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Trisha Mell
248-953-6214

Detroit

Why you'd want to live in Detroit

Detroit is the largest city in 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. Detroit is a city on the comeback. It offers numerous new residential listings and a large selection of multi-cultural restaurants.

Detroit Market Report

$213,034

AVERAGE PRICE OF 12,393 HOMES

$2,307,063

AVERAGE PRICE OF 296 MULTI-MILLION DOLLAR HOMES

$541,886

AVERAGE PRICE OF 173 NEWLY BUILT HOMES

$276,724

AVERAGE PRICE OF 160 HOMES WITH A POOL

$149,775

AVERAGE PRICE OF 276 REDUCED PRICE HOMES

$211,503

AVERAGE PRICE OF 4,280 DISTRESSED HOMES

Average Home

Average Price $213,034
Avg Bedrooms 2.12 beds
Avg Bathrooms 1.53 baths

Average Price by Bedrooms

1 bedroom $195,805
2 bedrooms $144,829
3 bedrooms $127,774
4 bedrooms $185,917
5 bedrooms $268,252
Detroit Home Price Trends
  11/2024 10/2024 9/2024 8/2024 7/2024
Total Listings 12,579 12,705 12,717 12,302 12,052
Average Price $212,635 $211,815 $210,205 $211,373 $213,484
Avg Price Change +0.39% +0.77% -0.56% -1.00% +1.18%
Median Price $115,479 $111,562 $108,087 $109,892 $109,569
Med Price Change +3.51% +3.22% -1.67% +0.29% +2.78%
Avg Bedrooms 2.12 beds 2.14 beds 2.15 beds 2.12 beds 2.12 beds
Avg Bathrooms 1.53 baths 1.53 baths 1.54 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 $78,999 118 days
Mumford High School 5 $164,400 95 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 12,393 $213,034 96 days
Multi-Million Dollar Homes 296 $2,307,063 147 days
Newly Built Homes 173 $541,886 143 days
Homes with a Pool 160 $276,724 91 days
Reduced Price Homes 276 $149,775 60 days
Distressed Homes 4,280 $211,503 94 days
Arterra Realty
429 Main St
Rochester, MI 48307
248-731-0048

Fair Housing/Equal Opportunity
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The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. .IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing and that the data is deemed reliable but not guaranteed accurate by the MLS. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. Provided through IDX through Realcomp II Ltd. Courtesy of Arterra Realty. Copyright 2024 Realcomp II Ltd. Shareholders
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