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

$166,663

AVERAGE PRICE OF 3,497 HOMES

$90,215

AVERAGE PRICE OF 38 DISTRESSED HOMES

$1,560,599

AVERAGE PRICE OF 44 MULTI-MILLION DOLLAR HOMES

$569,252

AVERAGE PRICE OF 136 NEWLY BUILT HOMES

$225,486

AVERAGE PRICE OF 217 HOMES WITH A POOL

$167,802

AVERAGE PRICE OF 70 REDUCED PRICE HOMES

Average Home

Average Price $166,663
Avg Bedrooms 2.96 beds
Avg Bathrooms 1.59 baths

Average Price by Bedrooms

1 bedroom $206,988
2 bedrooms $214,147
3 bedrooms $130,967
4 bedrooms $157,307
5 bedrooms $265,479
Detroit Home Price Trends
  5/2021 4/2021 3/2021 2/2021 1/2021
Total Listings 3,361 3,289 3,231 1,672 3,341
Average Price $165,509 $163,256 $160,246 $158,280 $157,564
Avg Price Change +1.38% +1.88% +1.24% +0.45% +0.31%
Median Price $81,224 $79,778 $76,999 $76,770 $77,909
Med Price Change +1.81% +3.61% +0.30% -1.48% -0.50%
Avg Bedrooms 3.02 beds 3 beds 3.02 beds 3.03 beds 3.05 beds
Avg Bathrooms 1.6 baths 1.61 baths 1.6 baths 1.43 baths 1.63 baths
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 3,497 $166,663 101 days
Distressed Homes 38 $90,215 230 days
Multi-Million Dollar Homes 44 $1,560,599 220 days
Newly Built Homes 136 $569,252 284 days
Homes with a Pool 217 $225,486 121 days
Reduced Price Homes 70 $167,802 61 days
Arterra Realty
Arterra Realty Michigan LLC
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

Arterra Realty Detroit LLC
Cocoon Building
2785 East Grand Blvd
Detroit, MI 48211
248-731-0048

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