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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

$211,141

AVERAGE PRICE OF 3,892 HOMES

$197,049

AVERAGE PRICE OF 88 DISTRESSED HOMES

$2,252,007

AVERAGE PRICE OF 95 MULTI-MILLION DOLLAR HOMES

$463,735

AVERAGE PRICE OF 45 NEWLY BUILT HOMES

$283,543

AVERAGE PRICE OF 54 HOMES WITH A POOL

$179,269

AVERAGE PRICE OF 83 REDUCED PRICE HOMES

Average Home

Average Price $211,141
Avg Bedrooms 2.1 beds
Avg Bathrooms 1.53 baths

Average Price by Bedrooms

1 bedroom $199,283
2 bedrooms $142,992
3 bedrooms $126,882
4 bedrooms $183,752
5 bedrooms $230,656
Detroit Home Price Trends
  12/2024 11/2024 10/2024 9/2024 8/2024
Total Listings 12,259 12,579 12,705 12,717 12,302
Average Price $211,193 $212,635 $211,815 $210,205 $211,373
Avg Price Change -0.68% +0.39% +0.77% -0.56% -1.00%
Median Price $112,840 $115,479 $111,562 $108,087 $109,892
Med Price Change -2.34% +3.51% +3.22% -1.67% +0.29%
Avg Bedrooms 2.1 beds 2.12 beds 2.14 beds 2.15 beds 2.12 beds
Avg Bathrooms 1.52 baths 1.53 baths 1.53 baths 1.54 baths 1.54 baths
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 3,892 $211,141 107 days
Distressed Homes 88 $197,049 117 days
Multi-Million Dollar Homes 95 $2,252,007 148 days
Newly Built Homes 45 $463,735 134 days
Homes with a Pool 54 $283,543 116 days
Reduced Price Homes 83 $179,269 68 days
Arterra Realty
429 Main St
Rochester, MI 48307
248-731-0048

Fair Housing/Equal Opportunity
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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 2025 Realcomp II Ltd. Shareholders
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