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

$88,266

AVERAGE PRICE OF 1,879 HOMES

$53,480

AVERAGE PRICE OF 41 DISTRESSED HOMES

$1,118,750

AVERAGE PRICE OF 4 MULTI-MILLION DOLLAR HOMES

$531,226

AVERAGE PRICE OF 49 NEWLY BUILT HOMES

$302,199

AVERAGE PRICE OF 65 HOMES WITH A POOL

$69,197

AVERAGE PRICE OF 535 REDUCED PRICE HOMES

Average Home

Average Price $88,266
Avg Bedrooms 3 beds
Avg Bathrooms 1.32 baths

Average Price by Bedrooms

1 bedroom $206,660
2 bedrooms $134,236
3 bedrooms $60,866
4 bedrooms $86,647
5 bedrooms $166,992
Detroit Home Price Trends
  1/2018 12/2017 11/2017 10/2017 9/2017
Total Listings 1,883 1,939 1,923 1,862 1,725
Average Price $88,296 $93,042 $95,309 $94,441 $95,589
Avg Price Change -5.38% -2.44% +0.92% -1.22% +1.80%
Median Price $40,404 $42,577 $44,581 $43,533 $44,333
Med Price Change -5.38% -4.71% +2.41% -1.84% +2.39%
Avg Bedrooms 3 beds 3 beds 3 beds 3 beds 3 beds
Avg Bathrooms 1.33 baths 1.35 baths 1.35 baths 1.34 baths 1.34 baths
Total Homes Average Price Avg Days on Market
All Homes 1,879 $88,266 109 days
Distressed Homes 41 $53,480 187 days
Multi-Million Dollar Homes 4 $1,118,750 179 days
Newly Built Homes 49 $531,226 181 days
Homes with a Pool 65 $302,199 110 days
Reduced Price Homes 535 $69,197 138 days