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

$158,083

AVERAGE PRICE OF 3,833 HOMES

$57,730

AVERAGE PRICE OF 61 DISTRESSED HOMES

$1,579,351

AVERAGE PRICE OF 46 MULTI-MILLION DOLLAR HOMES

$603,866

AVERAGE PRICE OF 147 NEWLY BUILT HOMES

$252,955

AVERAGE PRICE OF 212 HOMES WITH A POOL

$204,160

AVERAGE PRICE OF 66 REDUCED PRICE HOMES

Average Home

Average Price $158,083
Avg Bedrooms 3.05 beds
Avg Bathrooms 1.63 baths

Average Price by Bedrooms

1 bedroom $219,467
2 bedrooms $209,043
3 bedrooms $114,707
4 bedrooms $158,086
5 bedrooms $227,258
Detroit Home Price Trends
  10/2020 9/2020 8/2020 7/2020 6/2020
Total Listings 4,089 4,236 4,422 4,528 4,540
Average Price $157,429 $154,134 $146,923 $143,151 $136,777
Avg Price Change +2.14% +4.91% +2.63% +4.66% +7.68%
Median Price $75,051 $72,120 $66,974 $65,956 $63,458
Med Price Change +4.06% +7.68% +1.54% +3.94% +7.11%
Avg Bedrooms 3.03 beds 3.03 beds 3.03 beds 3.03 beds 3.02 beds
Avg Bathrooms 1.65 baths 1.69 baths 1.64 baths 1.58 baths 1.57 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
East English Village Prep High 1 $119,000 181 days
King High School 1 $53,900 115 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 3,833 $158,083 126 days
Distressed Homes 61 $57,730 134 days
Multi-Million Dollar Homes 46 $1,579,351 219 days
Newly Built Homes 147 $603,866 291 days
Homes with a Pool 212 $252,955 140 days
Reduced Price Homes 66 $204,160 90 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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