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Detroit

Why you'd want to live in Detroit

Detroit, located in southeast Michigan on the Detroit River between Lake Huron and Lake Erie, is the largest city in the state and the tenth-largest in the country. It is the oldest major city west of the original colonies and the only city in the US that allows you to travel south into Canada. It began as a fur-trading town in the 1700s, Detroit took full advantage of its prime geographical location in the 1800s, becoming a major shipping and manufacturing center. With an influx of workers from Europe and the American South, including many African Americans, Detroit was an industrial juggernaut in the early 1900s. During the two World Wars, Detroit was a leading supplier to the military. The birthplace of the automobile and the home of the "Big 3" (General Motors, Ford and Chrysler), Detroit remains the nucleus of the industry despite competition from Japan and Europe. One of the largest manufacturing cities in the country, Detroit is a leader in steel, fabricated-metal, chemicals, paper products, food and beverages. The health industry is also among the city's leading employers.

Detroit Market Report

$216,380

AVERAGE PRICE OF 3,406 HOMES

$2,214,109

AVERAGE PRICE OF 97 MULTI-MILLION DOLLAR HOMES

$649,401

AVERAGE PRICE OF 50 NEWLY BUILT HOMES

$171,566

AVERAGE PRICE OF 6 HOMES WITH A POOL

$190,189

AVERAGE PRICE OF 120 REDUCED PRICE HOMES

Average Home

Average Price $216,380
Avg Bedrooms 1.97 beds
Avg Bathrooms 1.48 baths

Average Price by Bedrooms

1 bedroom $211,536
2 bedrooms $162,015
3 bedrooms $125,055
4 bedrooms $162,309
5 bedrooms $267,672
Detroit Home Price Trends
  3/2024 2/2024 1/2024 12/2023 11/2023
Total Listings 2,879 527 490 7 8
Average Price $199,279 $147,370 $153,131 $299,374 $299,216
Avg Price Change +35.22% -3.91% -95.50% +0.05% -141.38%
Median Price $99,334 $92,888 $90,331 $202,975 $121,200
Med Price Change +6.94% +2.83% -124.70% +67.47% -488.94%
Avg Bedrooms 2.03 beds 2.17 beds 2.17 beds 2.01 beds 1.91 beds
Avg Bathrooms 1.46 baths 1.37 baths 1.37 baths 1.69 baths 1.32 baths
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 3,406 $216,380 34 days
Multi-Million Dollar Homes 97 $2,214,109 34 days
Newly Built Homes 50 $649,401 36 days
Homes with a Pool 6 $171,566 70 days
Reduced Price Homes 120 $190,189 32 days
Bellabay Realty Tri-Counties
37361 Eight Mile Rd
Livonia, MI 48152
248-274-6614

Information is provided exclusively for consumers’ personal use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable, but is not guaranteed accurate by the MLS.
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