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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

$152,381

AVERAGE PRICE OF 2,759 HOMES

$99,242

AVERAGE PRICE OF 26 DISTRESSED HOMES

$1,597,162

AVERAGE PRICE OF 35 MULTI-MILLION DOLLAR HOMES

$654,177

AVERAGE PRICE OF 62 NEWLY BUILT HOMES

$276,247

AVERAGE PRICE OF 92 HOMES WITH A POOL

$152,984

AVERAGE PRICE OF 119 REDUCED PRICE HOMES

Average Home

Average Price $152,381
Avg Bedrooms 3.04 beds
Avg Bathrooms 1.38 baths

Average Price by Bedrooms

1 bedroom $214,746
2 bedrooms $165,925
3 bedrooms $122,788
4 bedrooms $171,521
5 bedrooms $203,108
Detroit Home Price Trends
  7/2022 6/2022 5/2022 4/2022 3/2022
Total Listings 2,614 n/a n/a n/a 2,199
Average Price $153,565 n/a n/a n/a $151,014
Avg Price Change n/a n/a n/a n/a -0.24%
Median Price $84,739 n/a n/a n/a $79,911
Med Price Change n/a n/a n/a n/a +0.54%
Avg Bedrooms 3.05 beds n/a n/a n/a 3.03 beds
Avg Bathrooms 1.39 baths n/a n/a n/a 1.38 baths
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 2,759 $152,381 92 days
Distressed Homes 26 $99,242 108 days
Multi-Million Dollar Homes 35 $1,597,162 315 days
Newly Built Homes 62 $654,177 309 days
Homes with a Pool 92 $276,247 122 days
Reduced Price Homes 119 $152,984 53 days
Bellabay Realty Tri-Counties
37361 Eight Mile Rd
Livonia, MI 48152
248-274-6614

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