If you need assistance, please call 248-731-0048

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

$139,023

AVERAGE PRICE OF 5,370 HOMES

$62,476

AVERAGE PRICE OF 60 DISTRESSED HOMES

$1,537,900

AVERAGE PRICE OF 54 MULTI-MILLION DOLLAR HOMES

$591,362

AVERAGE PRICE OF 108 NEWLY BUILT HOMES

$252,368

AVERAGE PRICE OF 135 HOMES WITH A POOL

$123,361

AVERAGE PRICE OF 157 REDUCED PRICE HOMES

Average Home

Average Price $139,023
Avg Bedrooms 3.02 beds
Avg Bathrooms 1.37 baths

Average Price by Bedrooms

1 bedroom $206,722
2 bedrooms $163,447
3 bedrooms $114,925
4 bedrooms $145,113
5 bedrooms $215,733
Detroit Home Price Trends
  12/2022 11/2022 10/2022 9/2022 8/2022
Total Listings 5,734 5,966 5,912 5,902 5,693
Average Price $144,380 $143,668 $146,387 $148,600 $150,231
Avg Price Change +0.50% -1.89% -1.51% -1.10% -1.99%
Median Price $80,625 $83,106 $84,043 $83,954 $82,665
Med Price Change -3.08% -1.13% +0.11% +1.56% -2.34%
Avg Bedrooms 3.03 beds 3.04 beds 3.04 beds 3.04 beds 3.04 beds
Avg Bathrooms 1.34 baths 1.35 baths 1.36 baths 1.36 baths 1.36 baths
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 5,370 $139,023 117 days
Distressed Homes 60 $62,476 143 days
Multi-Million Dollar Homes 54 $1,537,900 315 days
Newly Built Homes 108 $591,362 239 days
Homes with a Pool 135 $252,368 133 days
Reduced Price Homes 157 $123,361 67 days
Arterra Realty
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

The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. .IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing and that the data is deemed reliable but not guaranteed accurate by the MLS. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. Provided through IDX through Realcomp II Ltd. Courtesy of Arterra Realty. Copyright 2023 Realcomp II Ltd. Shareholders
MIMLS Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource. The information published and disseminated by MiRealSource is communicated verbatim, without change by MiRealSource, as filed with MiRealSource by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Copyright 2023 MiRealSource. All rights reserved. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc. Provided through IDX via MiRealSource, as the "Source MLS", courtesy of the Originating MLS shown on the property listing, as the Originating MLS. The information published and disseminated by the Originating MLS is communicated verbatim, without change by the Originating MLS, as filed with it by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Copyright 2023 MiRealSource. All rights reserved. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc.
This site powered by CINC: www.cincpro.com