The Detroit housing market is somewhat competitive. Homes in Detroit receive 2 offers on average and sell in around 43 days. The median sale price of a home in Detroit was $86K last month, up 14.7% since last year. The median sale price per square foot in Detroit is $74, up 15.6% since last year.
In April 2024, Detroit home prices were up 14.7% compared to last year, selling for a median price of $86K. On average, homes in Detroit sell after 43 days on the market compared to 43 days last year. There were 525 homes sold in April this year, up from 472 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$86,000
+14.7% YoY | Apr 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Apr 2024
Growth
% YoY
Detroit, MI
$86,000
+14.7%
United States
To compare other locations to the Detroit and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Detroit's median sale price is 80% lower than the national average. Overall cost of living in Detroit is 2% higher than the national average. Learn which home features in Detroit add value to a home.
How much is your home worth? Track your home’s value and compare it to nearby sales.
How hot is the Detroit housing market?
Detroit is somewhat competitive. Homes sell in 43 days.
0
100
43
Somewhat Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
Some homes get multiple offers.
The average homes sell for about 4% below list price and go pending in around 43 days.
Hot homes
can sell for around list price and go pending in around 15 days.
This data does not reflect actual moves. The latest migration analysis is based on a sample of about two
million Redfin.com users who searched for homes across more than 100 metro areas. To be included in this dataset, a Redfin.com user
must have viewed at least 10 homes in a three month period. This dataset excludes all rentals data.
Home offer insights for Detroit
Explore recent offers and recently sold homes in Detroit
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Detroit housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Detroit.
Risk Factor
Flood Factor - Moderate
21% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Detroit has a moderate risk of flooding. 38,865 properties in Detroit are likely to be
severely affected
by flooding over the next 30 years. This represents 21% of all properties in Detroit. Flood risk is increasing slower than the national average.
<1% of properties are at risk of wildfire over the next 30 years
Fire Factor
Detroit has a moderate risk of wildfire. There are 1,886 properties in Detroit that have some risk of being affected by wildfire over the next 30 years. This represents <1% of all properties in Detroit.