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

$78,022

AVERAGE PRICE OF 1,553 HOMES

$55,217

AVERAGE PRICE OF 153 DISTRESSED HOMES

$1,959,750

AVERAGE PRICE OF 4 MULTI-MILLION DOLLAR HOMES

$377,400

AVERAGE PRICE OF 16 NEWLY BUILT HOMES

$236,496

AVERAGE PRICE OF 45 HOMES WITH A POOL

$67,104

AVERAGE PRICE OF 407 REDUCED PRICE HOMES

Average Home

Average Price $78,022
Avg Bedrooms 3 beds
Avg Bathrooms 1.36 baths

Average Price by Bedrooms

1 bedroom $150,252
2 bedrooms $101,281
3 bedrooms $52,149
4 bedrooms $86,542
5 bedrooms $170,478
Detroit Home Price Trends
  1/2017 12/2016 11/2016 10/2016 9/2016
Total Listings 1,455 1,599 1,546 1,592 1,700
Average Price $77,129 $76,297 $78,835 $80,689 $81,957
Avg Price Change +1.09% -3.33% -2.35% -1.57% n/a
Median Price $39,688 $39,900 $39,865 $39,892 $39,900
Med Price Change -0.53% +0.09% -0.07% -0.02% n/a
Avg Bedrooms 3 beds 3 beds 3 beds 3 beds 3 beds
Avg Bathrooms 1.36 baths 1.36 baths 1.37 baths 1.37 baths 1.38 baths
Home Price by House Size
Total Homes Average Price Avg Days on Market
All Homes 1,553 $78,022 106 days
Distressed Homes 153 $55,217 111 days
Multi-Million Dollar Homes 4 $1,959,750 92 days
Newly Built Homes 16 $377,400 40 days
Homes with a Pool 45 $236,496 117 days
Reduced Price Homes 407 $67,104 168 days