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

$163,147

AVERAGE PRICE OF 3,337 HOMES

$103,085

AVERAGE PRICE OF 36 DISTRESSED HOMES

$1,670,204

AVERAGE PRICE OF 44 MULTI-MILLION DOLLAR HOMES

$539,514

AVERAGE PRICE OF 121 NEWLY BUILT HOMES

$249,308

AVERAGE PRICE OF 204 HOMES WITH A POOL

$154,545

AVERAGE PRICE OF 65 REDUCED PRICE HOMES

Average Home

Average Price $163,147
Avg Bedrooms 3.01 beds
Avg Bathrooms 1.6 baths

Average Price by Bedrooms

1 bedroom $204,916
2 bedrooms $225,839
3 bedrooms $117,716
4 bedrooms $158,006
5 bedrooms $269,308
Detroit Home Price Trends
  3/2021 2/2021 1/2021 12/2020 11/2020
Total Listings 3,231 1,672 3,341 3,709 3,890
Average Price $160,246 $158,280 $157,564 $157,084 $157,893
Avg Price Change +1.24% +0.45% +0.31% -0.52% +0.29%
Median Price $76,999 $76,770 $77,909 $78,301 $76,496
Med Price Change +0.30% -1.48% -0.50% +2.36% +1.93%
Avg Bedrooms 3.02 beds 3.03 beds 3.05 beds 3.06 beds 3.05 beds
Avg Bathrooms 1.6 baths 1.43 baths 1.63 baths 1.63 baths 1.64 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
East English Village Prep High 1 $119,000 328 days
King High School 1 $49,500 108 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 3,337 $163,147 106 days
Distressed Homes 36 $103,085 212 days
Multi-Million Dollar Homes 44 $1,670,204 248 days
Newly Built Homes 121 $539,514 329 days
Homes with a Pool 204 $249,308 118 days
Reduced Price Homes 65 $154,545 49 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 Realty Detroit LLC
Cocoon Building
2785 East Grand Blvd
Detroit, MI 48211
248-731-0048

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