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

$148,310

AVERAGE PRICE OF 3,012 HOMES

$70,985

AVERAGE PRICE OF 34 DISTRESSED HOMES

$1,555,988

AVERAGE PRICE OF 35 MULTI-MILLION DOLLAR HOMES

$668,628

AVERAGE PRICE OF 67 NEWLY BUILT HOMES

$256,912

AVERAGE PRICE OF 85 HOMES WITH A POOL

$137,820

AVERAGE PRICE OF 144 REDUCED PRICE HOMES

Average Home

Average Price $148,310
Avg Bedrooms 3.04 beds
Avg Bathrooms 1.37 baths

Average Price by Bedrooms

1 bedroom $210,244
2 bedrooms $171,866
3 bedrooms $120,307
4 bedrooms $156,879
5 bedrooms $206,233
Detroit Home Price Trends
  8/2022 7/2022 6/2022 5/2022 4/2022
Total Listings 2,852 2,614 n/a n/a n/a
Average Price $150,194 $153,565 n/a n/a n/a
Avg Price Change -2.24% n/a n/a n/a n/a
Median Price $83,928 $84,739 n/a n/a n/a
Med Price Change -0.97% n/a n/a n/a n/a
Avg Bedrooms 3.04 beds 3.05 beds n/a n/a n/a
Avg Bathrooms 1.38 baths 1.39 baths n/a n/a n/a
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 3,012 $148,310 95 days
Distressed Homes 34 $70,985 97 days
Multi-Million Dollar Homes 35 $1,555,988 325 days
Newly Built Homes 67 $668,628 307 days
Homes with a Pool 85 $256,912 131 days
Reduced Price Homes 144 $137,820 59 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 2022 Realcomp II Ltd. Shareholders
This site powered by CINC: www.cincpro.com