Detroit Metro Home Prices and Home Values

  • Zillow Home Value Index

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    Zillow Home Value Index
    Mid-point of Zestimate valuations for Detroit Metro. Half the Zestimates are above this number and half are below it.
  • Median list price ($)

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    Median list price ($)
    Mid-point of the list price for homes listed on Zillow in Detroit Metro, or the asking price.
  • Median sale price ($)

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    Median sale price ($)
    Mid-point of the price homes have sold for in Detroit Metro. Half the homes sold above this number and half sold below.
  • Zillow Rent Index

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    Zillow Rent Index
    Mid-point of Rent Zestimates—Zillow's estimated monthly rent price—for homes in Detroit Metro. Half the Rent Zestimates are above this number and half are below it.
  • Median rent list price ($)

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    Median rent list price ($)
    Mid-point of the rental price for homes listed for rent on Zillow in the Detroit Metro. Half the homes have rent prices above this number and half are below.
  • Total homes sold

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    Total homes sold
    Total number of homes sold in Detroit Metro during the prior 30 days.
  • Median value per sq. ft. ($)

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    Median value per sq. ft. ($)
    Mid-point of the value of all homes in Detroit Metro, per square foot. This is derived by taking the Zestimate for each home and dividing it by the homes square footage (e.g. a 1,000 sq ft home with a Zestimate of $200k has a $200 value/sq foot).
  • Median list price / sq. ft. ($)

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    Median list price / sq. ft. ($)
    Mid-point of Detroit Metros list prices when divided by the square footage of a home (e.g. a 1,000 sq ft home with a list price of $200k has a list price/sq ft of $200).
  • Median sale price / sq. ft. ($)

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    Median sale price / sq. ft. ($)
    Mid-point of Detroit Metros sale prices when divided by the square footage of a home (e.g. a 1,000 sq ft home that sold for $200k has a sale price/sq ft of $200).
  • Rent estimate / sq. ft. ($)

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    Rent estimate / sq. ft. ($)
    Mid-point of the estimated monthly rent price of all homes in Detroit Metro, per square foot. This is derived by taking the Rent Zestimate for each home and dividing it by the homes square footage (e.g. a 1,000 sq ft home with a Rent Zestimate of $2000 per month has a $2 value/sq foot).
  • Median rent list price / sq. ft. ($)

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    Median rent list price / sq. ft. ($)
    Mid-point of Detroit Metros rent when divided by the square footage of a home (e.g. a 1,000 sq ft home with a rent of $1,200 has a rent/sq ft of $12).
  • Median sale-to-list price ratio

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    Median sale-to-list price ratio
    Mid-point of the ratio between the sale price and the list price for all homes in Detroit Metro (e.g. if a home with a list price of $200k sells for $250k, its ratio would be 5:4 or 1.25).
  • Listings with price cut (%)

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    Listings with price cut (%)
    The percentage of current listings on Zillow in Detroit Metro whose price has been reduced in the last 30 days.
  • Median price cut (%)

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    Median price cut (%)
    Mid-point of the percentage of price reduction for homes in Detroit Metro whose prices have been reduced in the past full month.
  • Sold for loss (%)

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    Sold for loss (%)
    The percentage of homes in Detroit Metro that sold for less than the previous purchase price (e.g. a home purchased for $250k and then sold for $225k). This excludes foreclosure transactions.
  • Sold for gain (%)

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    Sold for gain (%)
    The percentage of homes sold for more than their previous purchase price (e.g. a home purchased for $225k and then sold for $250k).
  • Homes foreclosed

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    Homes foreclosed
    Number of homes in Detroit Metro that have been foreclosed but not yet resold to a private party. Expressed as a ratio (foreclosed homes per 10,000 total homes). It does not include homes for which the foreclosure process has started but not yet finished.
  • Foreclosure re-sales (%)

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    Foreclosure re-sales (%)
    The percentage of home sales in a given month in Detroit Metro where the home was foreclosed upon within the previous 12 months (e.g. sales of bank-owned homes after the bank repossessed a home during a foreclosure).
  • Increasing values (%)

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    Increasing values (%)
    The percentage of homes in Detroit Metro whose values have increased in the past year.
  • Decreasing values (%)

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    Decreasing values (%)
    The percentage of all homes in Detroit Metro whose value has fallen in the last year.
  • Sold in past year (%)

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    Sold in past year (%)
    The percentage of all homes in Detroit Metro that were sold in the past 12 months.
  • $113,100
  • 19.6%Y-o-Y
  • Calculated 07/18/2014*
  • *Includes data and transactions through 06/30/2014
 
 
 
 
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This data is not available for Detroit Metro.

