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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

$158,736

AVERAGE PRICE OF 1,653 HOMES

$73,295

AVERAGE PRICE OF 22 DISTRESSED HOMES

$1,682,337

AVERAGE PRICE OF 21 MULTI-MILLION DOLLAR HOMES

$561,727

AVERAGE PRICE OF 64 NEWLY BUILT HOMES

$244,662

AVERAGE PRICE OF 86 HOMES WITH A POOL

$179,874

AVERAGE PRICE OF 37 REDUCED PRICE HOMES

Average Home

Average Price $158,736
Avg Bedrooms 3.04 beds
Avg Bathrooms 1.43 baths

Average Price by Bedrooms

1 bedroom $215,290
2 bedrooms $210,686
3 bedrooms $117,282
4 bedrooms $151,938
5 bedrooms $220,329
Detroit Home Price Trends
  12/2020 11/2020 10/2020 9/2020 8/2020
Total Listings 1,879 1,971 2,063 2,147 2,238
Average Price $156,484 $157,215 $156,973 $153,344 $146,195
Avg Price Change -0.47% +0.15% +2.37% +4.89% +2.87%
Median Price $77,524 $75,911 $75,086 $72,137 $66,963
Med Price Change +2.12% +1.10% +4.09% +7.73% +1.86%
Avg Bedrooms 3.06 beds 3.04 beds 3.03 beds 3.03 beds 3.03 beds
Avg Bathrooms 1.44 baths 1.46 baths 1.49 baths 1.59 baths 1.51 baths
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 1,653 $158,736 126 days
Distressed Homes 22 $73,295 172 days
Multi-Million Dollar Homes 21 $1,682,337 211 days
Newly Built Homes 64 $561,727 310 days
Homes with a Pool 86 $244,662 146 days
Reduced Price Homes 37 $179,874 77 days
Bellabay Realty Tri-Counties
37361 Eight Mile Rd
Livonia, MI 48152
248-274-6614

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