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

$97,607

AVERAGE PRICE OF 1,554 HOMES

$63,249

AVERAGE PRICE OF 53 DISTRESSED HOMES

$1,837,600

AVERAGE PRICE OF 5 MULTI-MILLION DOLLAR HOMES

$435,605

AVERAGE PRICE OF 53 NEWLY BUILT HOMES

$294,899

AVERAGE PRICE OF 52 HOMES WITH A POOL

$83,977

AVERAGE PRICE OF 395 REDUCED PRICE HOMES

Average Home

Average Price $97,607
Avg Bedrooms 3 beds
Avg Bathrooms 1.38 baths

Average Price by Bedrooms

1 bedroom $210,597
2 bedrooms $126,221
3 bedrooms $64,551
4 bedrooms $107,810
5 bedrooms $219,208
Detroit Home Price Trends
  4/2017 3/2017 2/2017 1/2017 12/2016
Total Listings 1,507 1,590 1,533 1,455 1,599
Average Price $86,761 $79,835 $77,861 $77,129 $76,297
Avg Price Change +8.68% +2.54% +0.95% +1.09% -3.33%
Median Price $38,898 $38,191 $38,676 $39,688 $39,900
Med Price Change +1.85% -1.27% -2.62% -0.53% +0.09%
Avg Bedrooms 3 beds 3 beds 3 beds 3 beds 3 beds
Avg Bathrooms 1.37 baths 1.36 baths 1.36 baths 1.36 baths 1.36 baths
Home Price by House Size
Total Homes Average Price Avg Days on Market
All Homes 1,554 $97,607 106 days
Distressed Homes 53 $63,249 192 days
Multi-Million Dollar Homes 5 $1,837,600 136 days
Newly Built Homes 53 $435,605 45 days
Homes with a Pool 52 $294,899 93 days
Reduced Price Homes 395 $83,977 151 days