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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

$137,533

AVERAGE PRICE OF 6,373 HOMES

$68,205

AVERAGE PRICE OF 36 DISTRESSED HOMES

$1,696,468

AVERAGE PRICE OF 44 MULTI-MILLION DOLLAR HOMES

$520,683

AVERAGE PRICE OF 124 NEWLY BUILT HOMES

$400,750

AVERAGE PRICE OF 115 HOMES WITH A POOL

$128,440

AVERAGE PRICE OF 222 REDUCED PRICE HOMES

Average Home

Average Price $137,533
Avg Bedrooms 3.02 beds
Avg Bathrooms 1.47 baths

Average Price by Bedrooms

1 bedroom $213,208
2 bedrooms $167,061
3 bedrooms $110,750
4 bedrooms $146,878
5 bedrooms $235,589
Detroit Home Price Trends
  8/2023 7/2023 6/2023 5/2023 4/2023
Total Listings 6,137 5,940 5,740 5,493 5,287
Average Price $140,150 $144,807 $148,875 $148,368 $141,481
Avg Price Change -3.32% -2.81% +0.34% +4.87% +3.01%
Median Price $84,999 $86,760 $86,907 $84,637 $80,316
Med Price Change -2.07% -0.17% +2.68% +5.38% +0.50%
Avg Bedrooms 3.03 beds 3.05 beds 3.04 beds 3.03 beds 3.04 beds
Avg Bathrooms 1.49 baths 1.51 baths 1.52 baths 1.52 baths 1.51 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Cass Technical High School 1 $619,999 14 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 6,373 $137,533 107 days
Distressed Homes 36 $68,205 207 days
Multi-Million Dollar Homes 44 $1,696,468 246 days
Newly Built Homes 124 $520,683 270 days
Homes with a Pool 115 $400,750 127 days
Reduced Price Homes 222 $128,440 63 days
Arterra Realty
425 South Main Street, Suite 101
Rochester, MI 48307
248-731-0048

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