Is Grosse Ile, MI 48138 a buyer’s or seller’s market?

The Grosse Ile housing market right now

In the three months ending August 31, 2026, 30% of homes in Grosse Ile, MI 48138 sold above their list price, the typical home went under contract in 30 days and there were 1.9 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 47 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 16%, homes sold more slowly (24 days then) and the median sale price held steady to $361,594. Overall, Grosse Ile is more competitive than a year ago, so tougher for buyers.

Within Wayne County, homes here sell more slowly than in 57% of the county’s ZIP codes, and sell less often over asking than in 58%. On our competition score, Grosse Ile ranks #276 of 510 MI ZIP codes with enough sales (score 63 out of 100).

Nearby, buyers who want less competition could look at Dearborn 48120 (0% sold over asking) or Detroit 48201 (5% sold over asking), while Dearborn 48128 (72% sold over asking) and Livonia 48154 (59% sold over asking) are even more competitive.