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Brad Petty
517-861-6493
430225

Detroit

Why you'd want to live in Detroit

Detroit, MI, often referred to as the "Motor City," is the largest city in Michigan and a historical hub for the American automotive industry, home to giants like Ford, General Motors, and Chrysler. After decades of economic struggles, Detroit is experiencing revitalization, with growth in areas such as technology, arts, and urban development. The city's downtown area has seen a resurgence with new businesses, cultural attractions, and residential projects. Detroit also boasts a rich musical heritage, being the birthplace of Motown Records, and continues to be a center for innovation and creativity?.

Detroit Market Report

$213,007

AVERAGE PRICE OF 12,363 HOMES

$2,205,240

AVERAGE PRICE OF 323 MULTI-MILLION DOLLAR HOMES

$544,557

AVERAGE PRICE OF 126 NEWLY BUILT HOMES

$430,075

AVERAGE PRICE OF 126 HOMES WITH A POOL

$183,950

AVERAGE PRICE OF 357 REDUCED PRICE HOMES

$214,615

AVERAGE PRICE OF 4,086 DISTRESSED HOMES

Average Home

Average Price $213,007
Avg Bedrooms 2.32 beds
Avg Bathrooms 1.51 baths

Average Price by Bedrooms

1 bedroom $184,510
2 bedrooms $171,121
3 bedrooms $130,029
4 bedrooms $175,437
5 bedrooms $233,686
Detroit Home Price Trends
  3/2025 2/2025 1/2025 12/2024 11/2024
Total Listings 11,556 11,354 11,540 12,259 12,579
Average Price $211,925 $211,195 $209,104 $211,193 $212,635
Avg Price Change +0.35% +1.00% -1.00% -0.68% +0.39%
Median Price $116,005 $114,112 $111,759 $112,840 $115,479
Med Price Change +1.66% +2.11% -0.97% -2.34% +3.51%
Avg Bedrooms 2.31 beds 2.34 beds 2.34 beds 2.1 beds 2.12 beds
Avg Bathrooms 1.5 baths 1.48 baths 1.5 baths 1.52 baths 1.53 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Mumford High School 4 $167,224 116 days
Total Homes Average Price Avg Days on Site
All Homes 12,363 $213,007 112 days
Multi-Million Dollar Homes 323 $2,205,240 158 days
Newly Built Homes 126 $544,557 130 days
Homes with a Pool 126 $430,075 109 days
Reduced Price Homes 357 $183,950 71 days
Distressed Homes 4,086 $214,615 116 days
Real Estate For A CAUSE
8200 South Saginaw Street, Suite 200
Grand Blanc, MI 48439
810-344-7275

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 James Mirolli - Real Estate For A Cause Michigan. Copyright 2025 Realcomp II Ltd. Shareholders
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