Call Us! 888-766-8686

Choose Language

English

Español

简体中文

Movoto Real Estate » Michigan » Wayne County » Detroit Homes for Sale » Detroit Stats and Trends

Chart Filters

Trend Metrics

	Median List Price
	Median $/sqft
	Inventory
	Median DOM

	Median Size
	Median $/Lot
	% Distressed
	New Listings
	Sold/Expired
	Price Reductions

More Metrics

Time Period

	6 Month
	1 Year
	2 Years
	5 Years

Compare Nearby Cities

Home Type

Detroit Real Estate Trends & Statistics

Detroit Median List Price

$14,900

Share Download Embed

Detroit Market Snapshot

Share Download Embed

	Today	1 Month Ago		1 Year Ago
Total Inventory	1,742	1,837	5%	3,188	45%
Median List Price	$14,900	$14,000	6%	$12,000	24%
% Distressed Movoto defines distressed properties as any property that has an agent note in the MLS that defines the property as "Bank Owned", "In Foreclosure", "Short Sale" (where the owner is trying to sell at a price below the mortgage balance to avoid foreclosure) or "REO" (a term used to indicate the property is bank owned).	13%	12%		16%
Median DOM	64	66	3%	106	40%
Median House Size	1,068	1,056	1%	1,100	3%
Median $/Sqft	$13/sqft	$13/sqft		$12/sqft	8%

	Today	1 Month Ago		1 Year Ago
Total Inventory	1,679	1,760	5%	3,065	45%
Median List Price	$13,900	$13,500	3%	$12,000	16%
% Distressed Movoto defines distressed properties as any property that has an agent note in the MLS that defines the property as "Bank Owned", "In Foreclosure", "Short Sale" (where the owner is trying to sell at a price below the mortgage balance to avoid foreclosure) or "REO" (a term used to indicate the property is bank owned).	13%	13%		17%
Median DOM	64	67	4%	106	40%
Median House Size	1,056	1,049	1%	1,100	4%
Median $/Sqft	$13/sqft	$12/sqft	8%	$11/sqft	18%

	Today	1 Month Ago		1 Year Ago
Total Inventory	63	77	18%	123	49%
Median List Price	$125,000	$104,900	19%	$39,895	213%
% Distressed Movoto defines distressed properties as any property that has an agent note in the MLS that defines the property as "Bank Owned", "In Foreclosure", "Short Sale" (where the owner is trying to sell at a price below the mortgage balance to avoid foreclosure) or "REO" (a term used to indicate the property is bank owned).	3%	3%		2%
Median DOM	47	57	18%	115	59%
Median House Size	1,210	1,201	1%	1,201	1%
Median $/Sqft	$81/sqft	$76/sqft	7%	$56/sqft	45%

Detroit Market Data

Share Download Embed

	10/12	11/12	12/12	1/13	2/13	3/13	4/13
Price Reductions	451	459	402	488	371	410	421
New Listings	950	932	859	928	842	908	897
Sold/Expired	430	268	630	982	511	326	330

	10/12	11/12	12/12	1/13	2/13	3/13	4/13
Price Reductions	440	444	396	476	352	395	410
New Listings	913	889	833	875	783	872	847
Sold/Expired	410	259	622	953	496	310	317

	10/12	11/12	12/12	1/13	2/13	3/13	4/13
Price Reductions	11	15	6	12	19	15	11
New Listings	37	43	26	53	59	36	50
Sold/Expired	20	9	8	29	15	16	13

Detroit, Michigan real estate market statistics are calculated by Movoto every day from various sources so that you can stay up-to-date with trends in the Detroit homes for sale market. Movoto displays information on foreclosures, short-sales, and REO (real estate owned) properties in both charts and graphs so that you can see the percentage of distressed listings in Detroit. Movoto is your comprehensive source for Detroit property information. We try to display data that is as accurate as possible, but we cannot guarantee the accuracy of our statistics. The data on this page is for informational purposes only.

Detroit, MI Market Overview

Inventory: 1,742 Recently Sold: 330 New Listings: 897 Distressed: 13

Detroit's home resale inventories decreased slightly, with a 5 percent decrease since April 2013. Distressed properties such as foreclosures and short sales increased as a percentage of the total market in May. The median listing price in Detroit went up from April to May. There were a total of 42 price increases and 421 price decreases.

Updated: 05/01/2013

Change City

Nearby Homes for Sale

3560 Guilford, Detroit, MI