$30,000
18293 Codding St
Detroit, MI
3 bd1 ba962 sqft
House6,970 sqft lot
More about this property
Detroit, MI Housing Market & Real Estate
Buyer's market-10.6% YoY
Housing market overview · Updated weekly ·
Quick answer: The median home sale price in Detroit, MI is $78,000, down 10.6% year-over-year. Homes sell in an average of 68 days with 2,657 active listings. The market is currently a buyer's market.
$78,000median sale price
Is Detroit a buyer's or seller's market?
Buyer's market6.4 months of supply68 avg. days on market
Detroit, MI is currently a buyer's market, based on 6.4 months of supply and homes selling in about 68 days. How we determine this →
Homes sold
418
Last 12 weeks
Days on market
68
Average pace
Active listings
2,657
6.4 months supply
Sale-to-list
95.0%
Below asking
Detroit, MI market data
| Metric | Value |
|---|---|
| Median sale price | $78,000 |
| Median list price | $109,900 |
| Year-over-year price change | -10.6% |
| Average days on market | 68 days |
| Active inventory | 2,657 listings |
| Months of supply | 6.4 months |
| Sale-to-list price ratio | 95.0% |
| Market condition | Buyer's market |
Source: Redfin · Updated weekly
The Detroit housing market is currently classified as a buyer's market with a median sale price of $78,000. Prices have fallen 10.6% compared to last year, with homes spending an average of 68 days on market, indicating 6.4 months of inventory.This inventory level gives buyers significantly more negotiating power, allowing time to inspect properties thoroughly and potentially negotiate better terms.
Market trends
Homes for sale in Detroit
There are currently 2,657 homes listed for sale in Detroit, Michigan. The median listing price is $110K. Featured listings range from $30,000 to $650,000.
$35,000
12201 Stout St
Detroit, MI
3 bd1 ba842 sqft
House5,227 sqft lot
More about this property
$35,000
12096 Meyers Rd
Detroit, MI
3 bd1 ba1,248 sqft
House4,792 sqft lot
More about this property
$39,900
9244 Heyden St
Detroit, MI
2 bd1 ba801 sqft
House5,227 sqft lot
More about this property
$65,000
12400 Lansdowne St
Detroit, MI
3 bd1 ba728 sqft
House5,663 sqft lot
More about this property
$84,900
9289 Bedford St
Detroit, MI
3 bd1 ba1,287 sqft
House4,792 sqft lot
More about this property
$104,900
20035 Santa Barbara Dr
Detroit, MI
2 bd1 ba737 sqft
House9,583 sqft lot
More about this property
$144,900
9390 Quincy St
Detroit, MI
3 bd2 ba1,076 sqft
House3,049 sqft lot
More about this property
$169,900
19189 Berden St
Detroit, MI
3 bd1 ba1,100 sqft
House6,534 sqft lot
More about this property
$179,999
14433 Mansfield St
Detroit, MI
4 bd2 ba2,678 sqft
Multi-family5,227 sqft lot
More about this property
$250,000
5116 Harold St
Detroit, MI
7 bd2 ba1,272 sqft
House3,485 sqft lot
More about this property
$650,000
4234 W Davison
Detroit, MI
10 bd10 ba7,676 sqft
Multi-family7,841 sqft lot
More about this property
Looking to buy in Detroit?
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Active listings
2,657
Homes on market
Median list price
$110K
Avg. days on market
68
Days until sale
New this week
772
Newly listed
Price drops:21.1%of listings
Sale-to-list:95.0%
Top public schools in Detroit
50 schools tracked · 38,848 students
The largest public schools serving Detroit, MI by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Cass Technical High School
Grades 9-12 · 2,485 students
Western International High School
Grades 9-12 · 1,931 students
Renaissance High School
Grades 9-12 · 1,171 students
Munger ElementaryMiddle School
Grades PK-8 · 933 students
Detroit Service Learning Academy Campus
Grades PK-8 · 919 students
Earhart ElementaryMiddle School
Grades PK-8 · 899 students
University Preparatory Art Design MiddleHigh
Grades 6-12 · 882 students
Mackenzie ElementaryMiddle School
Grades PK-8 · 879 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Explore nearby cities in MI
Frequently asked questions
What is the average home price in Detroit?
The median home sale price in Detroit is $78,000, down 10.6% from last year.
How long do homes stay on market in Detroit?
Homes typically spend 68 days on market before going under contract.
Is Detroit a buyer's or seller's market?
With 6.4 months of supply, Detroit is currently a buyer's market.
How many homes are for sale in Detroit?
There are currently 2657 homes listed for sale in Detroit, MI.
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