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

$112,465

AVERAGE PRICE OF 2,345 HOMES

$64,800

AVERAGE PRICE OF 7 DISTRESSED HOMES

$1,488,091

AVERAGE PRICE OF 11 MULTI-MILLION DOLLAR HOMES

$572,460

AVERAGE PRICE OF 65 NEWLY BUILT HOMES

$302,190

AVERAGE PRICE OF 102 HOMES WITH A POOL

$104,093

AVERAGE PRICE OF 629 REDUCED PRICE HOMES

Average Home

Average Price $112,465
Avg Bedrooms 3.03 beds
Avg Bathrooms 1.35 baths

Average Price by Bedrooms

1 bedroom $212,992
2 bedrooms $166,168
3 bedrooms $70,643
4 bedrooms $122,190
5 bedrooms $233,089
Detroit Home Price Trends
  8/2018 7/2018 6/2018 5/2018 4/2018
Total Listings 2,287 2,229 2,153 2,112 n/a
Average Price $109,573 $110,634 $103,171 $97,581 n/a
Avg Price Change -0.97% +7.23% +5.73% n/a n/a
Median Price $47,746 $44,996 $44,478 $42,810 n/a
Med Price Change +6.11% +1.16% +3.90% n/a n/a
Avg Bedrooms 3.02 beds 3.01 beds 3 beds 2.99 beds n/a
Avg Bathrooms 1.34 baths 1.34 baths 1.33 baths 1.32 baths n/a
Total Homes Average Price Avg Days on Site
All Homes 2,345 $112,465 97 days
Distressed Homes 7 $64,800 109 days
Multi-Million Dollar Homes 11 $1,488,091 93 days
Newly Built Homes 65 $572,460 249 days
Homes with a Pool 102 $302,190 126 days
Reduced Price Homes 629 $104,093 130 days