Most popular
neighborhoods
neighborhoods
Avg. listing price
Week ending Jul 1
Week ending Jul 1
w-o-w
Movers & Shakers
Avg. listing price
Week ending Jul 1
Week ending Jul 1
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Detroit Real Estate Overview
Today, July 10, 2009
Market View for Detroit
Avg. Listing Price
$70,446
Wk ending Jul 01
+$968
+1.4%
w-o-w
+1.4%
w-o-w
Median Sales Price
$9,725
Apr '09 - Jun '09
-$9,275
-48.8%
y-o-y
-48.8%
y-o-y
w-o-w
w-o-w
Detroit Summary
Average price per square foot for Detroit MI was $24, a decrease of 33.3% compared to the same period last year. The median sales price for homes in Detroit MI for Apr 09 to Jun 09 was $9,725 based on 2,622 home sales. Compared to the same period one year ago, the median home sales price decreased 48.8%, or $9,275, and the number of home sales decreased 36.6%.
There are currently 3,214 resale and new homes in Detroit on Trulia, including 6 open houses, as well as 5,201 homes in the pre-foreclosure, auction, or bank-owned stages of the foreclosure process. The average listing price for homes for sale in Detroit MI was $70,446 for the week ending Jul 01, which represents an increase of 1.4%, or $968, compared to the prior week. Popular neighborhoods in Detroit include Indian Village and Morningside, with average listing prices of $296,716 and $55,288.
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Detroit real estate—use Trulia to find real estate in Detroit as well real estate in other cities in Michigan. Trulia provides comprehensive real estate guides with up-to-date information about housing prices, latest Detroit real estate trends, market activity, and neighborhood information. Before buying a house in Detroit, research real estate on Trulia. Understanding the Detroit real estate market is your first step to buying a home in Detroit, Michigan. Our real estate guide gives your a valuable overview of the Detroit real estate market—find Detroit properties, sales statistics, real estate price trends, real estate market activity, comparisons of Detroit schools or Michigan schools, and general demographic information for Detroit, MI. Trulia's real estate guide combines a Detroit map with a detailed list of Detroit neighborhoods, ZIP codes, and nearby cities to help kick-start your search for a home in Detroit.
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