Detroit, MI Real Estate & Property Data
Last Updated: April 27, 2024
Accurate and comprehensive real estate data is critical for insight into Detroit, MI. ATTOM’s Detroit real estate data is updated daily, and current market trends show that in Detroit, MI a total of 9,697 residential properties have sold over the past year. With a median home price of $109,500 in Detroit and a total of 64 foreclosures. Get detailed property data for Detroit, MI instantly. ATTOM is your one-stop-shop for the Detroit property reports and real estate data you need in Detroit, MI.
Total Residential Properties 218,328
Total Commercial Properties 32,836
Avg. Home Age (Single Family Home) 86 Years
Avg. Square Feet (Single Family Home) 1,268
Total 2024 Residential Sales (year-to-date) 1,785
% of Homes Seriously Underwater (Q2 2024) 1.81%
Total 2023 Residential Sales 8,743
% of Equity Rich Homes (Q2 2024) 9.45%
Effective 2023 Property Tax 1.16%
Total Foreclosure Filings (year-to-date) 125
Detroit, MI Real Estate Overview
There were 9,697 residential properties sold in the past year in Detroit, MI. The median home value in Detroit, MI is $72,191. There are a total of 218,328 residential properties in the Detroit.
Median Sales Price i
$109,500
(Feb 2024)
-0.5%
year-over-year
y-o-y
- February '24 Feb '24 $109,500
- January '24 Jan '24 $113,000
- December '23 Dec '23 $117,000
- November '23 Nov '23 $98,000
- October '23 Oct '23 $110,000
- September '23 Sep '23 $118,000
- August '23 Aug '23 $110,000
- July '23 Jul '23 $125,000
- June '23 Jun '23 $113,500
- May '23 May '23 $115,000
- April '23 Apr '23 $100,000
- March '23 Mar '23 $103,950
Median Down Payment i
$7,985
(Feb 2024)
+12.5%
year-over-year
y-o-y
- February '24 Feb '24 $7,985
- January '24 Jan '24 $9,113
- December '23 Dec '23 $13,500
- November '23 Nov '23 $8,344
- October '23 Oct '23 $8,180
- September '23 Sep '23 $7,200
- August '23 Aug '23 $9,118
- July '23 Jul '23 $10,000
- June '23 Jun '23 $5,896
- May '23 May '23 $5,070
- April '23 Apr '23 $4,425
- March '23 Mar '23 $8,580
Number of Homes Sold i
800
(Feb 2024)
+36.5%
year-over-year
y-o-y
- February '24 Feb '24 800
- January '24 Jan '24 985
- December '23 Dec '23 455
- November '23 Nov '23 775
- October '23 Oct '23 626
- September '23 Sep '23 743
- August '23 Aug '23 842
- July '23 Jul '23 717
- June '23 Jun '23 847
- May '23 May '23 843
- April '23 Apr '23 700
- March '23 Mar '23 778
Number of Purchase Loans i
371
(Feb 2024)
+97.3%
year-over-year
y-o-y
- February '24 Feb '24 371
- January '24 Jan '24 361
- December '23 Dec '23 168
- November '23 Nov '23 271
- October '23 Oct '23 248
- September '23 Sep '23 304
- August '23 Aug '23 253
- July '23 Jul '23 255
- June '23 Jun '23 284
- May '23 May '23 273
- April '23 Apr '23 251
- March '23 Mar '23 263
Number of REFI Loans i
365
(Feb 2024)
+109.8%
year-over-year
y-o-y
- February '24 Feb '24 365
- January '24 Jan '24 294
- December '23 Dec '23 274
- November '23 Nov '23 395
- October '23 Oct '23 311
- September '23 Sep '23 293
- August '23 Aug '23 302
- July '23 Jul '23 256
- June '23 Jun '23 270
- May '23 May '23 267
- April '23 Apr '23 390
- March '23 Mar '23 304
Number of HELOC Loans i
36
(Feb 2024)
-18.2%
year-over-year
y-o-y
Detroit, MI Real Estate Market Overview
Last 30 days- ZipMedian Est. Value
- ZipMedian Est. Value
- ZipMedian Est. Value
- $246,250 $79.21/sqft
- $182,727 $81.76/sqft
- $56,179 $43.07/sqft
- $55,133 $49.99/sqft
- $83,355 $44.46/sqft
- $86,458 $50.09/sqft
- $146,975 $87.06/sqft
- $86,025 $64.56/sqft
- $64,878 $51.01/sqft
- $57,815 $41.73/sqft
- $48,958 $37.63/sqft
- $80,680 $46.66/sqft
- $105,890 $72.64/sqft
- $170,699 $101.69/sqft
- $54,500 $53.02/sqft
- $91,030 $79.75/sqft
- $129,794 $80.88/sqft
- $87,229 $71.3/sqft
- $75,403 $61.22/sqft
- $95,050 $54.17/sqft
- $68,185 $54.54/sqft
- $63,145 $63.23/sqft
- $56,073 $52.53/sqft
- $95,721 $78.98/sqft
- $72,191 $56.93/sqft
- $334,900
Detroit, MI Foreclosure Activity
There were a total of 64 Detroit, MI properties with a foreclosure filing in February 2024. Lenders started the foreclosure process on 64 Detroit, MI properties and repossessed 48 Detroit, MI properties through completed foreclosures (REOs) in February 2024.
Total Foreclosure Filings i
64
(Feb 2024)
-3%
year-over-year
y-o-y
- February '24 Feb '24 64
- January '24 Jan '24 61
- December '23 Dec '23 63
- November '23 Nov '23 89
- October '23 Oct '23 90
- September '23 Sep '23 83
- August '23 Aug '23 80
- July '23 Jul '23 71
- June '23 Jun '23 101
- May '23 May '23 63
- April '23 Apr '23 77
- March '23 Mar '23 82
Foreclosure Starts i
64
(Feb 2024)
-3%
year-over-year
y-o-y
- February '24 Feb '24 64
- January '24 Jan '24 61
- December '23 Dec '23 63
- November '23 Nov '23 89
- October '23 Oct '23 90
- September '23 Sep '23 83
- August '23 Aug '23 80
- July '23 Jul '23 71
- June '23 Jun '23 101
- May '23 May '23 63
- April '23 Apr '23 77
- March '23 Mar '23 82
Completed Foreclosures (REOs) i
48
(Feb 2024)
year-over-year
y-o-y
- February '24 Feb '24 48
- January '24 Jan '24 513
- December '23 Dec '23 36
- November '23 Nov '23 116
- October '23 Oct '23 25
- September '23 Sep '23 24
- August '23 Aug '23 26
- July '23 Jul '23 21
- June '23 Jun '23 29
- May '23 May '23 33
- April '23 Apr '23 10
- March '23 Mar '23 29
Nearby Cities
- 1. Highland Park
- 2. Hamtramck
- 3. Ferndale
- 4. Hazel Park
- 5. Pleasant Ridge
- 6. Oak Park
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