How much do homes in Detroit, MI cost?

Median List Price

$56,957

Based on all homes listed in the last 12 months.

Difference Since August 2019

+$10,736(+23.2%)

Key Takeaway

The list price of homes in Detroit has increased by 23.2% since last year.

Housing Market Conditions

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Median List Price By Bedroom Count

# BEDSAug 2019Aug 2020%
1 $175K$189.8K+8.5%
2 $36.9K$45K+21.8%
3 $44.4K$49.9K+12.2%
4 $70K$93.2K+33.2%
5+ $149.9K$161.4K+7.7%

Median List Price Compared To Nearby Cities

Royal Oak Charter Township
+39.3%
Highland Park
+28.3%
Detroit
+23.2%

How many homes are available in Detroit, MI?

Number of Homes For Sale

Jul 2020Aug 2020%
2,3102,277-1.4%

Homes For Sale By Bedroom Count

# BEDSJul 2020Aug 2020%
1 9298+6.5%
2 367385+4.9%
3 1,3841,332-3.8%
4 331308-6.9%
5+ 136154+13.2%

Asking Price vs. Sold Price

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Average Listing Age

Aug 2019Aug 2020%
147 Days122 Days-16.9%

Breakdown of Home Sale Times

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