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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

$143,284

AVERAGE PRICE OF 5,773 HOMES

$68,545

AVERAGE PRICE OF 62 DISTRESSED HOMES

$1,578,769

AVERAGE PRICE OF 58 MULTI-MILLION DOLLAR HOMES

$625,131

AVERAGE PRICE OF 132 NEWLY BUILT HOMES

$256,361

AVERAGE PRICE OF 143 HOMES WITH A POOL

$144,127

AVERAGE PRICE OF 192 REDUCED PRICE HOMES

Average Home

Average Price $143,284
Avg Bedrooms 3.05 beds
Avg Bathrooms 1.35 baths

Average Price by Bedrooms

1 bedroom $208,734
2 bedrooms $168,547
3 bedrooms $114,878
4 bedrooms $149,749
5 bedrooms $230,047
Detroit Home Price Trends
  11/2022 10/2022 9/2022 8/2022 7/2022
Total Listings 5,966 5,912 5,902 5,693 5,345
Average Price $143,668 $146,387 $148,600 $150,231 $153,216
Avg Price Change -1.89% -1.51% -1.10% -1.99% n/a
Median Price $83,106 $84,043 $83,954 $82,665 $84,596
Med Price Change -1.13% +0.11% +1.56% -2.34% n/a
Avg Bedrooms 3.04 beds 3.04 beds 3.04 beds 3.04 beds 3.05 beds
Avg Bathrooms 1.35 baths 1.36 baths 1.36 baths 1.36 baths 1.37 baths
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 5,773 $143,284 108 days
Distressed Homes 62 $68,545 132 days
Multi-Million Dollar Homes 58 $1,578,769 328 days
Newly Built Homes 132 $625,131 317 days
Homes with a Pool 143 $256,361 138 days
Reduced Price Homes 192 $144,127 66 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

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