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

$95,560

AVERAGE PRICE OF 1,926 HOMES

$55,767

AVERAGE PRICE OF 41 DISTRESSED HOMES

$1,749,966

AVERAGE PRICE OF 3 MULTI-MILLION DOLLAR HOMES

$588,627

AVERAGE PRICE OF 51 NEWLY BUILT HOMES

$300,601

AVERAGE PRICE OF 78 HOMES WITH A POOL

$65,284

AVERAGE PRICE OF 458 REDUCED PRICE HOMES

Average Home

Average Price $95,560
Avg Bedrooms 3 beds
Avg Bathrooms 1.32 baths

Average Price by Bedrooms

1 bedroom $246,225
2 bedrooms $149,282
3 bedrooms $64,750
4 bedrooms $93,725
5 bedrooms $197,701
Detroit Home Price Trends
  3/2018 2/2018 1/2018 12/2017 11/2017
Total Listings 1,836 1,878 1,883 1,939 1,923
Average Price $88,953 $88,458 $88,296 $93,042 $95,309
Avg Price Change +0.56% +0.18% -5.38% -2.44% +0.92%
Median Price $39,948 $39,928 $40,404 $42,577 $44,581
Med Price Change +0.05% -1.19% -5.38% -4.71% +2.41%
Avg Bedrooms 2.97 beds 3 beds 3 beds 3 beds 3 beds
Avg Bathrooms 1.31 baths 1.33 baths 1.33 baths 1.35 baths 1.35 baths
Total Homes Average Price Avg Days on Market
All Homes 1,926 $95,560 104 days
Distressed Homes 41 $55,767 135 days
Multi-Million Dollar Homes 3 $1,749,966 38 days
Newly Built Homes 51 $588,627 220 days
Homes with a Pool 78 $300,601 117 days
Reduced Price Homes 458 $65,284 148 days