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Melissa Macko
810-919-2921
312019

Detroit

Why you'd want to live in Detroit

Detroit, MI, often referred to as the "Motor City," is the largest city in Michigan and a historical hub for the American automotive industry, home to giants like Ford, General Motors, and Chrysler. After decades of economic struggles, Detroit is experiencing revitalization, with growth in areas such as technology, arts, and urban development. The city's downtown area has seen a resurgence with new businesses, cultural attractions, and residential projects. Detroit also boasts a rich musical heritage, being the birthplace of Motown Records, and continues to be a center for innovation and creativity?.

Detroit Market Report

$208,515

AVERAGE PRICE OF 8,889 HOMES

$214,325

AVERAGE PRICE OF 4,128 DISTRESSED HOMES

$2,268,255

AVERAGE PRICE OF 215 MULTI-MILLION DOLLAR HOMES

$506,166

AVERAGE PRICE OF 87 NEWLY BUILT HOMES

$380,243

AVERAGE PRICE OF 115 HOMES WITH A POOL

$186,861

AVERAGE PRICE OF 252 REDUCED PRICE HOMES

Average Home

Average Price $208,515
Avg Bedrooms 2.5 beds
Avg Bathrooms 1.59 baths

Average Price by Bedrooms

1 bedroom $180,368
2 bedrooms $169,972
3 bedrooms $127,089
4 bedrooms $171,444
5 bedrooms $227,913
Detroit Home Price Trends
  3/2025 2/2025 1/2025 12/2024 11/2024
Total Listings 11,556 11,354 11,540 12,259 12,579
Average Price $211,925 $211,195 $209,104 $211,193 $212,635
Avg Price Change +0.35% +1.00% -1.00% -0.68% +0.39%
Median Price $116,005 $114,112 $111,759 $112,840 $115,479
Med Price Change +1.66% +2.11% -0.97% -2.34% +3.51%
Avg Bedrooms 2.31 beds 2.34 beds 2.34 beds 2.1 beds 2.12 beds
Avg Bathrooms 1.5 baths 1.48 baths 1.5 baths 1.52 baths 1.53 baths
Total Homes Average Price Avg Days on Site
All Homes 8,889 $208,515 112 days
Distressed Homes 4,128 $214,325 116 days
Multi-Million Dollar Homes 215 $2,268,255 153 days
Newly Built Homes 87 $506,166 117 days
Homes with a Pool 115 $380,243 118 days
Reduced Price Homes 252 $186,861 69 days
Real Estate For A CAUSE
8200 South Saginaw Street, Suite 200
Grand Blanc, MI 48439
810-344-7275

Fair Housing/Equal Opportunity
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