Brokers — List your Company Here
Featured local agent — Detroit, MI
Sarah Mitchell
Compass Real Estate · Detroit, MI
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
This spot is open. Be the only brokerage featured on this page — one slot, no auction.
Claim this spot* Example only — dummy agent for illustration. Your logo, name, tagline, link, and lead routing replace this content.
Detroit, MI Housing Market & Real Estate
Housing market overview · Updated monthly ·
$95,000median sale price
How is the Detroit, MI housing market right now?
The median home sale price in Detroit, MI is $95,000, down 0.8% year-over-year. Homes sell in an average of 54 days with 2,828 active listings. The market is currently a buyer's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Detroit a buyer's or seller's market?
Detroit, MI is currently a buyer's market, based on 6.9 months of supply and homes selling in about 54 days. How we determine this →
Homes sold
407
Last 12 weeks
Days on market
54
Average pace
Active listings
2,828
6.9 months supply
Sale-to-list
94.5%
Below asking
What does the Detroit housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $95,000 |
| Median list price | $119,000 |
| Year-over-year price change | -0.8% |
| Average days on market | 54 days |
| Active inventory | 2,828 listings |
| Months of supply | 6.9 months |
| Sale-to-list price ratio | 94.5% |
| Median price per sq ft | $73/sq ft |
| Homes sold (latest month) | 407 |
| New listings (latest month) | 872 |
| Listings with a price cut | 26.2% |
| Market condition | Buyer's market |
Source: Redfin · Updated monthly
How much do homes cost in Detroit by property type?
How the Detroit, MI market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $94,700 | $74/sq ft | 340 | 55 days |
Source: Redfin · Updated monthly
The Detroit housing market is currently classified as a buyer's market with a median sale price of $95,000. Prices have fallen 0.8% compared to last year, with homes spending an average of 54 days on market, indicating 6.9 months of inventory.This inventory level gives buyers significantly more negotiating power, allowing time to inspect properties thoroughly and potentially negotiate better terms.The price-to-income ratio of 2.0x provides context for how home values compare to local earning capacity.
Homes for sale in Detroit
There are currently 2,828 homes listed for sale in Detroit, Michigan. The median listing price is $119K.
Active listings
2,828
Homes on market
Median list price
$119K
Avg. days on market
54
Days until sale
New this week
872
Newly listed
Who lives in Detroit?
Population
636,644
Median income
$39,575/yr
Median age
35.1 years
Owner-occupied
49.7%
College grads
17.6%
Avg commute
25.4 min
Source: U.S. Census Bureau ACS
What are homes worth in Detroit?
Zillow home value
$77,245
Zillow rent index
$1,356/mo
Price-to-rent ratio
4.7x
Price-to-income
2.0x
Source: Zillow Research
What is it like to live in Detroit?
Detroit is a community of approximately 637K residents with a median age of 35.1 years.The median household income is $39,575, which represents a working-class community with solid middle-income opportunities. 17.6% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 49.7%, showing a blend of owner and renter-occupied properties. The average commute time is 25.4 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Detroit offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve 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.
Which cities are near Detroit, MI?
Want a head-to-head view? Compare Detroit side-by-side with any other U.S. city using our market-comparison tool.
Is Detroit a good real estate investment market?
For investors evaluating Detroit, the price-to-rent ratio of 4.7x suggests potential rental yield opportunity, making the market attractive for income-focused investors. The market has softened 0.8% year-over-year, potentially creating entry opportunities for strategic buyers.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Detroit's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Detroit's median home price.
Frequently asked questions
What is the average home price in Detroit?
The median home sale price in Detroit is $95,000, down 0.8% from last year.
How long do homes stay on market in Detroit?
Homes typically spend 54 days on market before going under contract.
What is the median income in Detroit?
The median household income is $39,575 per year.
Is Detroit a buyer's or seller's market?
With 6.9 months of supply, Detroit is currently a buyer's market.
What is the Zillow home value estimate for Detroit?
The Zillow Home Value Index (ZHVI) for Detroit is $77,245, representing the typical home value in the area.
How much does a single-family home cost in Detroit?
The median single-family home price in Detroit, MI is $94,700 (about $74 per square foot).
Be the brokerage on this page
1 slot per pageGet featured on Detroit, MI
Your logo, brokerage name, and direct link to your site — featured at the top of this page in front of every visitor researching this whole city. One brokerage, no rotation, no bidding war.
- Goes live in 24 hours
- Cancel anytime
- Do-follow backlink to your site
Get Detroit market alerts
Weekly updates on prices, inventory, and trends. Free forever.