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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

$208,184

AVERAGE PRICE OF 8,520 HOMES

$211,939

AVERAGE PRICE OF 4,157 DISTRESSED HOMES

$2,121,430

AVERAGE PRICE OF 222 MULTI-MILLION DOLLAR HOMES

$534,411

AVERAGE PRICE OF 132 NEWLY BUILT HOMES

$279,235

AVERAGE PRICE OF 132 HOMES WITH A POOL

$168,366

AVERAGE PRICE OF 310 REDUCED PRICE HOMES

Average Home

Average Price $208,184
Avg Bedrooms 2.16 beds
Avg Bathrooms 1.55 baths

Average Price by Bedrooms

1 bedroom $205,534
2 bedrooms $158,340
3 bedrooms $124,437
4 bedrooms $174,912
5 bedrooms $257,532
Detroit Home Price Trends
  6/2024 5/2024 4/2024 3/2024 2/2024
Total Listings 11,970 7,873 3,459 2,879 527
Average Price $211,001 $206,457 $214,416 $199,279 $147,370
Avg Price Change +2.20% -3.86% +7.60% +35.22% -3.91%
Median Price $106,607 $100,058 $99,999 $99,334 $92,888
Med Price Change +6.55% +0.06% +0.67% +6.94% +2.83%
Avg Bedrooms 2.1 beds 2.06 beds 1.97 beds 2.03 beds 2.17 beds
Avg Bathrooms 1.53 baths 1.48 baths 1.46 baths 1.46 baths 1.37 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Eev Prep 1 $134,900 32 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 8,520 $208,184 41 days
Distressed Homes 4,157 $211,939 42 days
Multi-Million Dollar Homes 222 $2,121,430 48 days
Newly Built Homes 132 $534,411 46 days
Homes with a Pool 132 $279,235 43 days
Reduced Price Homes 310 $168,366 37 days
Arterra Realty
429 Main St
Rochester, MI 48307
248-731-0048

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