If you need assistance, please call 248-731-0048

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

$138,803

AVERAGE PRICE OF 5,325 HOMES

$77,083

AVERAGE PRICE OF 59 DISTRESSED HOMES

$1,545,790

AVERAGE PRICE OF 50 MULTI-MILLION DOLLAR HOMES

$606,000

AVERAGE PRICE OF 110 NEWLY BUILT HOMES

$237,582

AVERAGE PRICE OF 151 HOMES WITH A POOL

$115,132

AVERAGE PRICE OF 114 REDUCED PRICE HOMES

Average Home

Average Price $138,803
Avg Bedrooms 3.03 beds
Avg Bathrooms 1.51 baths

Average Price by Bedrooms

1 bedroom $197,394
2 bedrooms $163,412
3 bedrooms $114,667
4 bedrooms $148,836
5 bedrooms $219,600
Detroit Home Price Trends
  2/2023 1/2023 12/2022 11/2022 10/2022
Total Listings 5,339 5,297 5,734 5,966 5,912
Average Price $137,459 $143,798 $144,380 $143,668 $146,387
Avg Price Change -4.61% -0.40% +0.50% -1.89% -1.51%
Median Price $79,905 $79,933 $80,625 $83,106 $84,043
Med Price Change -0.04% -0.87% -3.08% -1.13% +0.11%
Avg Bedrooms 3.02 beds 3.02 beds 3.03 beds 3.04 beds 3.04 beds
Avg Bathrooms 1.43 baths 1.35 baths 1.34 baths 1.35 baths 1.36 baths
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 5,325 $138,803 117 days
Distressed Homes 59 $77,083 112 days
Multi-Million Dollar Homes 50 $1,545,790 320 days
Newly Built Homes 110 $606,000 260 days
Homes with a Pool 151 $237,582 140 days
Reduced Price Homes 114 $115,132 62 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

Fair Housing/Equal Opportunity
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