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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

$205,916

AVERAGE PRICE OF 5,206 HOMES

$211,682

AVERAGE PRICE OF 4,775 DISTRESSED HOMES

$2,246,097

AVERAGE PRICE OF 118 MULTI-MILLION DOLLAR HOMES

$506,002

AVERAGE PRICE OF 48 NEWLY BUILT HOMES

$370,757

AVERAGE PRICE OF 66 HOMES WITH A POOL

$166,770

AVERAGE PRICE OF 202 REDUCED PRICE HOMES

Average Home

Average Price $205,916
Avg Bedrooms 2.96 beds
Avg Bathrooms 1.65 baths

Average Price by Bedrooms

1 bedroom $197,890
2 bedrooms $141,375
3 bedrooms $124,768
4 bedrooms $161,734
5 bedrooms $250,934
Detroit Home Price Trends
  11/2025 10/2025 9/2025 8/2025 7/2025
Total Listings 5,241 5,216 6,588 7,244 5,897
Average Price $207,444 $204,071 $199,739 $191,651 $196,181
Avg Price Change +1.65% +2.17% +4.22% -2.36% -1.62%
Median Price $115,000 $114,920 $117,087 $119,000 $118,830
Med Price Change +0.07% -1.89% -1.63% +0.14% -0.11%
Avg Bedrooms 2.94 beds 2.88 beds 2.95 beds 2.96 beds 2.92 beds
Avg Bathrooms 1.65 baths 1.66 baths 1.69 baths 1.67 baths 1.65 baths
Total Homes Average Price Avg Days on Site
All Homes 5,206 $205,916 136 days
Distressed Homes 4,775 $211,682 138 days
Multi-Million Dollar Homes 118 $2,246,097 198 days
Newly Built Homes 48 $506,002 125 days
Homes with a Pool 66 $370,757 103 days
Reduced Price Homes 202 $166,770 73 days
Bellabay Realty Tri-Counties
37361 Eight Mile Rd
Livonia, MI 48152
248-274-6614

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