Eastlake Real Estate
4 active listings · 5 sold in the past 12mo
$217,450
Median List Price
5
Sold (past 12mo)
130
Avg Days on Market
-30.2%
HFGⓘ
Household Formation Gap (HFG) is a secondary market indicator that measures hidden housing demand created by shrinking household sizes. As average household size decreases — due to divorce, single living, empty nesting, delayed marriage — more housing units are needed even without population growth. HFG compares the estimated number of households needed today versus 15 years ago: (population ÷ avg household size). This is a demographic trend signal, not a primary market indicator like income-based affordability or comparative market analysis. Source: U.S. Census Bureau, American Community Survey 5-Year Estimates (2009–2023), Tables B01003, B25010, B25001.
Active Listings
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Homes for Sale(4)
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Under Contract
1/92
$510,000
211 Bluff Avenue, Eastlake, MI 49626
5 bd5 ba0.65 ac
Single Family
Under Contract
1/23
$235,000
114 S Main Street, Eastlake, MI 49626
2 bd2 ba2,300 sqft0.42 ac
Single Family
For Sale
1/27
$199,900
35 Third Street, Eastlake, MI 49626
3 bd1 ba1,150 sqft0.52 ac
Single Family
For Sale
1/14
$96,500
203 5th Street, Eastlake, MI 49626
1 bd1 ba590 sqft0.18 ac
Single Family
Recently Sold(5)
| Address | Sold Price | Date Sold |
|---|---|---|
| 711 Division Street, Eastlake, MI 49626 | $330,000 | Mar 29, 2026 |
| 606 Wall Street, Eastlake, MI 49626 | $216,000 | Sep 25, 2025 |
| 276 Third St Street, Eastlake, MI 49626 | $159,000 | Sep 24, 2025 |
| 258 Division Street, Eastlake, MI 49626 | $200,000 | Aug 25, 2025 |
| 74 4th Street, Eastlake, MI 49626 | $90,000 | Jul 28, 2025 |
Frequently Asked Questions about Eastlake
What is the current real estate inventory in Eastlake?
Eastlake currently has 4 homes listed for sale. The median asking price is $217,450.
What is the median home price in Eastlake?
The median sale price in Eastlake is $217,450, based on 5 closed sales over the past 12 months.
How fast do homes sell in Eastlake?
Homes in Eastlake sell in an average of 130 days, based on 5 sales over the past 12 months.
What school districts serve Eastlake?
Eastlake is served by one or more public school districts. In Michigan, school district boundaries do not always align with city limits, so different parts of Eastlake may be zoned for different districts. Check individual listings for the specific school district assignment.
Is Eastlake a buyer's or seller's market?
With 9.6 months of inventory, Eastlake is currently a buyer's market. This is based on 4 active listings and 5 sales in the past 12 months.
How much are property taxes in Eastlake?
Michigan property taxes in Eastlake are calculated using the State Equalized Value (SEV) times the local millage rate. Rates vary by school district and municipality. Primary residences qualify for a homestead exemption that reduces the tax rate.
What does demographic data show about housing demand in Eastlake?
Per U.S. Census ACS data, Eastlake has a -30.2% Household Formation Gap over the past 15 years, indicating softening demographic demand. Population declined 31.2%, outpacing the effect of shrinking household sizes (2.02 to 1.99). HFG is a secondary market indicator — local conditions and other factors also influence housing demand.