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

$110,570

AVERAGE PRICE OF 2,244 HOMES

$46,381

AVERAGE PRICE OF 11 DISTRESSED HOMES

$1,209,467

AVERAGE PRICE OF 15 MULTI-MILLION DOLLAR HOMES

$559,977

AVERAGE PRICE OF 71 NEWLY BUILT HOMES

$313,349

AVERAGE PRICE OF 103 HOMES WITH A POOL

$84,498

AVERAGE PRICE OF 569 REDUCED PRICE HOMES

Average Home

Average Price $110,570
Avg Bedrooms 3.02 beds
Avg Bathrooms 1.34 baths

Average Price by Bedrooms

1 bedroom $214,679
2 bedrooms $178,852
3 bedrooms $74,290
4 bedrooms $114,525
5 bedrooms $215,763
Detroit Home Price Trends
  6/2018 5/2018 4/2018 3/2018 2/2018
Total Listings 2,153 2,112 n/a 1,836 1,878
Average Price $103,171 $97,581 n/a $88,953 $88,458
Avg Price Change +5.73% n/a n/a +0.56% +0.18%
Median Price $44,478 $42,810 n/a $39,948 $39,928
Med Price Change +3.90% n/a n/a +0.05% -1.19%
Avg Bedrooms 3 beds 2.99 beds n/a 2.97 beds 3 beds
Avg Bathrooms 1.33 baths 1.32 baths n/a 1.31 baths 1.33 baths
Total Homes Average Price Avg Days on Market
All Homes 2,244 $110,570 99 days
Distressed Homes 11 $46,381 72 days
Multi-Million Dollar Homes 15 $1,209,467 34 days
Newly Built Homes 71 $559,977 208 days
Homes with a Pool 103 $313,349 104 days
Reduced Price Homes 569 $84,498 132 days