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

$93,366

AVERAGE PRICE OF 1,704 HOMES

$53,684

AVERAGE PRICE OF 55 DISTRESSED HOMES

$1,338,000

AVERAGE PRICE OF 5 MULTI-MILLION DOLLAR HOMES

$409,765

AVERAGE PRICE OF 49 NEWLY BUILT HOMES

$274,705

AVERAGE PRICE OF 48 HOMES WITH A POOL

$86,980

AVERAGE PRICE OF 377 REDUCED PRICE HOMES

Average Home

Average Price $93,366
Avg Bedrooms 3 beds
Avg Bathrooms 1.37 baths

Average Price by Bedrooms

1 bedroom $202,799
2 bedrooms $126,428
3 bedrooms $64,613
4 bedrooms $94,383
5 bedrooms $192,212
Detroit Home Price Trends
  6/2017 5/2017 4/2017 3/2017 2/2017
Total Listings 1,641 1,527 1,507 1,590 1,533
Average Price $95,677 $94,281 $86,761 $79,835 $77,861
Avg Price Change +1.48% +8.67% +8.68% +2.54% +0.95%
Median Price $40,295 $39,765 $38,898 $38,191 $38,676
Med Price Change +1.33% +2.23% +1.85% -1.27% -2.62%
Avg Bedrooms 3 beds 3 beds 3 beds 3 beds 3 beds
Avg Bathrooms 1.37 baths 1.38 baths 1.37 baths 1.36 baths 1.36 baths
Home Price by House Size
Total Homes Average Price Avg Days on Market
All Homes 1,704 $93,366 96 days
Distressed Homes 55 $53,684 173 days
Multi-Million Dollar Homes 5 $1,338,000 103 days
Newly Built Homes 49 $409,765 77 days
Homes with a Pool 48 $274,705 89 days
Reduced Price Homes 377 $86,980 147 days