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.
Median Listing Price
Median Days on Market
(foreclosures and short sales)
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.
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.