Detroit Market Report
$199,481
AVERAGE PRICE OF 4,965 HOMES$204,749
AVERAGE PRICE OF 4,519 DISTRESSED HOMES$2,104,305
AVERAGE PRICE OF 99 MULTI-MILLION DOLLAR HOMES$492,705
AVERAGE PRICE OF 52 NEWLY BUILT HOMES$369,593
AVERAGE PRICE OF 65 HOMES WITH A POOL$206,931
AVERAGE PRICE OF 123 REDUCED PRICE HOMESAverage Home
| Average Price | $199,481 |
| Avg Bedrooms | 2.86 beds |
| Avg Bathrooms | 1.63 baths |
Average Price by Bedrooms
| 1 bedroom | $189,416 |
| 2 bedrooms | $149,860 |
| 3 bedrooms | $128,366 |
| 4 bedrooms | $169,977 |
| 5 bedrooms | $229,528 |
Detroit Home Price Trends
| 5/2025 | 4/2025 | 3/2025 | 2/2025 | 1/2025 | |
|---|---|---|---|---|---|
| Total Listings | 4,587 | 4,345 | 4,243 | 4,191 | 4,223 |
| Average Price | $206,580 | $209,249 | $206,143 | $206,834 | $202,248 |
| Avg Price Change | -1.29% | +1.51% | -0.34% | +2.27% | -0.74% |
| Median Price | $117,446 | $115,153 | $114,925 | $113,054 | $110,181 |
| Med Price Change | +1.99% | +0.20% | +1.65% | +2.61% | -1.09% |
| Avg Bedrooms | 2.84 beds | 2.8 beds | 2.78 beds | 2.75 beds | 2.6 beds |
| Avg Bathrooms | 1.62 baths | 1.59 baths | 1.55 baths | 1.52 baths | 1.54 baths |
| Total Homes | Average Price | Avg Days on Site | |
|---|---|---|---|
| All Homes | 4,965 | $199,481 | 118 days |
| Distressed Homes | 4,519 | $204,749 | 121 days |
| Multi-Million Dollar Homes | 99 | $2,104,305 | 174 days |
| Newly Built Homes | 52 | $492,705 | 107 days |
| Homes with a Pool | 65 | $369,593 | 104 days |
| Reduced Price Homes | 123 | $206,931 | 73 days |
