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

$98,174

AVERAGE PRICE OF 2,165 HOMES

$46,052

AVERAGE PRICE OF 33 DISTRESSED HOMES

$1,348,000

AVERAGE PRICE OF 3 MULTI-MILLION DOLLAR HOMES

$549,516

AVERAGE PRICE OF 60 NEWLY BUILT HOMES

$286,819

AVERAGE PRICE OF 90 HOMES WITH A POOL

$75,812

AVERAGE PRICE OF 518 REDUCED PRICE HOMES

Average Home

Average Price $98,174
Avg Bedrooms 2.99 beds
Avg Bathrooms 1.32 baths

Average Price by Bedrooms

1 bedroom $219,475
2 bedrooms $156,458
3 bedrooms $66,950
4 bedrooms $108,099
5 bedrooms $194,812
Detroit Home Price Trends
  4/2018 3/2018 2/2018 1/2018 12/2017
Total Listings n/a 1,836 1,878 1,883 1,939
Average Price n/a $88,953 $88,458 $88,296 $93,042
Avg Price Change n/a +0.56% +0.18% -5.38% -2.44%
Median Price n/a $39,948 $39,928 $40,404 $42,577
Med Price Change n/a +0.05% -1.19% -5.38% -4.71%
Avg Bedrooms n/a 2.97 beds 3 beds 3 beds 3 beds
Avg Bathrooms n/a 1.31 baths 1.33 baths 1.33 baths 1.35 baths
Total Homes Average Price Avg Days on Market
All Homes 2,165 $98,174 93 days
Distressed Homes 33 $46,052 126 days
Multi-Million Dollar Homes 3 $1,348,000 41 days
Newly Built Homes 60 $549,516 213 days
Homes with a Pool 90 $286,819 101 days
Reduced Price Homes 518 $75,812 134 days