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

$93,195

AVERAGE PRICE OF 1,699 HOMES

$52,451

AVERAGE PRICE OF 51 DISTRESSED HOMES

$1,273,750

AVERAGE PRICE OF 4 MULTI-MILLION DOLLAR HOMES

$423,902

AVERAGE PRICE OF 46 NEWLY BUILT HOMES

$231,943

AVERAGE PRICE OF 52 HOMES WITH A POOL

$75,557

AVERAGE PRICE OF 404 REDUCED PRICE HOMES

Average Home

Average Price $93,195
Avg Bedrooms 3 beds
Avg Bathrooms 1.35 baths

Average Price by Bedrooms

1 bedroom $199,025
2 bedrooms $129,957
3 bedrooms $64,846
4 bedrooms $101,007
5 bedrooms $174,840
Detroit Home Price Trends
  7/2017 6/2017 5/2017 4/2017 3/2017
Total Listings 1,695 1,641 1,527 1,507 1,590
Average Price $93,528 $95,677 $94,281 $86,761 $79,835
Avg Price Change -2.30% +1.48% +8.67% +8.68% +2.54%
Median Price $42,477 $40,295 $39,765 $38,898 $38,191
Med Price Change +5.42% +1.33% +2.23% +1.85% -1.27%
Avg Bedrooms 3 beds 3 beds 3 beds 3 beds 3 beds
Avg Bathrooms 1.37 baths 1.37 baths 1.38 baths 1.37 baths 1.36 baths
Total Homes Average Price Avg Days on Market
All Homes 1,699 $93,195 96 days
Distressed Homes 51 $52,451 174 days
Multi-Million Dollar Homes 4 $1,273,750 57 days
Newly Built Homes 46 $423,902 97 days
Homes with a Pool 52 $231,943 79 days
Reduced Price Homes 404 $75,557 139 days