Detroit Real Estate Overview

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Market View for Detroit

Average Listing Price

  • $54,893
  • for week ending Feb 18
  • +$2,152
  • +4.1%
  • w-o-w

Median Sales Price

  • $40,000
  • Nov '14 - Feb '15
  • +$2,000
  • +5.3%
  • y-o-y

Home Standings

Market Trends for Detroit
Average Listing Price $54,893 +4.1% w-o-w
Median Sales Price $40,000 +5.3% y-o-y
Average Price/sqft $36 -2.7% y-o-y
Number of Sales 190 -31.9 % y-o-y
More Detroit Market Trends
Home Prices for Detroit
Most popular neighborhoods Avg. listing Price
Week ending Feb 18 		w-o-w
Bagley $44,153 +5.2%
Morningside $36,612 +3.0%
North Rosedale Park $85,349 -0.3%
Grandmont-Rosedale $30,835 +2.5%
Mexicantown - Southwest Detroit $82,800 +17.2%
Movers & Shakers Avg. listing price
Week ending Feb 18 		w-o-w
Virginia Park $117,000 +43.9%
Briggs $40,000 -43.5%
Barton-McFarland $44,158 -34.9%
Marina District $77,950 -33.3%
Detroit Golf $242,333 +24.3%
View Detroit Home Prices Map

Summary for Detroit

Average price per square foot for Detroit MI was $36, an increase of 2.9% compared to the same period last year. The median sales price for homes in Detroit MI for Nov 14 to Feb 15 was $40,000 based on 190 home sales. Compared to the same period one year ago, the median home sales price increased 5.3%, or $2,000, and the number of home sales decreased 31.9%. There are currently 1,473 resale and new homes in Detroit on Trulia, including 2,179 homes in the pre-foreclosure, auction, or bank-owned stages of the foreclosure process. The average listing price for homes for sale in Detroit MI was $54,893 for the week ending Feb 18, which represents an increase of 4.1%, or $2,152, compared to the prior week. Popular neighborhoods in Detroit include Bagley and Morningside, with average listing prices of $44,153 and $36,612.

Schools in Detroit
District Type Grades Schools Students
Detroit Public Schools Public K - 12 189 97,224
University Preparatory Academy (psad) Public K - 12 4 —
School Name School Type Grades Parent Rating
Clemente Roberto Academy Public PK - 5
Detroit Waldorf School Private PK - 8
Edison Elementary School Public K - 5
View all Detroit Schools
Community Info for Detroit
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Discussions in Detroit, MI

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Stats & Trends
Homes for Sale in Detroit
View all Detroit Homes for Sale