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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

$203,391

AVERAGE PRICE OF 4,651 HOMES

$208,385

AVERAGE PRICE OF 4,269 DISTRESSED HOMES

$2,107,511

AVERAGE PRICE OF 103 MULTI-MILLION DOLLAR HOMES

$405,719

AVERAGE PRICE OF 47 NEWLY BUILT HOMES

$378,890

AVERAGE PRICE OF 54 HOMES WITH A POOL

$167,540

AVERAGE PRICE OF 110 REDUCED PRICE HOMES

Average Home

Average Price $203,391
Avg Bedrooms 2.85 beds
Avg Bathrooms 1.63 baths

Average Price by Bedrooms

1 bedroom $222,019
2 bedrooms $139,686
3 bedrooms $125,540
4 bedrooms $158,240
5 bedrooms $247,338
Detroit Home Price Trends
  1/2026 12/2025 11/2025 10/2025 9/2025
Total Listings 4,719 5,118 5,241 5,216 6,588
Average Price $199,960 $203,882 $207,444 $204,071 $199,739
Avg Price Change -1.96% -1.75% +1.65% +2.17% +4.22%
Median Price $110,163 $111,001 $115,000 $114,920 $117,087
Med Price Change -0.76% -3.60% +0.07% -1.89% -1.63%
Avg Bedrooms 2.9 beds 2.93 beds 2.94 beds 2.88 beds 2.95 beds
Avg Bathrooms 1.61 baths 1.63 baths 1.65 baths 1.66 baths 1.69 baths
Total Homes Average Price Avg Days on Site
All Homes 4,651 $203,391 155 days
Distressed Homes 4,269 $208,385 158 days
Multi-Million Dollar Homes 103 $2,107,511 231 days
Newly Built Homes 47 $405,719 69 days
Homes with a Pool 54 $378,890 125 days
Reduced Price Homes 110 $167,540 78 days
Bellabay Realty Tri-Counties
37361 Eight Mile Rd
Livonia, MI 48152
248-274-6614

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