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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

$212,953

AVERAGE PRICE OF 12,379 HOMES

$2,285,814

AVERAGE PRICE OF 302 MULTI-MILLION DOLLAR HOMES

$543,328

AVERAGE PRICE OF 168 NEWLY BUILT HOMES

$270,219

AVERAGE PRICE OF 158 HOMES WITH A POOL

$162,556

AVERAGE PRICE OF 346 REDUCED PRICE HOMES

$210,801

AVERAGE PRICE OF 4,286 DISTRESSED HOMES

Average Home

Average Price $212,953
Avg Bedrooms 2.11 beds
Avg Bathrooms 1.53 baths

Average Price by Bedrooms

1 bedroom $201,323
2 bedrooms $145,484
3 bedrooms $129,169
4 bedrooms $184,110
5 bedrooms $261,577
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 $78,999 121 days
Mumford High School 5 $163,399 98 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 12,379 $212,953 96 days
Multi-Million Dollar Homes 302 $2,285,814 147 days
Newly Built Homes 168 $543,328 146 days
Homes with a Pool 158 $270,219 90 days
Reduced Price Homes 346 $162,556 60 days
Distressed Homes 4,286 $210,801 96 days
Arterra Realty
429 Main St
Rochester, MI 48307
248-731-0048

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