If you need assistance, please call 810-344-7275

Melissa Macko
810-919-2921
License #: 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

$206,279

AVERAGE PRICE OF 8,942 HOMES

$209,202

AVERAGE PRICE OF 4,370 DISTRESSED HOMES

$2,239,066

AVERAGE PRICE OF 212 MULTI-MILLION DOLLAR HOMES

$539,769

AVERAGE PRICE OF 145 NEWLY BUILT HOMES

$299,734

AVERAGE PRICE OF 127 HOMES WITH A POOL

$187,275

AVERAGE PRICE OF 314 REDUCED PRICE HOMES

Average Home

Average Price $206,279
Avg Bedrooms 2.2 beds
Avg Bathrooms 1.55 baths

Average Price by Bedrooms

1 bedroom $204,981
2 bedrooms $147,268
3 bedrooms $125,227
4 bedrooms $187,143
5 bedrooms $253,214
Detroit Home Price Trends
  9/2024 8/2024 7/2024 6/2024 5/2024
Total Listings 12,717 12,302 12,052 11,970 7,873
Average Price $210,205 $211,373 $213,484 $211,001 $206,457
Avg Price Change -0.56% -1.00% +1.18% +2.20% -3.86%
Median Price $108,087 $109,892 $109,569 $106,607 $100,058
Med Price Change -1.67% +0.29% +2.78% +6.55% +0.06%
Avg Bedrooms 2.15 beds 2.12 beds 2.12 beds 2.1 beds 2.06 beds
Avg Bathrooms 1.54 baths 1.54 baths 1.54 baths 1.53 baths 1.48 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Denby High School 1 $89,999 62 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 8,942 $206,279 75 days
Distressed Homes 4,370 $209,202 73 days
Multi-Million Dollar Homes 212 $2,239,066 97 days
Newly Built Homes 145 $539,769 91 days
Homes with a Pool 127 $299,734 84 days
Reduced Price Homes 314 $187,275 51 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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