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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

$146,538

AVERAGE PRICE OF 5,908 HOMES

$64,854

AVERAGE PRICE OF 69 DISTRESSED HOMES

$1,568,975

AVERAGE PRICE OF 67 MULTI-MILLION DOLLAR HOMES

$664,545

AVERAGE PRICE OF 133 NEWLY BUILT HOMES

$253,943

AVERAGE PRICE OF 153 HOMES WITH A POOL

$152,043

AVERAGE PRICE OF 283 REDUCED PRICE HOMES

Average Home

Average Price $146,538
Avg Bedrooms 3.04 beds
Avg Bathrooms 1.36 baths

Average Price by Bedrooms

1 bedroom $203,849
2 bedrooms $170,121
3 bedrooms $118,573
4 bedrooms $153,842
5 bedrooms $209,093
Detroit Home Price Trends
  9/2022 8/2022 7/2022 6/2022 5/2022
Total Listings 5,902 5,693 5,345 n/a n/a
Average Price $148,600 $150,231 $153,216 n/a n/a
Avg Price Change -1.10% -1.99% n/a n/a n/a
Median Price $83,954 $82,665 $84,596 n/a n/a
Med Price Change +1.56% -2.34% n/a n/a n/a
Avg Bedrooms 3.04 beds 3.04 beds 3.05 beds n/a n/a
Avg Bathrooms 1.36 baths 1.36 baths 1.37 baths n/a n/a
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Loyola High School 1 $62,000 23 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 5,908 $146,538 96 days
Distressed Homes 69 $64,854 109 days
Multi-Million Dollar Homes 67 $1,568,975 317 days
Newly Built Homes 133 $664,545 317 days
Homes with a Pool 153 $253,943 135 days
Reduced Price Homes 283 $152,043 63 days
Arterra Realty
425 South Main Street, Suite 101
Rochester, MI 48307
248-731-0048


Arterra Realty Clinton Twp LLC
The Mall at Partridge Creek
17370 Hall Road, Suite 111B
Clinton Township, MI 48038
586-460-2040

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