Elena Marogy
586-383-1221

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

$151,364

AVERAGE PRICE OF 4,519 HOMES

$107,075

AVERAGE PRICE OF 46 DISTRESSED HOMES

$1,558,587

AVERAGE PRICE OF 48 MULTI-MILLION DOLLAR HOMES

$568,741

AVERAGE PRICE OF 129 NEWLY BUILT HOMES

$206,393

AVERAGE PRICE OF 214 HOMES WITH A POOL

$147,098

AVERAGE PRICE OF 127 REDUCED PRICE HOMES

Average Home

Average Price $151,364
Avg Bedrooms 3 beds
Avg Bathrooms 1.56 baths

Average Price by Bedrooms

1 bedroom $203,239
2 bedrooms $180,528
3 bedrooms $121,857
4 bedrooms $160,190
5 bedrooms $213,697
Detroit Home Price Trends
  8/2021 7/2021 6/2021 5/2021 4/2021
Total Listings 4,046 3,713 3,519 3,361 3,289
Average Price $159,320 $161,160 $165,269 $165,509 $163,256
Avg Price Change -1.15% -2.55% -0.15% +1.38% +1.88%
Median Price $84,929 $84,876 $84,807 $81,224 $79,778
Med Price Change +0.06% +0.08% +4.41% +1.81% +3.61%
Avg Bedrooms 3.01 beds 3.01 beds 2.98 beds 3.02 beds 3 beds
Avg Bathrooms 1.58 baths 1.58 baths 1.59 baths 1.6 baths 1.61 baths
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 4,519 $151,364 91 days
Distressed Homes 46 $107,075 204 days
Multi-Million Dollar Homes 48 $1,558,587 229 days
Newly Built Homes 129 $568,741 277 days
Homes with a Pool 214 $206,393 108 days
Reduced Price Homes 127 $147,098 62 days
Arterra Realty
Arterra Realty Michigan LLC
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

Arterra Realty Detroit LLC
Cocoon Building
2785 East Grand Blvd
Detroit, MI 48211
248-731-0048

Fair Housing/Equal Opportunity
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The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. .IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing and that the data is deemed reliable but not guaranteed accurate by the MLS. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. Provided through IDX through Realcomp II Ltd. Courtesy of Fred Mommersteeg - Arterra Realty. Copyright 2021 Realcomp II Ltd. Shareholders
MIMLS Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource. The information published and disseminated by MiRealSource is communicated verbatim, without change by MiRealSource, as filed with MiRealSource by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Copyright 2021 MiRealSource. All rights reserved. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc. Provided through IDX via MiRealSource, as the "Source MLS", courtesy of the Originating MLS shown on the property listing, as the Originating MLS. The information published and disseminated by the Originating MLS is communicated verbatim, without change by the Originating MLS, as filed with it by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Copyright 2021 MiRealSource. All rights reserved. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc.
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