Home Values

Grosse Pointe Woods Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$192,900

  • 7.4% 1-year change
  • 1.9% 1-year forecast

The median home value in Grosse Pointe Woods is $192,900. Grosse Pointe Woods home values have gone up 7.4% over the past year and Zillow predicts they will rise 1.9% within the next year. The median list price per square foot in Grosse Pointe Woods is None.

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Grosse Pointe Woods is 2.9%, which is lower than the national value of 6.3%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Grosse Pointe Woods homeowners underwater on their mortgage is 14.4%, which is lower than Detroit Metro at 21.3%.

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Relative ZHVI
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Grosse Pointe Woods Market Overview

Data through Mar 31, 2015
  • $192,900 ZHVI
  • 1.9% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Mar 31, 2016)
  • No data Median listing price
  • $183,775 Median sale price (Jan 31, 2015)
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Grosse Pointe Woods Market Health

Data through Mar 31, 2015
  • 4.7/10 Stable
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
    (Feb 28, 2015)
  • No data Average days on Zillow
  • 14.4% Homes with negative equity (16.9% US Avg) (Dec 31, 2014)
  • 2.9% Delinquent on mortgage (6.3% US Avg) (Dec 31, 2014)
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Nearby Cities

Name Median ZHVI
Grosse Pointe Shores $430,000
Grosse Pointe Farms $272,200
Grosse Pointe Park $258,200
Name Median ZHVI
Grosse Pointe $233,100
Saint Clair Shores $97,800
Warren $83,500
Name Median ZHVI
Roseville $58,700
Harper Woods $53,200
Eastpointe $53,000

Listings & Sales

Data through Jan 31, 2015
  • No recent data Median list price / sq ft
  • $108 Median sale price / sq ft
  • No data Listings with price cut
19.1%
Sold below listing
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Grosse Pointe Woods Rentals

Data through Mar 31, 2015
  • Zillow Rent Index

  • $1,293 Grosse Pointe Woods
    $1,116 Detroit Metro
    $1,362 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 4.0 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • No data Rent list price
  • $1.08 Rent list price / sq ft
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