The Far East Detroit housing market is somewhat competitive. The median sale price of a home in Far East Detroit was $100K last month, up 17.6% since last year. The median sale price per square foot in Far East Detroit is $24, up 50.0% since last year.
What is the housing market like in Far East Detroit today?
In March 2024, Far East Detroit home prices were up 17.6% compared to last year, selling for a median price of $100K. On average, homes in Far East Detroit sell after 100 days on the market compared to 61 days last year. There were 13 homes sold in March this year, up from 7 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$100,000
+17.6% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
Far East Detroit, MI
$100,000
+17.6%
United States
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How hot is the Far East Detroit housing market?
Far East Detroit is somewhat competitive. Homes sell in 90 days.
0
100
32
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 6 months
Some homes get multiple offers.
The average homes sell for about 2% below list price and go pending in around 90 days.
Hot homes
can sell for around list price and go pending in around 30 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.
Risk Factor
Flood Factor - Moderate
26% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Far East Detroit has a moderate risk of flooding. 1,145 properties in Far East Detroit are likely to be
severely affected
by flooding over the next 30 years. This represents 26% of all properties in Far East 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
Far East Detroit has a minor risk of wildfire. There are 21 properties in Far East Detroit that have some risk of being affected by wildfire over the next 30 years. This represents <1% of all properties in Far East Detroit.
Far East Detroit has minimal risk of severe winds over the next 30 years
Wind Factor
Far East Detroit has a Minimal Wind Factor®, which means there is a very low likelihood that hurricane, tornado or severe storm winds will impact this area.
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