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Detroit

Why you'd want to live in Detroit

Detroit, located in southeast Michigan on the Detroit River between Lake Huron and Lake Erie, is the largest city in the state and the tenth-largest in the country. It is the oldest major city west of the original colonies and the only city in the US that allows you to travel south into Canada. It began as a fur-trading town in the 1700s, Detroit took full advantage of its prime geographical location in the 1800s, becoming a major shipping and manufacturing center. With an influx of workers from Europe and the American South, including many African Americans, Detroit was an industrial juggernaut in the early 1900s. During the two World Wars, Detroit was a leading supplier to the military. The birthplace of the automobile and the home of the "Big 3" (General Motors, Ford and Chrysler), Detroit remains the nucleus of the industry despite competition from Japan and Europe. One of the largest manufacturing cities in the country, Detroit is a leader in steel, fabricated-metal, chemicals, paper products, food and beverages. The health industry is also among the city's leading employers.

Detroit Market Report

$206,967

AVERAGE PRICE OF 4,213 HOMES

$212,430

AVERAGE PRICE OF 3,852 DISTRESSED HOMES

$2,294,647

AVERAGE PRICE OF 95 MULTI-MILLION DOLLAR HOMES

$571,793

AVERAGE PRICE OF 48 NEWLY BUILT HOMES

$270,532

AVERAGE PRICE OF 50 HOMES WITH A POOL

$193,641

AVERAGE PRICE OF 116 REDUCED PRICE HOMES

Average Home

Average Price $206,967
Avg Bedrooms 2.75 beds
Avg Bathrooms 1.53 baths

Average Price by Bedrooms

1 bedroom $199,731
2 bedrooms $153,782
3 bedrooms $122,430
4 bedrooms $165,677
5 bedrooms $239,146
Detroit Home Price Trends
  1/2025 12/2024 11/2024 10/2024 9/2024
Total Listings 4,223 4,533 4,664 4,712 4,753
Average Price $202,248 $203,751 $204,641 $204,648 $203,555
Avg Price Change -0.74% -0.44% 0.00% +0.54% -1.17%
Median Price $110,181 $111,380 $114,540 $110,521 $106,748
Med Price Change -1.09% -2.84% +3.64% +3.53% -2.83%
Avg Bedrooms 2.6 beds 2.18 beds 2.2 beds 2.22 beds 2.23 beds
Avg Bathrooms 1.54 baths 1.56 baths 1.57 baths 1.57 baths 1.57 baths
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 4,213 $206,967 115 days
Distressed Homes 3,852 $212,430 118 days
Multi-Million Dollar Homes 95 $2,294,647 167 days
Newly Built Homes 48 $571,793 143 days
Homes with a Pool 50 $270,532 102 days
Reduced Price Homes 116 $193,641 75 days
Bellabay Realty Tri-Counties
37361 Eight Mile Rd
Livonia, MI 48152
248-274-6614

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