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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

$139,472

AVERAGE PRICE OF 2,675 HOMES

$72,596

AVERAGE PRICE OF 29 DISTRESSED HOMES

$1,537,900

AVERAGE PRICE OF 27 MULTI-MILLION DOLLAR HOMES

$594,206

AVERAGE PRICE OF 53 NEWLY BUILT HOMES

$244,924

AVERAGE PRICE OF 65 HOMES WITH A POOL

$128,065

AVERAGE PRICE OF 88 REDUCED PRICE HOMES

Average Home

Average Price $139,472
Avg Bedrooms 3.03 beds
Avg Bathrooms 1.35 baths

Average Price by Bedrooms

1 bedroom $201,848
2 bedrooms $160,291
3 bedrooms $115,389
4 bedrooms $149,175
5 bedrooms $214,086
Detroit Home Price Trends
  1/2023 12/2022 11/2022 10/2022 9/2022
Total Listings 2,652 2,888 3,012 2,964 2,968
Average Price $143,596 $144,127 $143,236 $146,382 $148,426
Avg Price Change -0.37% +0.62% -2.20% -1.40% -1.19%
Median Price $79,964 $81,198 $84,158 $84,778 $84,748
Med Price Change -1.54% -3.65% -0.74% +0.04% +0.98%
Avg Bedrooms 3.02 beds 3.03 beds 3.04 beds 3.04 beds 3.04 beds
Avg Bathrooms 1.35 baths 1.35 baths 1.36 baths 1.37 baths 1.37 baths
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 2,675 $139,472 116 days
Distressed Homes 29 $72,596 112 days
Multi-Million Dollar Homes 27 $1,537,900 324 days
Newly Built Homes 53 $594,206 243 days
Homes with a Pool 65 $244,924 132 days
Reduced Price Homes 88 $128,065 74 days
Bellabay Realty Tri-Counties
37361 Eight Mile Rd
Livonia, MI 48152
248-274-6614

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