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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

$147,961

AVERAGE PRICE OF 5,985 HOMES

$70,052

AVERAGE PRICE OF 68 DISTRESSED HOMES

$1,564,767

AVERAGE PRICE OF 68 MULTI-MILLION DOLLAR HOMES

$659,995

AVERAGE PRICE OF 135 NEWLY BUILT HOMES

$262,281

AVERAGE PRICE OF 178 HOMES WITH A POOL

$130,859

AVERAGE PRICE OF 275 REDUCED PRICE HOMES

Average Home

Average Price $147,961
Avg Bedrooms 3.03 beds
Avg Bathrooms 1.36 baths

Average Price by Bedrooms

1 bedroom $206,602
2 bedrooms $173,315
3 bedrooms $119,587
4 bedrooms $158,609
5 bedrooms $205,406
Detroit Home Price Trends
  8/2022 7/2022 6/2022 5/2022 4/2022
Total Listings 5,693 5,345 n/a n/a n/a
Average Price $150,231 $153,216 n/a n/a n/a
Avg Price Change -1.99% n/a n/a n/a n/a
Median Price $82,665 $84,596 n/a n/a n/a
Med Price Change -2.34% n/a n/a n/a n/a
Avg Bedrooms 3.04 beds 3.05 beds n/a n/a n/a
Avg Bathrooms 1.36 baths 1.37 baths n/a n/a n/a
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Loyola High School 1 $62,000 12 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 5,985 $147,961 97 days
Distressed Homes 68 $70,052 125 days
Multi-Million Dollar Homes 68 $1,564,767 329 days
Newly Built Homes 135 $659,995 307 days
Homes with a Pool 178 $262,281 130 days
Reduced Price Homes 275 $130,859 59 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

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