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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

$212,535

AVERAGE PRICE OF 12,039 HOMES

$2,090,918

AVERAGE PRICE OF 329 MULTI-MILLION DOLLAR HOMES

$545,720

AVERAGE PRICE OF 191 NEWLY BUILT HOMES

$282,024

AVERAGE PRICE OF 137 HOMES WITH A POOL

$155,511

AVERAGE PRICE OF 406 REDUCED PRICE HOMES

$213,843

AVERAGE PRICE OF 4,134 DISTRESSED HOMES

Average Home

Average Price $212,535
Avg Bedrooms 2.12 beds
Avg Bathrooms 1.54 baths

Average Price by Bedrooms

1 bedroom $200,686
2 bedrooms $157,028
3 bedrooms $128,139
4 bedrooms $176,113
5 bedrooms $272,851
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 27 days
Northwestern High School 4 $131,250 5 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 12,039 $212,535 50 days
Multi-Million Dollar Homes 329 $2,090,918 61 days
Newly Built Homes 191 $545,720 55 days
Homes with a Pool 137 $282,024 58 days
Reduced Price Homes 406 $155,511 43 days
Distressed Homes 4,134 $213,843 38 days
Arterra Realty
429 Main St
Rochester, MI 48307
248-731-0048

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