Why Live in Grosse Pointe Woods
Grosse Pointe Woods is a suburban neighborhood known for its picturesque parks, excellent schools, and charming old homes. Located near the marinas and parks along Lake St. Clair, this area is ideal for young families, featuring smaller starter homes and well-maintained properties from the early and mid-1900s. Housing styles include cozy ranch homes, modest brick cottages, and larger Colonial Revival, Tudor Revival, and Craftsman homes. The neighborhood is lush with mature trees and landscaping, providing a serene environment. Residents enjoy numerous recreational amenities, such as Ghesquiere Park, which offers baseball diamonds, athletic fields, a playground, and an outdoor skating rink in winter. Smaller parks like Chene-Trombly Park, Jules De Porre Park, and Sweeney Park are scattered throughout the area. Golf enthusiasts can visit the Lochmoor Club and the Country Club of Detroit. The local schools, including John Monteith Elementary School, Parcells Middle School, and Grosse Pointe North High School, are highly rated, making the area attractive for families. Mack Avenue, the main commercial strip, features a variety of dining options, from upscale restaurants like Salvatore Scallopini Italian to casual spots like Papa Romano’s Pizza & Mr. Pita. For groceries, residents have access to a Kroger on Mack Avenue, with Trader Joe’s and Aldi located about 5 miles away. The neighborhood's proximity to Interstate 94 allows for a convenient commute to downtown Detroit, which is less than 15 miles away, and public transit options are available along major roads.
Frequently Asked Questions
What is the average home price in Grosse Pointe Woods, MI?
Homes for sale in Grosse Pointe Woods, MI have an average home price of $393,624.
How many homes have sold over the last 12 months in Grosse Pointe Woods, MI?
419 homes have sold in Grosse Pointe Woods, MI over the last 12 months.
What are the most popular zip codes in Grosse Pointe Woods, MI?
How much do you need to make to afford a house in Grosse Pointe Woods?
The median home price in Grosse Pointe Woods is $350,000. If you put a 20% down payment of $70,000 and had a 30-year fixed mortgage with an interest rate of 6.77%, your estimated principal and interest payment would be $1,820 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $78K a year to afford the median home price in Grosse Pointe Woods.
How are the schools in Grosse Pointe Woods, MI?
Home Trends in Grosse Pointe Woods, MI
On average, homes in Grosse Pointe Woods, MI sell after 35 days on the market compared to the national average of 50 days. The median sale price for homes in Grosse Pointe Woods, MI over the last 12 months is $350,000, up 4% from the median home sale price over the previous 12 months.
Median Sale Price
$350,000
Median Single Family Sale Price
$350,000
Median 2 Bedroom Sale Price
$392,450
Average Price Per Sq Ft
$215
Number of Homes for Sale
39
Last 12 months Home Sales
419
Median List Price
$350,000
Median Change From 1st List Price
1%
Median Home Sale Price YoY Change
4%
