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 Apr - Jul '14 y-o-y 3 months prior 1 year prior 5 years prior
1 bedroom - - - - -
2 bedrooms - - - - -
3 bedrooms - - - - -
4 bedrooms - - - - -
All properties $39,944 +5.1% $36,953 $38,000 $40,000
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Summary for Detroit


The median sales price for homes in Detroit MI for Apr 14 to Jul 14 was $39,944. This represents an increase of 8.1%, or $2,991, compared to the prior quarter and an increase of 5.1% compared to the prior year. Sales prices have depreciated 0.1% over the last 5 years in Detroit. The average listing price for Detroit homes for sale on Trulia was $50,996 for the week ending Jul 02, which represents a decline of 1.1%, or $567, compared to the prior week and a decline of 2.2%, or $1,155, compared to the week ending Jun 11. Average price per square foot for Detroit MI was $36, an increase of 2.9% compared to the same period last year. Popular neighborhoods in Detroit include Grandmont-Rosedale, Indian Village, Detroit Golf, Bagley, Morningside, and Rosedale Park.

Average Listing Price in Detroit

 

Detroit average property price
Detroit – number of properties
No. Bedrooms Week ending
Jul 2
w-o-w Week ending
Jun 25
Week ending
Jun 18
Week ending
Jun 11
1 bedroom $110,645 +2.6% $107,882 $109,133 $103,033
2 bedrooms $52,834 +3.6% $50,999 $46,157 $46,254
3 bedrooms $33,728 -2.3% $34,518 $33,891 $33,047
4 bedrooms $70,624 +1.9% $69,277 $70,814 $63,598
All properties $50,996 -1.1% $51,563 $50,331 $52,151
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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 Apr - Jul '14 y-o-y 3 months prior 1 year prior 5 years prior
1 bedroom - - - - -
2 bedrooms - - - - -
3 bedrooms - - - - -
4 bedrooms - - - - -
All properties $36 +2.9% $35 $35 $47
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Popular Neighborhoods in Detroit


Neighborhoods Week ending
Jul 2
w-o-w Week ending
Jun 25
Week ending
Jun 18
Grandmont-Rosedale 1 +8 9 4
Indian Village 2 -1 1 3
Detroit Golf 3 +8 11 11
Bagley 4 -2 2 1
Morningside 5 -2 3 6
Rosedale Park 6 +7 13 5
Stats & Trends
Homes for Sale in Detroit
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