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.