$59,900 House For Sale
5 bed, 2.0 bath, 2,038 sqft
Based on three metrics—sale-to-list price ratio, the prevalence of price cuts on home listings, and time-on-market—the market temperature provides information on the current balance of bargaining power between buyers and sellers in this neighborhood relative to other neighborhoods in the same metropolitan area. A particular neighborhood may be identified as a good market for buyers in a metro market favorable to sellers overall. Learn more
The median home value in Detroit Shoreway is $59,100. Detroit Shoreway home values have gone up 12.4% over the past year and Zillow predicts they will rise 5.1% within the next year. The median list price per square foot in Detroit Shoreway is $94, which is higher than the Cleveland average of $44. The median price of homes currently listed in Detroit Shoreway is $169,900 while the median price of homes that sold is $130,000. The median rent price in Detroit Shoreway is $625, which is lower than the Cleveland median of $663.
Foreclosures will be a factor impacting home values in the next several years. In Detroit Shoreway 8.2 homes are foreclosed (per 10,000). This is lower than the Cleveland value of 15.1 and also greater than the national value of 5.0more
The Market Health Index illustrates the current health of a region’s housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
Homes foreclosed (per 10,000)