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

$156,930

AVERAGE PRICE OF 3,282 HOMES

$80,460

AVERAGE PRICE OF 48 DISTRESSED HOMES

$1,628,572

AVERAGE PRICE OF 47 MULTI-MILLION DOLLAR HOMES

$547,854

AVERAGE PRICE OF 136 NEWLY BUILT HOMES

$236,153

AVERAGE PRICE OF 180 HOMES WITH A POOL

$181,640

AVERAGE PRICE OF 46 REDUCED PRICE HOMES

Average Home

Average Price $156,930
Avg Bedrooms 3.01 beds
Avg Bathrooms 1.6 baths

Average Price by Bedrooms

1 bedroom $199,643
2 bedrooms $210,871
3 bedrooms $117,179
4 bedrooms $153,140
5 bedrooms $213,686
Detroit Home Price Trends
  2/2021 1/2021 12/2020 11/2020 10/2020
Total Listings 1,672 3,341 3,709 3,890 4,089
Average Price $158,280 $157,564 $157,084 $157,893 $157,429
Avg Price Change +0.45% +0.31% -0.52% +0.29% +2.14%
Median Price $76,770 $77,909 $78,301 $76,496 $75,051
Med Price Change -1.48% -0.50% +2.36% +1.93% +4.06%
Avg Bedrooms 3.03 beds 3.05 beds 3.06 beds 3.05 beds 3.03 beds
Avg Bathrooms 1.43 baths 1.63 baths 1.63 baths 1.64 baths 1.65 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
East English Village Prep High 1 $119,000 282 days
King High School 1 $49,500 62 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 3,282 $156,930 120 days
Distressed Homes 48 $80,460 169 days
Multi-Million Dollar Homes 47 $1,628,572 208 days
Newly Built Homes 136 $547,854 301 days
Homes with a Pool 180 $236,153 137 days
Reduced Price Homes 46 $181,640 131 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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