Detroit Market Report
$149,733
AVERAGE PRICE OF 2,836 HOMES$101,293
AVERAGE PRICE OF 23 DISTRESSED HOMES$1,819,636
AVERAGE PRICE OF 28 MULTI-MILLION DOLLAR HOMES$585,311
AVERAGE PRICE OF 66 NEWLY BUILT HOMES$395,205
AVERAGE PRICE OF 66 HOMES WITH A POOL$174,976
AVERAGE PRICE OF 97 REDUCED PRICE HOMESAverage Home
| Average Price | $149,733 |
| Avg Bedrooms | 3.04 beds |
| Avg Bathrooms | 1.36 baths |
Average Price by Bedrooms
| 1 bedroom | $197,207 |
| 2 bedrooms | $171,038 |
| 3 bedrooms | $121,855 |
| 4 bedrooms | $151,843 |
| 5 bedrooms | $209,687 |
Detroit Home Price Trends
| 5/2023 | 4/2023 | 3/2023 | 2/2023 | 1/2023 | |
|---|---|---|---|---|---|
| Total Listings | 2,737 | 2,622 | 2,664 | 2,686 | 2,652 |
| Average Price | $148,687 | $141,931 | $137,366 | $137,255 | $143,596 |
| Avg Price Change | +4.76% | +3.32% | +0.08% | -4.62% | -0.37% |
| Median Price | $84,949 | $80,536 | $79,937 | $79,911 | $79,964 |
| Med Price Change | +5.48% | +0.75% | +0.03% | -0.07% | -1.54% |
| Avg Bedrooms | 3.03 beds | 3.04 beds | 3.03 beds | 3.02 beds | 3.02 beds |
| Avg Bathrooms | 1.36 baths | 1.35 baths | 1.34 baths | 1.34 baths | 1.35 baths |
Home Price by House Size
| Total Homes | Average Price | Avg Days on Site | |
|---|---|---|---|
| All Homes | 2,836 | $149,733 | 103 days |
| Distressed Homes | 23 | $101,293 | 105 days |
| Multi-Million Dollar Homes | 28 | $1,819,636 | 277 days |
| Newly Built Homes | 66 | $585,311 | 253 days |
| Homes with a Pool | 66 | $395,205 | 122 days |
| Reduced Price Homes | 97 | $174,976 | 67 days |
