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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

$146,647

AVERAGE PRICE OF 2,363 HOMES

$88,761

AVERAGE PRICE OF 18 DISTRESSED HOMES

$1,492,655

AVERAGE PRICE OF 25 MULTI-MILLION DOLLAR HOMES

$595,150

AVERAGE PRICE OF 62 NEWLY BUILT HOMES

$218,020

AVERAGE PRICE OF 107 HOMES WITH A POOL

$199,130

AVERAGE PRICE OF 42 REDUCED PRICE HOMES

Average Home

Average Price $146,647
Avg Bedrooms 3.03 beds
Avg Bathrooms 1.38 baths

Average Price by Bedrooms

1 bedroom $214,886
2 bedrooms $185,559
3 bedrooms $116,185
4 bedrooms $149,327
5 bedrooms $245,661
Detroit Home Price Trends
  10/2021 9/2021 8/2021 7/2021 6/2021
Total Listings 2,291 2,262 2,051 1,878 1,790
Average Price $148,947 $153,603 $158,452 $160,312 $164,777
Avg Price Change -3.13% -3.16% -1.17% -2.79% -0.37%
Median Price $79,989 $80,183 $84,917 $84,858 $84,982
Med Price Change -0.24% -5.90% +0.07% -0.15% +3.73%
Avg Bedrooms 3.01 beds 3.01 beds 3.02 beds 3.02 beds 2.98 beds
Avg Bathrooms 1.38 baths 1.39 baths 1.4 baths 1.41 baths 1.41 baths
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 2,363 $146,647 97 days
Distressed Homes 18 $88,761 232 days
Multi-Million Dollar Homes 25 $1,492,655 274 days
Newly Built Homes 62 $595,150 266 days
Homes with a Pool 107 $218,020 121 days
Reduced Price Homes 42 $199,130 56 days
Bellabay Realty Tri-Counties
37361 Eight Mile Rd
Livonia, MI 48152
248-274-6614

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