Market Overview
Home Prices in Grosse Pointe Woods, MI
The median home value in Grosse Pointe Woods, MI is $361,390 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 3.1% compared to a year ago and up 4.1% from two years prior.
Compared to the U.S. national median of $410,000, homes in Grosse Pointe Woods are priced12% below average. Grosse Pointe Woods is part of the Detroit-Warren-Dearborn, MI metro area.
Over the past five years, Grosse Pointe Woods home values have risen by approximately21.8%, reflecting strong long-term appreciation in this market.
Price History
Grosse Pointe Woods Home Price Trend
City Comparison
Grosse Pointe Woods vs. National Median
At $361,390, homes in Grosse Pointe Woods cost 12% below the national median of $410,000. This makes Grosse Pointe Woods a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Grosse Pointe Woods?
20% Down Payment
$72,278
on $361,390
Monthly P&I
$1,885/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,394/mo
incl. taxes & insurance
Income Needed
$95,760
gross annual (30% rule)
10% Down Option
$36,139
+ PMI applies
Loan Amount (20% dn)
$289,112
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Grosse Pointe Woods, MI?
The median home value in Grosse Pointe Woods is $361,390 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 3.1% year-over-year.
How much have home prices changed in Grosse Pointe Woods?
Over the past year, home values in Grosse Pointe Woods have increased by 3.1%. Over five years, prices have risen approximately 21.8%.
How much do I need to earn to buy a home in Grosse Pointe Woods?
To comfortably afford the median home price of $361,390 with a 20% down payment ($72,278) at today's rates (6.8%), you'd need a gross annual income of approximately $95,760. This assumes keeping total housing costs at or below 30% of gross income.
How does Grosse Pointe Woods compare to the national average home price?
The national median home value is approximately $410,000. At $361,390, homes in Grosse Pointe Woods are 12% below the national average.
What metro area is Grosse Pointe Woods part of?
Grosse Pointe Woods is part of the Detroit-Warren-Dearborn, MI metropolitan area. Home prices and market conditions can vary across the broader metro region.