Detroit Market Report
$203,382
AVERAGE PRICE OF 4,190 HOMES$209,010
AVERAGE PRICE OF 3,821 DISTRESSED HOMES$2,294,521
AVERAGE PRICE OF 92 MULTI-MILLION DOLLAR HOMES$514,090
AVERAGE PRICE OF 50 NEWLY BUILT HOMES$254,040
AVERAGE PRICE OF 47 HOMES WITH A POOL$200,624
AVERAGE PRICE OF 99 REDUCED PRICE HOMESAverage Home
| Average Price | $203,382 |
| Avg Bedrooms | 2.74 beds |
| Avg Bathrooms | 1.53 baths |
Average Price by Bedrooms
| 1 bedroom | $205,123 |
| 2 bedrooms | $133,269 |
| 3 bedrooms | $124,526 |
| 4 bedrooms | $162,796 |
| 5 bedrooms | $229,878 |
Detroit Home Price Trends
| 12/2024 | 11/2024 | 10/2024 | 9/2024 | 8/2024 | |
|---|---|---|---|---|---|
| Total Listings | 4,533 | 4,664 | 4,712 | 4,753 | 4,552 |
| Average Price | $203,751 | $204,641 | $204,648 | $203,555 | $205,941 |
| Avg Price Change | -0.44% | 0.00% | +0.54% | -1.17% | +0.22% |
| Median Price | $111,380 | $114,540 | $110,521 | $106,748 | $109,770 |
| Med Price Change | -2.84% | +3.64% | +3.53% | -2.83% | +0.52% |
| Avg Bedrooms | 2.18 beds | 2.2 beds | 2.22 beds | 2.23 beds | 2.19 beds |
| Avg Bathrooms | 1.56 baths | 1.57 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 | 4,190 | $203,382 | 111 days |
| Distressed Homes | 3,821 | $209,010 | 114 days |
| Multi-Million Dollar Homes | 92 | $2,294,521 | 174 days |
| Newly Built Homes | 50 | $514,090 | 158 days |
| Homes with a Pool | 47 | $254,040 | 110 days |
| Reduced Price Homes | 99 | $200,624 | 69 days |
