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Kimberly Barnwell
586-489-0853

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

$140,463

AVERAGE PRICE OF 6,312 HOMES

$89,415

AVERAGE PRICE OF 36 DISTRESSED HOMES

$1,785,412

AVERAGE PRICE OF 48 MULTI-MILLION DOLLAR HOMES

$549,816

AVERAGE PRICE OF 117 NEWLY BUILT HOMES

$418,444

AVERAGE PRICE OF 115 HOMES WITH A POOL

$133,743

AVERAGE PRICE OF 197 REDUCED PRICE HOMES

Average Home

Average Price $140,463
Avg Bedrooms 3.07 beds
Avg Bathrooms 1.5 baths

Average Price by Bedrooms

1 bedroom $189,780
2 bedrooms $162,109
3 bedrooms $112,122
4 bedrooms $153,310
5 bedrooms $241,451
Detroit Home Price Trends
  11/2023 10/2023 9/2023 8/2023 7/2023
Total Listings 6,421 6,381 6,298 6,137 5,940
Average Price $140,132 $139,532 $137,421 $140,150 $144,807
Avg Price Change +0.43% +1.54% -1.99% -3.32% -2.81%
Median Price $85,593 $85,038 $84,890 $84,999 $86,760
Med Price Change +0.65% +0.17% -0.13% -2.07% -0.17%
Avg Bedrooms 3.05 beds 3.03 beds 3.02 beds 3.03 beds 3.05 beds
Avg Bathrooms 1.5 baths 1.48 baths 1.47 baths 1.49 baths 1.51 baths
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 6,312 $140,463 109 days
Distressed Homes 36 $89,415 193 days
Multi-Million Dollar Homes 48 $1,785,412 227 days
Newly Built Homes 117 $549,816 239 days
Homes with a Pool 115 $418,444 139 days
Reduced Price Homes 197 $133,743 49 days
Arterra Realty
429 Main St
Rochester, MI 48307
248-731-0048

Fair Housing/Equal Opportunity
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