Detroit Real Estate Market
The median sale price for homes in Detroit over the last 12 months is $67,084.
The median mortgage debt is $66,407.
The price per square foot for listings in this area is $17.
The median sale price in February for single family homes is $53,773. The sale prices increased by 12.02% from the previous month.
The number of active listings in Detroit dropped by 6% from the previous month.
The median number of days active properties have been listed is 69. This is significantly shorter than the national average.
The number of sales in February dropped by 65.5% from the previous month.
Detroit has a high % of unoccupied properties. It is 7.92% more than the national average. This can drive sales prices down.
The percent of owner occupied properties in Detroit is 21.16% below the national average.
The percent of rental properties in Detroit is 16.04% above the national average which is typical for urban areas.
Neighborhood and valuation information provided by Onboard Informatics ©2012 Onboard informatics. Information deemed reliable but not guaranteed.
