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

$156,438

AVERAGE PRICE OF 4,199 HOMES

$63,342

AVERAGE PRICE OF 55 DISTRESSED HOMES

$1,621,861

AVERAGE PRICE OF 42 MULTI-MILLION DOLLAR HOMES

$597,720

AVERAGE PRICE OF 169 NEWLY BUILT HOMES

$262,687

AVERAGE PRICE OF 258 HOMES WITH A POOL

$167,924

AVERAGE PRICE OF 80 REDUCED PRICE HOMES

Average Home

Average Price $156,438
Avg Bedrooms 3.02 beds
Avg Bathrooms 1.69 baths

Average Price by Bedrooms

1 bedroom $207,200
2 bedrooms $211,486
3 bedrooms $112,966
4 bedrooms $158,620
5 bedrooms $268,650
Detroit Home Price Trends
  8/2020 7/2020 6/2020 5/2020 4/2020
Total Listings 4,422 4,528 4,540 4,471 4,592
Average Price $146,923 $143,151 $136,777 $127,021 $123,369
Avg Price Change +2.63% +4.66% +7.68% +2.96% +1.78%
Median Price $66,974 $65,956 $63,458 $59,247 $59,110
Med Price Change +1.54% +3.94% +7.11% +0.23% +0.02%
Avg Bedrooms 3.03 beds 3.03 beds 3.02 beds 3.01 beds 3.01 beds
Avg Bathrooms 1.64 baths 1.58 baths 1.57 baths 1.54 baths 1.54 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Detroit Public School 1 $159,900 82 days
East English Village Prep High 1 $119,000 111 days
King High School 1 $53,900 45 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 4,199 $156,438 126 days
Distressed Homes 55 $63,342 170 days
Multi-Million Dollar Homes 42 $1,621,861 164 days
Newly Built Homes 169 $597,720 274 days
Homes with a Pool 258 $262,687 118 days
Reduced Price Homes 80 $167,924 76 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

The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. .IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing and that the data is deemed reliable but not guaranteed accurate by the MLS. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. Provided through IDX through Realcomp II Ltd. Courtesy of Fred Mommersteeg - Arterra Realty. Copyright 2020 Realcomp II Ltd. Shareholders
MIMLS Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource. The information published and disseminated by MiRealSource is communicated verbatim, without change by MiRealSource, as filed with MiRealSource by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Copyright 2020 MiRealSource. All rights reserved. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc. Provided through IDX via MiRealSource, as the "Source MLS", courtesy of the Originating MLS shown on the property listing, as the Originating MLS. The information published and disseminated by the Originating MLS is communicated verbatim, without change by the Originating MLS, as filed with it by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Copyright 2020 MiRealSource. All rights reserved. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc.
This site powered by CINC: www.cincpro.com