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

$96,553

AVERAGE PRICE OF 1,934 HOMES

$58,388

AVERAGE PRICE OF 49 DISTRESSED HOMES

$1,300,000

AVERAGE PRICE OF 4 MULTI-MILLION DOLLAR HOMES

$442,191

AVERAGE PRICE OF 57 NEWLY BUILT HOMES

$249,600

AVERAGE PRICE OF 64 HOMES WITH A POOL

$82,421

AVERAGE PRICE OF 477 REDUCED PRICE HOMES

Average Home

Average Price $96,553
Avg Bedrooms 3 beds
Avg Bathrooms 1.35 baths

Average Price by Bedrooms

1 bedroom $187,299
2 bedrooms $151,350
3 bedrooms $66,909
4 bedrooms $98,363
5 bedrooms $174,420
Detroit Home Price Trends
  10/2017 9/2017 8/2017 7/2017 6/2017
Total Listings 1,862 1,725 1,698 1,695 1,641
Average Price $94,441 $95,589 $93,900 $93,528 $95,677
Avg Price Change -1.22% +1.80% +0.40% -2.30% +1.48%
Median Price $43,533 $44,333 $43,298 $42,477 $40,295
Med Price Change -1.84% +2.39% +1.93% +5.42% +1.33%
Avg Bedrooms 3 beds 3 beds 3 beds 3 beds 3 beds
Avg Bathrooms 1.34 baths 1.34 baths 1.35 baths 1.37 baths 1.37 baths
Total Homes Average Price Avg Days on Market
All Homes 1,934 $96,553 102 days
Distressed Homes 49 $58,388 179 days
Multi-Million Dollar Homes 4 $1,300,000 103 days
Newly Built Homes 57 $442,191 170 days
Homes with a Pool 64 $249,600 91 days
Reduced Price Homes 477 $82,421 137 days