The Far East Detroit housing market is somewhat competitive. The median sale price of a home in Far East Detroit was $56K last month, down 31.7% since last year. The median sale price per square foot in Far East Detroit is $55, up 223.5% since last year.
What is the housing market like in Far East Detroit today?
In October 2024, Far East Detroit home prices were down 31.7% compared to last year, selling for a median price of $56K. On average, homes in Far East Detroit sell after 38 days on the market compared to 57 days last year. There were 14 homes sold in October this year, up from 12 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$55,500
-31.7% YoY | Oct 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Oct 2024
Growth
% YoY
Far East Detroit, MI
$55,500
-31.7%
United States
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How hot is the Far East Detroit housing market?
Far East Detroit is somewhat competitive. Homes sell in 50 days.
0
100
42
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 9 months
Some homes get multiple offers.
The average homes sell for about 4% below list price and go pending in around 50 days.
Hot homes
can sell for around list price and go pending in around 17 days.
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 Far East Detroit housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Far East Detroit.
Flood Factor - Minor
25% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Far East Detroit has a minor risk of flooding. 1,077 properties in Far East Detroit are likely to be
severely affected
by flooding over the next 30 years. This represents 25% of all properties in Far East Detroit. Flood risk is increasing slower than the national average.
4% of properties are at risk of wildfire over the next 30 years
Fire Factor
Far East Detroit has a minor risk of wildfire. There are 453 properties in Far East Detroit that have some risk of being affected by wildfire over the next 30 years. This represents 4% of all properties in Far East Detroit.
100% of properties are at minor
risk of a severe wind event over the next 30 years
Wind Factor
Far East Detroit has a Minor Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Far East Detroit is most at risk from severe storms. 9,256 properties in Far East Detroit have some risk of being in a severe wind event within the next 30 years.
100% of properties are at moderate
risk of heat over the next 30 years
Heat Factor
Far East Detroit has a moderate risk from heat. This is due to
"feels like" temperatures
increasing, and because 100% of homes in Far East Detroit have a Moderate Heat Factor®.
Far East Detroit is expected to see a 128% increase in the number of days over 96ºF over the next 30 years. Far East Detroit is expected to experience 8