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License #: 455314

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

$214,021

AVERAGE PRICE OF 7,979 HOMES

$2,245,760

AVERAGE PRICE OF 205 MULTI-MILLION DOLLAR HOMES

$529,104

AVERAGE PRICE OF 130 NEWLY BUILT HOMES

$282,823

AVERAGE PRICE OF 109 HOMES WITH A POOL

$187,826

AVERAGE PRICE OF 286 REDUCED PRICE HOMES

$266,129

AVERAGE PRICE OF 89 DISTRESSED HOMES

Average Home

Average Price $214,021
Avg Bedrooms 2.11 beds
Avg Bathrooms 1.51 baths

Average Price by Bedrooms

1 bedroom $202,491
2 bedrooms $148,530
3 bedrooms $127,965
4 bedrooms $191,205
5 bedrooms $267,403
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 67 days
Mumford High School 4 $166,750 60 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 7,979 $214,021 80 days
Multi-Million Dollar Homes 205 $2,245,760 112 days
Newly Built Homes 130 $529,104 98 days
Homes with a Pool 109 $282,823 93 days
Reduced Price Homes 286 $187,826 51 days
Distressed Homes 89 $266,129 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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