Detroit

Why you'd want to live in Detroit

Detroit is the largest city in the midwestern state of 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 via google

Detroit Market Report

$95,080

AVERAGE PRICE OF 1,765 HOMES

$53,732

AVERAGE PRICE OF 57 DISTRESSED HOMES

$1,166,666

AVERAGE PRICE OF 3 MULTI-MILLION DOLLAR HOMES

$425,700

AVERAGE PRICE OF 56 NEWLY BUILT HOMES

$261,360

AVERAGE PRICE OF 54 HOMES WITH A POOL

$76,532

AVERAGE PRICE OF 447 REDUCED PRICE HOMES

Average Home

Average Price $95,080
Avg Bedrooms 3 beds
Avg Bathrooms 1.34 baths

Average Price by Bedrooms

1 bedroom $198,524
2 bedrooms $138,788
3 bedrooms $65,178
4 bedrooms $105,229
5 bedrooms $175,806
Detroit Home Price Trends
  8/2017 7/2017 6/2017 5/2017 4/2017
Total Listings 1,698 1,695 1,641 1,527 1,507
Average Price $93,900 $93,528 $95,677 $94,281 $86,761
Avg Price Change +0.40% -2.30% +1.48% +8.67% +8.68%
Median Price $43,298 $42,477 $40,295 $39,765 $38,898
Med Price Change +1.93% +5.42% +1.33% +2.23% +1.85%
Avg Bedrooms 3 beds 3 beds 3 beds 3 beds 3 beds
Avg Bathrooms 1.35 baths 1.37 baths 1.37 baths 1.38 baths 1.37 baths
Total Homes Average Price Avg Days on Market
All Homes 1,765 $95,080 101 days
Distressed Homes 57 $53,732 188 days
Multi-Million Dollar Homes 3 $1,166,666 100 days
Newly Built Homes 56 $425,700 114 days
Homes with a Pool 54 $261,360 80 days
Reduced Price Homes 447 $76,532 137 days