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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

$206,693

AVERAGE PRICE OF 3,913 HOMES

$231,276

AVERAGE PRICE OF 92 DISTRESSED HOMES

$2,267,031

AVERAGE PRICE OF 89 MULTI-MILLION DOLLAR HOMES

$457,747

AVERAGE PRICE OF 43 NEWLY BUILT HOMES

$288,761

AVERAGE PRICE OF 53 HOMES WITH A POOL

$204,402

AVERAGE PRICE OF 111 REDUCED PRICE HOMES

Average Home

Average Price $206,693
Avg Bedrooms 2.11 beds
Avg Bathrooms 1.52 baths

Average Price by Bedrooms

1 bedroom $205,462
2 bedrooms $133,338
3 bedrooms $128,232
4 bedrooms $177,001
5 bedrooms $246,208
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 High School
School Name Total Homes Average Price Avg Days on Site
Denby High School 1 $78,999 161 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 3,913 $206,693 105 days
Distressed Homes 92 $231,276 109 days
Multi-Million Dollar Homes 89 $2,267,031 153 days
Newly Built Homes 43 $457,747 141 days
Homes with a Pool 53 $288,761 116 days
Reduced Price Homes 111 $204,402 76 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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