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Detroit Market Report

$151,230

AVERAGE PRICE OF 2,276 HOMES

$106,360

AVERAGE PRICE OF 23 DISTRESSED HOMES

$1,557,758

AVERAGE PRICE OF 24 MULTI-MILLION DOLLAR HOMES

$570,451

AVERAGE PRICE OF 64 NEWLY BUILT HOMES

$205,187

AVERAGE PRICE OF 107 HOMES WITH A POOL

$138,023

AVERAGE PRICE OF 58 REDUCED PRICE HOMES

Average Home

Average Price $151,230
Avg Bedrooms 3.01 beds
Avg Bathrooms 1.39 baths

Average Price by Bedrooms

1 bedroom $204,269
2 bedrooms $179,504
3 bedrooms $121,466
4 bedrooms $159,327
5 bedrooms $210,219
Detroit Home Price Trends
  8/2021 7/2021 6/2021 5/2021 4/2021
Total Listings 2,051 1,878 1,790 1,697 1,655
Average Price $158,452 $160,312 $164,777 $165,386 $163,297
Avg Price Change -1.17% -2.79% -0.37% +1.28% +2.08%
Median Price $84,917 $84,858 $84,982 $81,930 $79,900
Med Price Change +0.07% -0.15% +3.73% +2.54% +3.54%
Avg Bedrooms 3.02 beds 3.02 beds 2.98 beds 3.02 beds 3.01 beds
Avg Bathrooms 1.4 baths 1.41 baths 1.41 baths 1.42 baths 1.43 baths
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 2,276 $151,230 88 days
Distressed Homes 23 $106,360 190 days
Multi-Million Dollar Homes 24 $1,557,758 231 days
Newly Built Homes 64 $570,451 276 days
Homes with a Pool 107 $205,187 108 days
Reduced Price Homes 58 $138,023 54 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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