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 Feb - May '15 y-o-y 3 months prior 1 year prior 5 years prior
1 bedroom - - - - -
2 bedrooms - - - - -
3 bedrooms - - - - -
4 bedrooms - - - - -
All properties $39,000 +4.0% $40,987 $37,500 $35,000
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Summary for Detroit


The median sales price for homes in Detroit MI for Feb 15 to May 15 was $39,000. This represents a decline of 4.8%, or $1,987, compared to the prior quarter and an increase of 4% compared to the prior year. Sales prices have appreciated 11.4% over the last 5 years in Detroit. The average listing price for Detroit homes for sale on Trulia was $48,805 for the week ending May 27, which represents an increase of 2%, or $936, compared to the prior week and a decline of 3.3%, or $1,680, compared to the week ending May 06. Average price per square foot for Detroit MI was $38, an increase of 5.6% compared to the same period last year. Popular neighborhoods in Detroit include Morningside, Grandmont-Rosedale, Rosedale Park, North Rosedale Park, Warrendale, and Joseph Barry Subdivision.

Average Listing Price in Detroit

 

Detroit average property price
Detroit – number of properties
No. Bedrooms Week ending
May 27
w-o-w Week ending
May 20
Week ending
May 13
Week ending
May 6
1 bedroom $116,980 +9.9% $106,474 $132,096 $129,255
2 bedrooms $48,321 -5.7% $51,237 $56,883 $64,067
3 bedrooms $33,793 -0.6% $34,000 $33,534 $34,415
4 bedrooms $68,723 -1.1% $69,500 $66,900 $66,131
All properties $48,805 +2.0% $47,869 $47,551 $50,485
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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 Feb - May '15 y-o-y 3 months prior 1 year prior 5 years prior
1 bedroom - - - - -
2 bedrooms - - - - -
3 bedrooms - - - - -
4 bedrooms - - - - -
All properties $38 +5.6% $37 $36 $34
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Popular Neighborhoods in Detroit


Neighborhoods Week ending
May 27
w-o-w Week ending
May 20
Week ending
May 13
Morningside 1 +5 6 2
Grandmont-Rosedale 2 -1 1 1
Rosedale Park 3 +1 4 5
North Rosedale Park 4 -2 2 4
Warrendale 5 +2 7 6
Joseph Barry Subdivision 6 +15 21 20
Stats & Trends
Homes for Sale in Detroit
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