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

$87,854

AVERAGE PRICE OF 1,471 HOMES

$57,182

AVERAGE PRICE OF 50 DISTRESSED HOMES

$1,847,800

AVERAGE PRICE OF 5 MULTI-MILLION DOLLAR HOMES

$505,668

AVERAGE PRICE OF 24 NEWLY BUILT HOMES

$277,417

AVERAGE PRICE OF 52 HOMES WITH A POOL

$73,114

AVERAGE PRICE OF 361 REDUCED PRICE HOMES

Average Home

Average Price $87,854
Avg Bedrooms 3 beds
Avg Bathrooms 1.37 baths

Average Price by Bedrooms

1 bedroom $193,813
2 bedrooms $115,145
3 bedrooms $57,346
4 bedrooms $92,301
5 bedrooms $204,481
Detroit Home Price Trends
  3/2017 2/2017 1/2017 12/2016 11/2016
Total Listings 1,590 1,533 1,455 1,599 1,546
Average Price $79,835 $77,861 $77,129 $76,297 $78,835
Avg Price Change +2.54% +0.95% +1.09% -3.33% -2.35%
Median Price $38,191 $38,676 $39,688 $39,900 $39,865
Med Price Change -1.27% -2.62% -0.53% +0.09% -0.07%
Avg Bedrooms 3 beds 3 beds 3 beds 3 beds 3 beds
Avg Bathrooms 1.36 baths 1.36 baths 1.36 baths 1.36 baths 1.37 baths
Home Price by House Size
Total Homes Average Price Avg Days on Market
All Homes 1,471 $87,854 108 days
Distressed Homes 50 $57,182 187 days
Multi-Million Dollar Homes 5 $1,847,800 125 days
Newly Built Homes 24 $505,668 54 days
Homes with a Pool 52 $277,417 114 days
Reduced Price Homes 361 $73,114 169 days