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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

$149,794

AVERAGE PRICE OF 5,635 HOMES

$98,049

AVERAGE PRICE OF 50 DISTRESSED HOMES

$1,819,636

AVERAGE PRICE OF 56 MULTI-MILLION DOLLAR HOMES

$583,151

AVERAGE PRICE OF 134 NEWLY BUILT HOMES

$397,916

AVERAGE PRICE OF 131 HOMES WITH A POOL

$202,644

AVERAGE PRICE OF 186 REDUCED PRICE HOMES

Average Home

Average Price $149,794
Avg Bedrooms 3.04 beds
Avg Bathrooms 1.52 baths

Average Price by Bedrooms

1 bedroom $197,131
2 bedrooms $173,765
3 bedrooms $120,815
4 bedrooms $153,451
5 bedrooms $211,276
Detroit Home Price Trends
  5/2023 4/2023 3/2023 2/2023 1/2023
Total Listings 5,493 5,287 5,321 5,339 5,297
Average Price $148,368 $141,481 $137,352 $137,459 $143,798
Avg Price Change +4.87% +3.01% -0.08% -4.61% -0.40%
Median Price $84,637 $80,316 $79,920 $79,905 $79,933
Med Price Change +5.38% +0.50% +0.02% -0.04% -0.87%
Avg Bedrooms 3.03 beds 3.04 beds 3.03 beds 3.02 beds 3.02 beds
Avg Bathrooms 1.52 baths 1.51 baths 1.5 baths 1.43 baths 1.35 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Cody 1 $110,000 44 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 5,635 $149,794 106 days
Distressed Homes 50 $98,049 138 days
Multi-Million Dollar Homes 56 $1,819,636 276 days
Newly Built Homes 134 $583,151 257 days
Homes with a Pool 131 $397,916 124 days
Reduced Price Homes 186 $202,644 72 days
Arterra Realty
425 South Main Street, Suite 101
Rochester, MI 48307
248-731-0048

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