Why Live in Grosse Pointe Shores
Grosse Pointe Shores, MI, located approximately 15 miles east of downtown Detroit, is a waterfront community known for its luxurious homes and proximity to Lake Saint Clair. The area features a mix of early and mid-20th-century homes, including Colonial Revivals, Tudor Revivals, ranches, and midcentury styles, with sizes ranging from 1,700 to 8,000 square feet. The Grosse Pointe Public School System serves the community, with highly rated schools such as Ferry Elementary School, Parcells Middle, and Grosse Pointe North High. Private education options include the University Liggett School, which boasts an A-plus rating. Residents enjoy various attractions, including Osius Municipal Park, which offers pickleball and tennis courts, a public swimming pool, and a playground. The Grosse Pointe Yacht Club and the Country Club of Detroit provide additional recreational opportunities. The historic Ford House, a National Historic Landmark, is also a notable point of interest. Safety is a significant advantage, with crime rates lower than the national average. Dining and shopping options are conveniently located on Mack Avenue, with a variety of restaurants and grocery stores within a short drive. Commuters benefit from easy access to Interstate 94, making the drive to downtown Detroit about 20 minutes. Public transit is available via SMART bus stops along main streets like Lake Shore Road.
Frequently Asked Questions
What is the average home price in Grosse Pointe Shores, MI?
Homes for sale in Grosse Pointe Shores, MI have an average home price of $1,125,520.
How many homes have sold over the last 12 months in Grosse Pointe Shores, MI?
67 homes have sold in Grosse Pointe Shores, MI over the last 12 months.
What are the most popular zip codes in Grosse Pointe Shores, MI?
How much do you need to make to afford a house in Grosse Pointe Shores?
The median home price in Grosse Pointe Shores is $800,000. If you put a 20% down payment of $160,000 and had a 30-year fixed mortgage with an interest rate of 6.72%, your estimated principal and interest payment would be $4,140 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $177K a year to afford the median home price in Grosse Pointe Shores.
How are the schools in Grosse Pointe Shores, MI?
Home Trends in Grosse Pointe Shores, MI
On average, homes in Grosse Pointe Shores, MI sell after 46 days on the market compared to the national average of 50 days. The median sale price for homes in Grosse Pointe Shores, MI over the last 12 months is $710,000, up 9% from the median home sale price over the previous 12 months.
Median Sale Price
$710,000
Median Single Family Sale Price
$815,000
Average Price Per Sq Ft
$270
Number of Homes for Sale
9
Last 12 months Home Sales
67
Median List Price
$800,000
Median Change From 1st List Price
4%
Median Home Sale Price YoY Change
9%