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

$93,235

AVERAGE PRICE OF 1,946 HOMES

$62,887

AVERAGE PRICE OF 44 DISTRESSED HOMES

$1,300,000

AVERAGE PRICE OF 4 MULTI-MILLION DOLLAR HOMES

$442,076

AVERAGE PRICE OF 57 NEWLY BUILT HOMES

$257,696

AVERAGE PRICE OF 67 HOMES WITH A POOL

$83,929

AVERAGE PRICE OF 501 REDUCED PRICE HOMES

Average Home

Average Price $93,235
Avg Bedrooms 3 beds
Avg Bathrooms 1.35 baths

Average Price by Bedrooms

1 bedroom $188,310
2 bedrooms $145,280
3 bedrooms $65,021
4 bedrooms $92,825
5 bedrooms $170,817
Detroit Home Price Trends
  11/2017 10/2017 9/2017 8/2017 7/2017
Total Listings 1,923 1,862 1,725 1,698 1,695
Average Price $95,309 $94,441 $95,589 $93,900 $93,528
Avg Price Change +0.92% -1.22% +1.80% +0.40% -2.30%
Median Price $44,581 $43,533 $44,333 $43,298 $42,477
Med Price Change +2.41% -1.84% +2.39% +1.93% +5.42%
Avg Bedrooms 3 beds 3 beds 3 beds 3 beds 3 beds
Avg Bathrooms 1.35 baths 1.34 baths 1.34 baths 1.35 baths 1.37 baths
Total Homes Average Price Avg Days on Market
All Homes 1,946 $93,235 101 days
Distressed Homes 44 $62,887 188 days
Multi-Million Dollar Homes 4 $1,300,000 127 days
Newly Built Homes 57 $442,076 186 days
Homes with a Pool 67 $257,696 98 days
Reduced Price Homes 501 $83,929 134 days