Hello JD and thanks for your question.
First, remember that a list price is an "asking price" by the seller, and is not necessarliy the price for which the home will ultimately sell. As a result, I would look at homes within my price range including those that are about 10-15% above my present loan approval. Depending on where in Grosse Pointe you wish to live (and when you will be making an offer), you may find that sellers are willing to consider an offer that is a little below their asking price. Working with a qualified real estate professional who specializes in your area of choice will help you find quality homes and to determine a suitable market price for the property based on comparables for the area.
Good luck and happy house hunting!
Grace Morioka, SRES, e-Pro
Area Pro Realty
San Jose, CA