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

$94,542

AVERAGE PRICE OF 1,854 HOMES

$55,910

AVERAGE PRICE OF 51 DISTRESSED HOMES

$1,150,000

AVERAGE PRICE OF 3 MULTI-MILLION DOLLAR HOMES

$435,082

AVERAGE PRICE OF 58 NEWLY BUILT HOMES

$239,274

AVERAGE PRICE OF 63 HOMES WITH A POOL

$77,894

AVERAGE PRICE OF 456 REDUCED PRICE HOMES

Average Home

Average Price $94,542
Avg Bedrooms 3 beds
Avg Bathrooms 1.34 baths

Average Price by Bedrooms

1 bedroom $189,989
2 bedrooms $142,682
3 bedrooms $63,792
4 bedrooms $102,930
5 bedrooms $159,800
Detroit Home Price Trends
  9/2017 8/2017 7/2017 6/2017 5/2017
Total Listings 1,725 1,698 1,695 1,641 1,527
Average Price $95,589 $93,900 $93,528 $95,677 $94,281
Avg Price Change +1.80% +0.40% -2.30% +1.48% +8.67%
Median Price $44,333 $43,298 $42,477 $40,295 $39,765
Med Price Change +2.39% +1.93% +5.42% +1.33% +2.23%
Avg Bedrooms 3 beds 3 beds 3 beds 3 beds 3 beds
Avg Bathrooms 1.34 baths 1.35 baths 1.37 baths 1.37 baths 1.38 baths
Total Homes Average Price Avg Days on Market
All Homes 1,854 $94,542 97 days
Distressed Homes 51 $55,910 187 days
Multi-Million Dollar Homes 3 $1,150,000 99 days
Newly Built Homes 58 $435,082 135 days
Homes with a Pool 63 $239,274 72 days
Reduced Price Homes 456 $77,894 137 days