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 Sep - Dec '14 y-o-y 3 months prior 1 year prior 5 years prior
1 bedroom - - - - -
2 bedrooms - - - - -
3 bedrooms - - - - -
4 bedrooms - - - - -
All properties $39,750 -3.0% $37,500 $41,000 $35,900
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Summary for Detroit


The median sales price for homes in Detroit MI for Sep 14 to Dec 14 was $39,750. This represents an increase of 6%, or $2,250, compared to the prior quarter and a decrease of 3% compared to the prior year. Sales prices have appreciated 10.7% over the last 5 years in Detroit. The average listing price for Detroit homes for sale on Trulia was $49,110 for the week ending Dec 17, which represents an increase of 3.4%, or $1,613, compared to the prior week and an increase of 5.3%, or $2,488, compared to the week ending Nov 26. Average price per square foot for Detroit MI was $39, a decrease of 25% compared to the same period last year. Popular neighborhoods in Detroit include Morningside, Midtown, Bagley, Grandmont-Rosedale, Indian Village, and Palmer Woods.

Average Listing Price in Detroit

 

Detroit average property price
Detroit – number of properties
No. Bedrooms Week ending
Dec 17
w-o-w Week ending
Dec 10
Week ending
Dec 3
Week ending
Nov 26
1 bedroom $92,028 -8.1% $100,186 $84,436 $89,318
2 bedrooms $43,877 -16.4% $52,506 $48,133 $52,996
3 bedrooms $33,218 -0.6% $33,421 $33,707 $32,652
4 bedrooms $75,911 +3.1% $73,608 $81,029 $67,018
All properties $49,110 +3.4% $47,497 $48,112 $46,622
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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 Sep - Dec '14 y-o-y 3 months prior 1 year prior 5 years prior
1 bedroom - - - - -
2 bedrooms - - - - -
3 bedrooms - - - - -
4 bedrooms - - - - -
All properties $39 -25.0% $37 $52 $38
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Popular Neighborhoods in Detroit


Neighborhoods Week ending
Dec 17
w-o-w Week ending
Dec 10
Week ending
Dec 3
Morningside 1 +4 5 5
Midtown 2 +1 3 3
Bagley 3 -2 1 1
Grandmont-Rosedale 4 -2 2 2
Indian Village 5 -1 4 4
Palmer Woods 6 6 6
Stats & Trends
Homes for Sale in Detroit
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