Detroit

Why you'd want to live in Detroit

Detroit is the largest city in Michigan. Near Downtown, the neoclassical Detroit Institute of Arts is famed for Diego Rivera murals inspired by the city’s long-standing ties to the auto industry, which earned it the nickname "Motor City." Detroit is also the birthplace of Motown Records, whose chart-topping history is on display at Hitsville U.S.A. Detroit is a city on the comeback. It offers numerous new residential listings and a large selection of multi-cultural restaurants.

Detroit Market Report

$145,857

AVERAGE PRICE OF 4,530 HOMES

$90,684

AVERAGE PRICE OF 40 DISTRESSED HOMES

$1,485,051

AVERAGE PRICE OF 50 MULTI-MILLION DOLLAR HOMES

$586,963

AVERAGE PRICE OF 127 NEWLY BUILT HOMES

$221,406

AVERAGE PRICE OF 198 HOMES WITH A POOL

$123,279

AVERAGE PRICE OF 118 REDUCED PRICE HOMES

Average Home

Average Price $145,857
Avg Bedrooms 3.04 beds
Avg Bathrooms 1.55 baths

Average Price by Bedrooms

1 bedroom $218,676
2 bedrooms $185,313
3 bedrooms $116,005
4 bedrooms $149,299
5 bedrooms $227,479
Detroit Home Price Trends
  11/2021 10/2021 9/2021 8/2021 7/2021
Total Listings n/a 4,521 4,449 4,046 3,713
Average Price n/a $149,560 $154,452 $159,320 $161,160
Avg Price Change n/a -3.27% -3.15% -1.15% -2.55%
Median Price n/a $79,961 $80,182 $84,929 $84,876
Med Price Change n/a -0.28% -5.92% +0.06% +0.08%
Avg Bedrooms n/a 3.01 beds 3.01 beds 3.01 beds 3.01 beds
Avg Bathrooms n/a 1.56 baths 1.57 baths 1.58 baths 1.58 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Henry Ford 1 $85,000 51 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 4,530 $145,857 101 days
Distressed Homes 40 $90,684 231 days
Multi-Million Dollar Homes 50 $1,485,051 276 days
Newly Built Homes 127 $586,963 280 days
Homes with a Pool 198 $221,406 116 days
Reduced Price Homes 118 $123,279 62 days
Arterra Realty
Arterra Realty Michigan LLC
425 South Main Street, Suite 101
Rochester, MI 48307
248-731-0048

Arterra Realty Clinton Twp LLC
The Mall at Partridge Creek
17370 Hall Road, Suite 111B
Clinton Township, MI 48038
586-460-2040

Arterra Luxe Collection LLC
148 Pierce Street
Birmingham, MI 48009
248-731-0048

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