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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

$208,468

AVERAGE PRICE OF 11,420 HOMES

$2,249,039

AVERAGE PRICE OF 263 MULTI-MILLION DOLLAR HOMES

$515,456

AVERAGE PRICE OF 125 NEWLY BUILT HOMES

$278,785

AVERAGE PRICE OF 137 HOMES WITH A POOL

$221,953

AVERAGE PRICE OF 305 REDUCED PRICE HOMES

$208,859

AVERAGE PRICE OF 3,769 DISTRESSED HOMES

Average Home

Average Price $208,468
Avg Bedrooms 2.46 beds
Avg Bathrooms 1.5 baths

Average Price by Bedrooms

1 bedroom $199,172
2 bedrooms $131,968
3 bedrooms $129,311
4 bedrooms $170,083
5 bedrooms $241,570
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
Mumford High School 4 $156,724 124 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 11,420 $208,468 107 days
Multi-Million Dollar Homes 263 $2,249,039 170 days
Newly Built Homes 125 $515,456 156 days
Homes with a Pool 137 $278,785 113 days
Reduced Price Homes 305 $221,953 79 days
Distressed Homes 3,769 $208,859 109 days
Arterra Realty
429 Main St
Rochester, MI 48307
248-731-0048

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