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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

$153,109

AVERAGE PRICE OF 4,604 HOMES

$103,970

AVERAGE PRICE OF 41 DISTRESSED HOMES

$1,694,534

AVERAGE PRICE OF 59 MULTI-MILLION DOLLAR HOMES

$658,674

AVERAGE PRICE OF 128 NEWLY BUILT HOMES

$249,560

AVERAGE PRICE OF 179 HOMES WITH A POOL

$168,381

AVERAGE PRICE OF 120 REDUCED PRICE HOMES

Average Home

Average Price $153,109
Avg Bedrooms 3.03 beds
Avg Bathrooms 1.37 baths

Average Price by Bedrooms

1 bedroom $204,196
2 bedrooms $192,209
3 bedrooms $123,638
4 bedrooms $154,107
5 bedrooms $213,324
Detroit Home Price Trends
  4/2022 3/2022 2/2022 1/2022 12/2021
Total Listings n/a 4,318 4,171 4,124 4,841
Average Price n/a $151,863 $152,187 $147,831 $145,695
Avg Price Change n/a -0.21% +2.95% +1.47% n/a
Median Price n/a $79,818 $79,084 $78,024 $78,512
Med Price Change n/a +0.93% +1.36% -0.63% n/a
Avg Bedrooms n/a 3.03 beds 3.04 beds 3.04 beds 3.04 beds
Avg Bathrooms n/a 1.37 baths 1.38 baths 1.37 baths 1.5 baths
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 4,604 $153,109 93 days
Distressed Homes 41 $103,970 141 days
Multi-Million Dollar Homes 59 $1,694,534 295 days
Newly Built Homes 128 $658,674 315 days
Homes with a Pool 179 $249,560 116 days
Reduced Price Homes 120 $168,381 40 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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