and public transit options are available along major roads. Grosse Pointe Farms offers a serene suburban lifestyle with easy access to urban amenities.
Frequently Asked Questions
What is the average home price in Grosse Pointe Farms, MI?
Homes for sale in Grosse Pointe Farms, MI have an average home price of $817,734.
How many homes have sold over the last 12 months in Grosse Pointe Farms, MI?
245 homes have sold in Grosse Pointe Farms, MI over the last 12 months.
What are the most popular zip codes in Grosse Pointe Farms, MI?
How much do you need to make to afford a house in Grosse Pointe Farms?
The median home price in Grosse Pointe Farms is $599,000. If you put a 20% down payment of $119,800 and had a 30-year fixed mortgage with an interest rate of 6.72%, your estimated principal and interest payment would be $3,100 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $133K a year to afford the median home price in Grosse Pointe Farms.
How are the schools in Grosse Pointe Farms, MI?
Home Trends in Grosse Pointe Farms, MI
On average, homes in Grosse Pointe Farms, MI sell after 28 days on the market compared to the national average of 50 days. The median sale price for homes in Grosse Pointe Farms, MI over the last 12 months is $580,000, up 20% from the median home sale price over the previous 12 months.
Median Sale Price
$580,000
Median Single Family Sale Price
$599,000
Average Price Per Sq Ft
$262
Number of Homes for Sale
17
Last 12 months Home Sales
245
Median List Price
$599,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
20%