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

$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

Fair Housing/Equal Opportunity
Terms of Use Privacy Notice DMCA
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

Accept Terms

To continue searching, you must agree to the Terms of Use.

Opt-In

For the best experience, please provide your cell phone number and select accept below to opt-in to our Terms & Conditions and Privacy Policy to begin receiving text and voice communications.

Share a Link

Create a Note

Select a Notebook

or make a new notebook

Loading


Loading...

Looks like your phone is invalid.

Would you like to update it?