RegionId
Region
M-o-M
Q-o-Q
Y-o-Y
Jun 2014
394532
1.7%
4.2%
19.6%
113100
35305
0.2%
1.3%
8.2%
123400
16724
1.6%
3.6%
15.2%
94800
43860
0.0%
1.6%
9.1%
153000
23453
50765
1.9%
5.2%
13.3%
183300
43978
43983
1.5%
6.9%
22.0%
132000
16852
2.3%
5.3%
19.1%
126100
10337
1.0%
1.9%
13.3%
114900
37392
1.8%
7.1%
16.5%
166000
23696
0.9%
4.2%
12.9%
347300
8083
1.4%
6.1%
10.7%
401300
17035
0.3%
0.5%
12.4%
386700
3701
0.9%
4.4%
18.9%
409100
44203
3787
1.2%
3.0%
12.9%
228000
37576
0.9%
2.3%
11.3%
222600
10581
1.7%
5.7%
24.2%
148300
10700
1.5%
3.6%
12.9%
207900
30739
4.4%
10.4%
26.6%
96500
44468
-0.4%
-1.3%
-1.3%
183000
37807
1.0%
2.1%
12.2%
61800
24063
1.4%
4.4%
16.3%
172300
24069
-0.1%
1.8%
5.2%
180700
395625
1.4%
4.9%
15.6%
236800
10845
1.9%
7.9%
19.8%
150300
10858
37933
2.0%
6.6%
21.2%
135500
10896
51503
10919
-0.2%
1.6%
10.1%
167900
17546
0.9%
3.4%
15.3%
227300
24336
2.3%
4.2%
24.0%
101200
44878
1.1%
1.9%
20.4%
80300
17762
1.9%
0.7%
7.2%
41900
16506
57270
0.3%
1.5%
12.1%
147800
11246
2.4%
6.8%
27.4%
56200
45074
-0.2%
-7.3%
2.8%
44500
8530
0.2%
1.1%
4.5%
141000
45216
1.0%
2.2%
1.8%
156700
51995
1.7%
7.5%
20.4%
163700
45243
1.7%
6.6%
18.4%
222600
57229
1.3%
7.1%
29.3%
115700
11448
4.0%
9.3%
18.9%
114400
52064
-0.6%
-1.9%
2.4%
121400
52096
0.6%
2.8%
18.8%
152400
24792
0.3%
1.7%
6.9%
506700
31648
3.2%
10.1%
28.6%
120800
38645
0.9%
1.3%
24.7%
79700
31737
2.5%
6.1%
30.4%
129600
42317
0.2%
1.8%
9.4%
149700
35532
-1.3%
-5.4%
0.3%
185100
11734
1.7%
3.3%
16.1%
175900
45581
-0.0%
-0.9%
3.8%
226400
31879
0.6%
-0.3%
8.4%
236700
38813
0.1%
-0.9%
7.5%
274500
52347
1.5%
0.8%
7.1%
265700
45582
-0.7%
-5.4%
1.1%
420100
18404
1.2%
0.8%
10.4%
179700
5041
31931
38899
3.8%
7.1%
22.3%
57600
38903
2.4%
8.9%
18.7%
153400
56064
0.7%
1.8%
16.1%
209300
31988
1.7%
5.0%
22.1%
48000
25118
1.4%
5.4%
20.4%
200300
38990
2.3%
4.1%
1.0%
48500
11947
1.0%
3.5%
15.3%
88100
52587
0.9%
3.5%
15.0%
189000
5241
0.5%
1.9%
15.0%
308700
28653
2.0%
5.8%
14.1%
153800
5263
39109
1.2%
0.5%
9.5%
41400
35671
1.2%
5.7%
5.8%
136800
22169
1.2%
4.3%
26.9%
112400
49184
18918
0.1%
1.6%
11.4%
162500
12313
39370
0.6%
4.2%
24.9%
159800
18993
0.5%
4.3%
12.3%
