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Detroit

Why you'd want to live in Detroit

Detroit, located in southeast Michigan on the Detroit River between Lake Huron and Lake Erie, is the largest city in the state and the tenth-largest in the country. It is the oldest major city west of the original colonies and the only city in the US that allows you to travel south into Canada. It began as a fur-trading town in the 1700s, Detroit took full advantage of its prime geographical location in the 1800s, becoming a major shipping and manufacturing center. With an influx of workers from Europe and the American South, including many African Americans, Detroit was an industrial juggernaut in the early 1900s. During the two World Wars, Detroit was a leading supplier to the military. The birthplace of the automobile and the home of the "Big 3" (General Motors, Ford and Chrysler), Detroit remains the nucleus of the industry despite competition from Japan and Europe. One of the largest manufacturing cities in the country, Detroit is a leader in steel, fabricated-metal, chemicals, paper products, food and beverages. The health industry is also among the city's leading employers.

Detroit Market Report

$198,904

AVERAGE PRICE OF 4,909 HOMES

$203,931

AVERAGE PRICE OF 4,472 DISTRESSED HOMES

$2,083,258

AVERAGE PRICE OF 97 MULTI-MILLION DOLLAR HOMES

$492,801

AVERAGE PRICE OF 52 NEWLY BUILT HOMES

$369,593

AVERAGE PRICE OF 65 HOMES WITH A POOL

$211,758

AVERAGE PRICE OF 116 REDUCED PRICE HOMES

Average Home

Average Price $198,904
Avg Bedrooms 2.86 beds
Avg Bathrooms 1.63 baths

Average Price by Bedrooms

1 bedroom $187,554
2 bedrooms $151,021
3 bedrooms $128,547
4 bedrooms $170,314
5 bedrooms $229,281
Detroit Home Price Trends
  5/2025 4/2025 3/2025 2/2025 1/2025
Total Listings 4,587 4,345 4,243 4,191 4,223
Average Price $206,580 $209,249 $206,143 $206,834 $202,248
Avg Price Change -1.29% +1.51% -0.34% +2.27% -0.74%
Median Price $117,446 $115,153 $114,925 $113,054 $110,181
Med Price Change +1.99% +0.20% +1.65% +2.61% -1.09%
Avg Bedrooms 2.84 beds 2.8 beds 2.78 beds 2.75 beds 2.6 beds
Avg Bathrooms 1.62 baths 1.59 baths 1.55 baths 1.52 baths 1.54 baths
Total Homes Average Price Avg Days on Site
All Homes 4,909 $198,904 118 days
Distressed Homes 4,472 $203,931 120 days
Multi-Million Dollar Homes 97 $2,083,258 175 days
Newly Built Homes 52 $492,801 105 days
Homes with a Pool 65 $369,593 102 days
Reduced Price Homes 116 $211,758 64 days
Bellabay Realty Tri-Counties
37361 Eight Mile Rd
Livonia, MI 48152
248-274-6614

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