| No. Bedrooms | Aug - Oct '09 | y-o-y | 3 months prior | 1 year prior | 5 years prior |
|---|---|---|---|---|---|
| 1 bedroom | - | - | - | - | - |
| 2 bedrooms | - | - | - | - | - |
| 3 bedrooms | - | - | - | - | - |
| 4 bedrooms | - | - | - | - | - | All properties | $59,000 | -16.4% | $69,479 | $70,574 | $73,074 |
The median sales price for homes in Detroit MI for Aug 09 to Oct 09 was $59,000. This represents a decline of 15.1%, or $10,479, compared to the prior quarter and a decrease of 16.4% compared to the prior year. Sales prices have depreciated 19.3% over the last 5 years in Detroit.
The average listing price for Detroit homes for sale on Trulia was $64,747 for the week ending Nov 10, which represents a decline of 1%, or $678, compared to the prior week and a decline of 1.3%, or $839, compared to the week ending Oct 20. Average price per square foot for Detroit MI was $61, a decrease of 11.6% compared to the same period last year. Popular neighborhoods in Detroit include Indian Village, Morningside, Rosedale Park, Bagley, Palmer Woods, and Jefferson Chalmers.
| No. Bedrooms | Week ending Nov 10 | w-o-w | Week ending Nov 3 | Week ending Oct 27 | Week ending Oct 20 |
|---|---|---|---|---|---|
| 1 bedroom | $88,393 | -12.2% | $100,691 | $97,292 | $92,515 |
| 2 bedrooms | $78,864 | -2.3% | $80,682 | $82,089 | $80,605 |
| 3 bedrooms | $51,018 | +0.2% | $50,925 | $51,825 | $52,172 |
| 4 bedrooms | $75,414 | -4.5% | $79,003 | $79,279 | $78,630 | All properties | $64,747 | -1.0% | $65,425 | $66,126 | $65,586 |
| No. Bedrooms | Aug - Oct '09 | y-o-y | 3 months prior | 1 year prior | 5 years prior |
|---|---|---|---|---|---|
| 1 bedroom | - | - | - | - | - |
| 2 bedrooms | - | - | - | - | - |
| 3 bedrooms | - | - | - | - | - |
| 4 bedrooms | - | - | - | - | - | All properties | $61 | -11.6% | $68 | $69 | $74 |
| Neighborhoods | Week ending Nov 11 |
w-o-w | Week ending Nov 4 |
Week ending Oct 28 |
|---|---|---|---|---|
| Indian Village | 1 | — | 1 | 1 |
| Morningside | 2 | — | 2 | 2 |
| Rosedale Park | 3 | — | 3 | 12 |
| Bagley | 4 | +1 | 5 | 7 |
| Palmer Woods | 5 | +1 | 6 | 3 |
| Jefferson Chalmers | 6 | -2 | 4 | 22 |
Market Trends
Fair Housing and Equal Opportunity
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Average Listing Price for the most recent week available is based on daily list price data for resale and new homes on Trulia and is compared to the same period one week prior.
Volume for All Bedrooms may be higher than the total volume for 1-4 Bedrooms. All Bedrooms includes not only 1-4 Bedrooms but also 5+ Bedrooms and records where the number of bedrooms is unknown. |
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Average Sales Price is based on sales during the most recent 90-day period available and is updated each week to include recent transactions from public record data sources.
Number of Sales is a count of all known arms-length residential property sales over the prior 90-day period. Volume for All Bedrooms may be higher than the total volume for 1-4 Bedrooms. All Bedrooms includes not only 1-4 Bedrooms but also 5+ Bedrooms and records where the number of bedrooms is unknown. |
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Median Sales Price is the price at which one half of the homes sold above that amount and one half of the homes sold below that amount. Median Sales Price is based on sales during the most recent 90-day period available and is updated each week to include recent transactions from public record data sources.
Number of Sales is a count of all known arms-length residential property sales over the prior 90-day period. Volume for All Bedrooms may be higher than the total volume for 1-4 Bedrooms. All Bedrooms includes not only 1-4 Bedrooms but also 5+ Bedrooms and records where the number of bedrooms is unknown. |
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