The story of this market
The typical home in Grosse Pointe Farms, Michigan sells for about $493,000, or $301 per square foot.
Prices are down 35.3% from a year ago, which gives buyers more room to negotiate. Homes take about 18 days to sell, which is fast.
Monthly price momentum
Home values since 2015
+4.5%
MI · past 12 months
Freddie Mac House Price Index, single-family homes, monthly through 2026-08. Each line starts at 100 in January 2015, so a reading of 180 means prices are up 80% since then.
Grosse Pointe Farms, Michigan
The Grosse Pointe Farms housing market remains highly competitive, characterized by low inventory and high demand for its premium residential stock. While recent median price data shows volatility, the city's strong demographic profile and high household incomes continue to support long-term value. The market is driven by families seeking stability and access to top-tier local schools and waterfront amenities.
No ARED county foreclosure postings attributed to Grosse Pointe Farms yet — the verified ledger covers every county the foreclosure ingest has read, attributed by published city area. Key-figure check: median price corroborated by the published ten-year series (2024) (within 12.5%).
Deterministic aggregate of 1 researched ZIP reports — sales_count-weighted (population fallback); per point, children lacking the value or its weight are excluded. Tax rates, sentiment and context notes are tier-native and never roll.
Median prices moved up 34.4% year over year.
Homes spend a median of 17 days on market with 1.0 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 94% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · poverty 2.6% — a stable, low-distress profile.
- C.J. Barrymore's4.415.1 mi
- Dave & Buster's Utica4.116.5 mi
- Adventure Bay Family Water Park Presented by WFCU Credit Union4.410 mi
- Urban Air Trampoline and Adventure Park4.215.9 mi
- Red Oaks Waterpark4.412.9 mi
- Little Caesars Arena4.69.5 mi
- Comerica Park4.79.4 mi
- Ford Field4.69.2 mi
- Huntington Place4.59.9 mi
- Masonic Temple4.49.8 mi
- Ambassador Bridge411.5 mi
- Comerica Park4.79.4 mi
- Detroit Zoo4.513.9 mi
- Detroit Institute of Arts4.89.5 mi
- Windsor-Detroit Tunnel4.39.4 mi
- Henry Ford Museum of American Innovation4.818.9 mi
- Detroit Institute of Arts4.89.5 mi
- Greenfield Village4.818.8 mi
- Michigan Central4.811 mi
- Motown Museum4.710.5 mi
- Campus Martius Park4.79.5 mi
- Lake St. Clair Metropark4.612.5 mi
- Detroit Riverwalk4.89 mi
- Dodge Park4.714.2 mi
- Ford House4.73.2 mi
- Detroit Yacht Club4.65.9 mi
- Sindbad's Restaurant and Marina4.25.5 mi
- Grosse Pointe Yacht Club4.72 mi
- Riverside Marina4.45.3 mi
- Safe Harbor Jefferson Beach4.54.4 mi
- Big Time Entertainment4.410.7 mi
- Rackham Golf Course3.814.6 mi
- Fern Hill Golf Club4.112.2 mi
- Maple Lane Golf Club and Driving Range410.7 mi
- Seven Lakes Golf Course Ltd4.214.8 mi
- Devonshire Mall4.310.9 mi
- Oakland Mall4.114.2 mi
- Windsor Crossing Premium Outlets4.213.2 mi
- Meijer411.9 mi
- Tecumseh Mall3.96.8 mi
- Detroit Metropolitan Wayne County Airport4.327.2 mi
- Windsor International Airport4.29.6 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area ranked by popularity within the radius shown.
The amenity base that shapes daily life and property demand in this city — what residents actually live with, and what the pipeline is adding.
A premier resident-only facility on Lake St. Clair featuring a marina, swimming pool, and picnic areas. It is a primary driver of property value and community engagement.
Grosse Pointe Farms is an ideal fit for affluent family buyers and professionals seeking a quiet, secure, and highly-rated school environment. Its proximity to the lake and strong community services make it a premier destination for those prioritizing stability and quality of life over urban density.
The city is served by the Grosse Pointe Public School System, which is highly regarded for its academic rigor and strong performance. The district is a central pillar of the community's appeal to families.
The city is primarily auto-dependent, with residents relying on major regional corridors like I-94 for access to the Detroit employment core. The average commute time is approximately 23.8 minutes.
The city features exceptional access to Lake St. Clair, highlighted by the exclusive Pier Park which offers residents private waterfront amenities. The community also supports robust youth sports programs, including baseball, soccer, and hockey, which are central to the local lifestyle.
The rental market in Grosse Pointe Farms is characterized by low inventory and high demand, driven by the city's prestige and limited multi-family housing stock. Vacancy pressure remains low, and the market is primarily composed of long-term residential leases rather than short-term vacation rentals.
The local economy is primarily residential, supported by a highly educated workforce that commutes to the broader Detroit metro area. The city functions as an affluent bedroom community with high household income levels.
Economic momentum is driven by the city's status as an affluent residential enclave with high-quality infrastructure and services. While major corporate development is limited within the small city limits, the area benefits from its proximity to the broader Detroit-Warren-Dearborn economic corridor.
Development is largely focused on the maintenance and renovation of the existing historic housing stock rather than large-scale new construction. The city maintains strict zoning to preserve its residential character.
Parcels are subject to standard municipal, county, and school district levies, with no significant MUD or PID special districts reported.
Grosse Pointe Farms is widely regarded as a very safe community with minimal crime. Residents frequently cite the high level of security and effective local city services as primary benefits of living in the area.
The city maintains a stable insurance-climate posture, though its location on Lake St. Clair necessitates awareness of shoreline management and flood-risk mitigation. Standard property insurance remains accessible for the area's established housing stock.
The property insurance market is stable, reflecting the city's low-crime profile and well-maintained infrastructure. Premiums are generally consistent with high-value residential areas in Southeast Michigan.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Michigan) — Disabled Veterans Homestead Exemption: Provides an exemption from property taxes levied for school operating purposes and potentially other local taxes depending on eligibility. State (Michigan) — General Property Tax Act: Property is assessed at 50% of true cash value (State Equalized Value). Taxable value is capped at the lesser of the state equalized value or the previous year's taxable value adjusted by the consumer price index (up to 5%), unless a transfer of ownership occurs.
Data retrieved from Census Reporter and Data USA profiles.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment. Source: NCES EDGE public school locations 2023-24.