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

$80,536

AVERAGE PRICE OF 1,577 HOMES

$49,713

AVERAGE PRICE OF 80 DISTRESSED HOMES

$2,042,800

AVERAGE PRICE OF 5 MULTI-MILLION DOLLAR HOMES

$483,738

AVERAGE PRICE OF 18 NEWLY BUILT HOMES

$225,472

AVERAGE PRICE OF 44 HOMES WITH A POOL

$65,067

AVERAGE PRICE OF 406 REDUCED PRICE HOMES

Average Home

Average Price $80,536
Avg Bedrooms 3 beds
Avg Bathrooms 1.35 baths

Average Price by Bedrooms

1 bedroom $157,315
2 bedrooms $100,317
3 bedrooms $54,256
4 bedrooms $86,686
5 bedrooms $205,118
Detroit Home Price Trends
  2/2017 1/2017 12/2016 11/2016 10/2016
Total Listings 1,533 1,455 1,599 1,546 1,592
Average Price $77,861 $77,129 $76,297 $78,835 $80,689
Avg Price Change +0.95% +1.09% -3.33% -2.35% -1.57%
Median Price $38,676 $39,688 $39,900 $39,865 $39,892
Med Price Change -2.62% -0.53% +0.09% -0.07% -0.02%
Avg Bedrooms 3 beds 3 beds 3 beds 3 beds 3 beds
Avg Bathrooms 1.36 baths 1.36 baths 1.36 baths 1.37 baths 1.37 baths
Home Price by House Size
Total Homes Average Price Avg Days on Market
All Homes 1,577 $80,536 109 days
Distressed Homes 80 $49,713 151 days
Multi-Million Dollar Homes 5 $2,042,800 119 days
Newly Built Homes 18 $483,738 66 days
Homes with a Pool 44 $225,472 128 days
Reduced Price Homes 406 $65,067 167 days