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

$159,449

AVERAGE PRICE OF 3,878 HOMES

$94,179

AVERAGE PRICE OF 45 DISTRESSED HOMES

$1,581,359

AVERAGE PRICE OF 40 MULTI-MILLION DOLLAR HOMES

$566,051

AVERAGE PRICE OF 141 NEWLY BUILT HOMES

$211,915

AVERAGE PRICE OF 197 HOMES WITH A POOL

$160,380

AVERAGE PRICE OF 73 REDUCED PRICE HOMES

Average Home

Average Price $159,449
Avg Bedrooms 3.02 beds
Avg Bathrooms 1.58 baths

Average Price by Bedrooms

1 bedroom $212,296
2 bedrooms $196,963
3 bedrooms $126,834
4 bedrooms $146,062
5 bedrooms $263,345
Detroit Home Price Trends
  6/2021 5/2021 4/2021 3/2021 2/2021
Total Listings 3,519 3,361 3,289 3,231 1,672
Average Price $165,269 $165,509 $163,256 $160,246 $158,280
Avg Price Change -0.15% +1.38% +1.88% +1.24% +0.45%
Median Price $84,807 $81,224 $79,778 $76,999 $76,770
Med Price Change +4.41% +1.81% +3.61% +0.30% -1.48%
Avg Bedrooms 2.98 beds 3.02 beds 3 beds 3.02 beds 3.03 beds
Avg Bathrooms 1.59 baths 1.6 baths 1.61 baths 1.6 baths 1.43 baths
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 3,878 $159,449 94 days
Distressed Homes 45 $94,179 223 days
Multi-Million Dollar Homes 40 $1,581,359 270 days
Newly Built Homes 141 $566,051 287 days
Homes with a Pool 197 $211,915 117 days
Reduced Price Homes 73 $160,380 40 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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