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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

$211,141

AVERAGE PRICE OF 3,892 HOMES

$197,049

AVERAGE PRICE OF 88 DISTRESSED HOMES

$2,252,007

AVERAGE PRICE OF 95 MULTI-MILLION DOLLAR HOMES

$463,735

AVERAGE PRICE OF 45 NEWLY BUILT HOMES

$283,543

AVERAGE PRICE OF 54 HOMES WITH A POOL

$179,269

AVERAGE PRICE OF 83 REDUCED PRICE HOMES

Average Home

Average Price $211,141
Avg Bedrooms 2.1 beds
Avg Bathrooms 1.53 baths

Average Price by Bedrooms

1 bedroom $199,283
2 bedrooms $142,992
3 bedrooms $126,882
4 bedrooms $183,752
5 bedrooms $230,656
Detroit Home Price Trends
  12/2024 11/2024 10/2024 9/2024 8/2024
Total Listings 12,259 12,579 12,705 12,717 12,302
Average Price $211,193 $212,635 $211,815 $210,205 $211,373
Avg Price Change -0.68% +0.39% +0.77% -0.56% -1.00%
Median Price $112,840 $115,479 $111,562 $108,087 $109,892
Med Price Change -2.34% +3.51% +3.22% -1.67% +0.29%
Avg Bedrooms 2.1 beds 2.12 beds 2.14 beds 2.15 beds 2.12 beds
Avg Bathrooms 1.52 baths 1.53 baths 1.53 baths 1.54 baths 1.54 baths
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 3,892 $211,141 107 days
Distressed Homes 88 $197,049 117 days
Multi-Million Dollar Homes 95 $2,252,007 148 days
Newly Built Homes 45 $463,735 134 days
Homes with a Pool 54 $283,543 116 days
Reduced Price Homes 83 $179,269 68 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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