If you need assistance, please call 248-274-6614

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

$204,606

AVERAGE PRICE OF 4,523 HOMES

$210,321

AVERAGE PRICE OF 4,108 DISTRESSED HOMES

$2,112,777

AVERAGE PRICE OF 113 MULTI-MILLION DOLLAR HOMES

$552,223

AVERAGE PRICE OF 70 NEWLY BUILT HOMES

$282,681

AVERAGE PRICE OF 62 HOMES WITH A POOL

$168,174

AVERAGE PRICE OF 198 REDUCED PRICE HOMES

Average Home

Average Price $204,606
Avg Bedrooms 2.18 beds
Avg Bathrooms 1.56 baths

Average Price by Bedrooms

1 bedroom $199,840
2 bedrooms $154,813
3 bedrooms $123,865
4 bedrooms $172,666
5 bedrooms $249,812
Detroit Home Price Trends
  6/2024 5/2024 4/2024 3/2024 2/2024
Total Listings 4,458 4,406 n/a n/a n/a
Average Price $204,432 $201,517 n/a n/a n/a
Avg Price Change +1.45% n/a n/a n/a n/a
Median Price $104,385 $100,000 n/a n/a n/a
Med Price Change +4.39% n/a n/a n/a n/a
Avg Bedrooms 2.17 beds 2.14 beds n/a n/a n/a
Avg Bathrooms 1.55 baths 1.53 baths n/a n/a n/a
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 4,523 $204,606 56 days
Distressed Homes 4,108 $210,321 57 days
Multi-Million Dollar Homes 113 $2,112,777 68 days
Newly Built Homes 70 $552,223 65 days
Homes with a Pool 62 $282,681 58 days
Reduced Price Homes 198 $168,174 47 days
Bellabay Realty Tri-Counties
37361 Eight Mile Rd
Livonia, MI 48152
248-274-6614

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 Bellabay Realty Caledonia - PRO PLUS - Mike Balsitis - findwestmichiganhouses.com. Copyright 2024 Realcomp II Ltd. Shareholders
This site powered by CINC: www.cincpro.com