Detroit Market Trends


Median Sales Price in Detroit

 

1 yr 5 yr Max
Detroit median sales prices
Number of sold homes in Detroit
No. Bedrooms May - Aug '14 y-o-y 3 months prior 1 year prior 5 years prior
1 bedroom - - - - -
2 bedrooms - - - - -
3 bedrooms - - - - -
4 bedrooms - - - - -
All properties $40,000 +5.3% $36,300 $38,000 $38,000
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Summary for Detroit


The median sales price for homes in Detroit MI for May 14 to Aug 14 was $40,000. This represents an increase of 10.2%, or $3,700, compared to the prior quarter and an increase of 5.3% compared to the prior year. Sales prices have appreciated 5.3% over the last 5 years in Detroit. The average listing price for Detroit homes for sale on Trulia was $47,947 for the week ending Aug 20, which represents a decline of 4.4%, or $2,214, compared to the prior week and a decline of 6.2%, or $3,146, compared to the week ending Jul 30. Average price per square foot for Detroit MI was $42, an increase of 23.5% compared to the same period last year. Popular neighborhoods in Detroit include Indian Village, Grandmont-Rosedale, Morningside, Sherwood Park, North Rosedale Park, and Midtown.

Average Listing Price in Detroit

 

Detroit average property price
Detroit – number of properties
No. Bedrooms Week ending
Aug 20
w-o-w Week ending
Aug 13
Week ending
Aug 6
Week ending
Jul 30
1 bedroom $94,053 -4.0% $97,934 $98,192 $96,298
2 bedrooms $49,806 +4.1% $47,822 $47,265 $54,366
3 bedrooms $32,875 -7.3% $35,461 $34,461 $34,655
4 bedrooms $69,303 0.0% $69,283 $67,788 $73,322
All properties $47,947 -4.4% $50,161 $48,766 $51,093
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Average Price Per Sqft. for Homes in Detroit

 

1 yr 5 yr Max
Detroit average price per square foot
No. Bedrooms May - Aug '14 y-o-y 3 months prior 1 year prior 5 years prior
1 bedroom - - - - -
2 bedrooms - - - - -
3 bedrooms - - - - -
4 bedrooms - - - - -
All properties $42 +23.5% $33 $34 $45
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Popular Neighborhoods in Detroit


Neighborhoods Week ending
Aug 20
w-o-w Week ending
Aug 13
Week ending
Aug 6
Indian Village 1 +1 2 3
Grandmont-Rosedale 2 +1 3 13
Morningside 3 -2 1 1
Sherwood Park 4 +1 5 17
North Rosedale Park 5 +1 6 6
Midtown 6 +4 10 8
Stats & Trends
Homes for Sale in Detroit
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