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Detroit Market Report

$165,487

AVERAGE PRICE OF 1,656 HOMES

$94,069

AVERAGE PRICE OF 20 DISTRESSED HOMES

$1,670,273

AVERAGE PRICE OF 23 MULTI-MILLION DOLLAR HOMES

$559,984

AVERAGE PRICE OF 61 NEWLY BUILT HOMES

$260,755

AVERAGE PRICE OF 100 HOMES WITH A POOL

$162,402

AVERAGE PRICE OF 35 REDUCED PRICE HOMES

Average Home

Average Price $165,487
Avg Bedrooms 3.03 beds
Avg Bathrooms 1.44 baths

Average Price by Bedrooms

1 bedroom $206,969
2 bedrooms $227,680
3 bedrooms $121,099
4 bedrooms $153,606
5 bedrooms $277,730
Detroit Home Price Trends
  4/2021 3/2021 2/2021 1/2021 12/2020
Total Listings 1,655 1,630 1,672 1,658 1,879
Average Price $163,297 $159,974 $158,280 $158,403 $156,484
Avg Price Change +2.08% +1.07% -0.08% +1.23% -0.47%
Median Price $79,900 $77,166 $76,770 $78,081 $77,524
Med Price Change +3.54% +0.52% -1.71% +0.72% +2.12%
Avg Bedrooms 3.01 beds 3.01 beds 3.03 beds 3.05 beds 3.06 beds
Avg Bathrooms 1.43 baths 1.43 baths 1.43 baths 1.44 baths 1.44 baths
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 1,656 $165,487 104 days
Distressed Homes 20 $94,069 193 days
Multi-Million Dollar Homes 23 $1,670,273 243 days
Newly Built Homes 61 $559,984 323 days
Homes with a Pool 100 $260,755 125 days
Reduced Price Homes 35 $162,402 51 days
Keller Williams Legacy | The OZ Team
Issam And Reem Ozeir
22731 West Village Drive
Dearborn, MI 48124
734-644-6660
313-423-0143

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