279400
15805
1.5%
2.1%
20.1%
53200
32542
1.2%
3.0%
14.6%
155400
53100
1.2%
4.3%
12.0%
248300
49477
1.0%
4.5%
25.5%
92400
46414
2.1%
1.6%
7.3%
93600
5833
-0.6%
-0.5%
7.2%
103700
5900
-0.7%
-3.4%
4.4%
42900
46497
-0.3%
1.8%
10.5%
152400
5915
39787
0.9%
3.4%
12.6%
268600
19486
2.4%
3.8%
19.4%
75700
6139
2.4%
5.6%
16.8%
194700
33069
2.0%
3.5%
15.3%
134700
19586
1.4%
5.2%
12.8%
224100
57176
56390
0.2%
1.8%
14.1%
133600
6251
1.0%
1.2%
11.3%
345700
26225
1.0%
4.0%
10.2%
282100
26241
0.6%
3.9%
26.1%
79600
19723
2.4%
6.9%
14.2%
360500
40171
2.1%
7.9%
12.7%
591800
40176
1.1%
4.0%
17.6%
213400
26331
1.2%
3.7%
14.6%
212600
53761
396721
1.4%
4.7%
15.9%
217900
43724
0.4%
1.2%
9.7%
202700
53929
0.0%
0.9%
12.0%
261500
396716
1.2%
2.3%
11.6%
245000
6562
2.0%
0.4%
19.9%
55400
33492
3.5%
8.9%
20.4%
71900
26713
1.9%
3.8%
19.4%
57900
33654
1.7%
5.6%
20.8%
159400
54157
40584
1.4%
3.4%
14.1%
132800
47415
0.9%
4.2%
15.8%
295100
54179
1.1%
5.1%
14.5%
272600
13563
3.2%
9.1%
19.0%
105100
54200
0.5%
2.4%
10.3%
223900
54201
20245
2.9%
8.7%
28.1%
63400
6855
1.0%
4.6%
12.3%
186500
9504
0.3%
2.6%
8.9%
151100
6884
2.6%
6.6%
25.6%
104000
47703
20529
1.8%
5.7%
11.6%
110600
27181
0.7%
3.3%
10.9%
258600
27195
2.8%
9.4%
28.1%
111800
16309
1.0%
0.7%
8.6%
81800
27230
1.4%
4.5%
15.6%
232100
47847
1.8%
5.5%
17.9%
163400
36725
0.5%
4.0%
19.6%
177200
7378
1.7%
3.0%
11.0%
64400
9447
1.7%
4.1%
17.2%
127900
7476
1.3%
5.7%
16.5%
258900
54897
1.5%
3.8%
13.6%
205500
27657
2.3%
5.3%
12.0%
152700
48311
1.3%
5.8%
26.4%
119700
21159
2.1%
6.3%
24.5%
88300
50049
1.6%
4.4%
9.5%
264300
41574
1.6%
7.1%
23.7%
130900
7798
1.2%
2.1%
28.1%
59700
34725
1.4%
5.5%
16.8%
272000
7883
2.0%
4.1%
23.1%
93800
21281
1.1%
4.7%
17.9%
211600
27939
0.3%
2.1%
12.7%
186400
23353
1.3%
5.5%
15.2%
214300
41774
2.0%
6.3%
15.6%
153200
57320
1.6%
4.1%
10.5%
136700
48589
1.6%
1.5%
14.1%
81100
16089
3.6%
7.9%
16.6%
95500
 
Zillow Home Value IndexY-o-Y
Detroit Metro$113,10019.6%
Flint Metro$83,50018.6%
Ann Arbor Metro$221,10012.7%
Monroe Metro$125,10011.3%
Saginaw Metro$66,1002.3%
Adrian Metro$105,00011.3%
Mortgage Rates
 
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