Eastpointe Homes for Sale

What this means: Right now in Eastpointe, there are 34 homes for sale. Buyers have been closing about 5 homes a month over the last three months. At that pace, it would take about 6.8 months to sell everything currently listed. That is a buyer's market. There are more homes for sale than buyers are taking, so buyers usually have more room to negotiate. The typical sold price is $630,000. Among homes that closed, the median sold price was 92.6% of the median list price of those same sales. 6% of those sales closed above their own list price and 72% sold below their own list price. Once a home goes under contract and closes, it has usually been on the market about 52 days. Sold prices over the last three months are down about 41% compared with the three months before that. More homes are coming on the market (15 new in the last 30 days) than are selling each month, so inventory may keep growing. About 14.7% of today's active inventory is selling each month (the absorption rate). Asking prices average about $342 per square foot, while recent sales average about $300 per square foot.