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.
  • $106,800
  • 17.6%Y-o-Y
  • Calculated 03/17/2014*
  • *Includes data and transactions through 02/28/2014
 
 
 
 
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This data is not available for Detroit Metro.

RegionId
Region
M-o-M
Q-o-Q
Y-o-Y
Feb 2014
394532
0.9%
3.3%
17.6%
106800
35305
0.8%
2.9%
14.7%
120200
16724
1.0%
3.4%
15.4%
90900
43860
0.5%
2.5%
10.5%
148300
23453
-1.1%
-3.1%
22.5%
189800
50765
0.6%
2.1%
11.0%
173700
43978
43983
1.0%
3.5%
19.7%
120100
16852
0.5%
1.2%
23.5%
118200
10337
-0.9%
-1.9%
6.3%
111600
37392
0.8%
1.8%
11.8%
151100
23696
0.5%
2.0%
14.4%
326600
8083
-0.0%
-0.6%
4.8%
367700
17035
0.6%
2.0%
17.7%
380700
3701
1.0%
3.2%
19.0%
383600
44203
3787
0.2%
1.1%
16.3%
220100
37576
0.1%
1.1%
11.6%
215500
10581
1.0%
4.1%
16.2%
133200
10700
0.4%
1.6%
13.6%
199700
30739
1.8%
4.8%
26.8%
85200
44468
0.2%
0.0%
9.7%
184300
37807
1.5%
4.2%
17.0%
59900
24063
0.9%
3.2%
15.2%
163600
24069
0.4%
0.9%
6.1%
175300
395625
0.4%
2.1%
14.2%
221800
10845
0.8%
2.0%
17.7%
135800
10858
37933
0.8%
3.3%
20.9%
125900
10896
51503
10919
0.6%
2.0%
13.7%
161800
17546
0.7%
2.4%
17.1%
215300
24336
1.0%
3.7%
23.2%
95200
44878
1.3%
5.7%
28.6%
78200
17762
0.7%
2.2%
4.8%
41200
16506
57270
0.6%
3.1%
7.1%
142100
11246
1.0%
3.8%
25.0%
51500
45074
-0.8%
0.0%
14.9%
48700
8530
0.1%
-0.9%
15.1%
138200
45216
0.3%
-0.5%
4.9%
152200
51995
1.2%
2.8%
14.6%
148100
45243
0.7%
1.9%
14.2%
204100
57229
1.3%
4.7%
28.0%
105000
11448
0.7%
2.2%
9.8%
103800
52064
0.7%
2.2%
9.8%
123600
52096
0.9%
3.6%
15.8%
144900
24792
0.0%
-0.0%
13.5%
493900
31648
1.1%
3.8%
23.1%
107600
38645
1.6%
6.0%
30.6%
78100
31737
0.2%
1.5%
7.0%
111100
42317
-0.1%
1.0%
18.7%
144700
35532
0.5%
2.8%
20.3%
197100
11734
0.6%
3.1%
14.2%
168600
45581
0.0%
0.6%
5.3%
226400
31879
0.4%
1.9%
12.3%
235900
38813
0.5%
1.5%
13.2%
275200
52347
0.0%
0.3%
8.0%
261200
45582
0.4%
1.5%
13.4%
445900
18404
0.5%
1.5%
14.1%
177300
5041
31931
38899
0.6%
5.2%
21.8%
53000
38903
0.6%
1.9%
15.1%
138900
56064
0.5%
1.8%
15.9%
203700
31988
0.7%
0.9%
23.2%
44600
25118
0.5%
2.1%
15.6%
185500
38990
0.2%
-2.0%
-9.5%
44900
11947
0.8%
0.7%
16.8%
83400
52587
0.6%
2.6%
12.3%
179700
5241
1.1%
3.8%
13.8%
296000
28653
1.4%
3.2%
10.6%
143700
5263
39109
0.2%
2.5%
6.2%
40800
35671
-0.2%
-2.4%
3.2%
128300
22169
1.1%
6.3%
29.0%
105800
49184
18918
0.8%
2.7%
11.9%
157400
12313
39370
1.2%
5.1%
22.5%
148200
18993
0.5%
1.8%
14.2%
263200
15805
0.6%
3.6%
20.6%
51500
32542
0.7%
2.5%
15.6%
149400
53100
0.6%
1.9%
10.6%
236900
49477
1.5%
5.3%
23.3%
85600
46414
0.4%
1.8%
11.2%
91400
5833
0.7%
2.2%
14.3%
102800
5900
0.5%
3.1%
10.1%
43800
46497
1.1%
1.5%
10.0%
145300
5915
39787
0.5%
1.8%
14.7%
255400
19486
0.7%
3.7%
26.2%
72800
6139
0.5%
1.9%
16.1%
183500
33069
1.6%
3.9%
17.5%
130000
19586
0.2%
1.2%
9.5%
208800
57176
56390
0.5%
2.1%
16.5%
129200
6251
0.6%
1.5%
13.2%
337200
26225
0.1%
0.6%
10.4%
266600
26241
1.6%
5.5%
26.1%
74900
19723
0.2%
1.0%
10.6%
331100
40171
-0.5%
-1.0%
9.2%
539000
40176
0.9%
3.7%
18.0%
201200
26331
0.0%
1.2%
18.9%
203500
53761
396721
0.3%
1.4%
16.0%
204800
43724
0.3%
0.9%
10.5%
198700
53929
0.8%
2.6%
12.6%
254500
396716
0.7%
1.8%
13.9%
237400
6562
0.4%
1.5%
24.5%
55400
33492
0.9%
2.5%
12.8%
65200
26713
0.5%
2.8%
19.8%
55100
33654
1.4%
2.4%
15.0%
147600
54157
40584
0.7%
3.1%
14.0%
127500
47415
0.6%
2.3%
16.2%
275000
54179
0.6%
2.0%
12.3%
253200
13563
0.0%
-1.2%
13.2%
96600
54200
0.0%
1.2%
14.3%
217100
54201
20245
1.2%
4.6%
21.7%
57200
6855
0.6%
1.7%
12.8%
174900
9504
0.2%
1.3%
7.0%
145300
6884
1.2%
4.6%
23.1%
95800
47703
20529
27181
0.6%
1.7%
10.4%
246100
27195
1.0%
3.1%
20.2%
99500
16309
0.6%
3.0%
14.3%
81500
27230
0.6%
2.0%
14.7%
218100
47847
0.9%
2.9%
17.3%
153600
36725
1.0%
3.4%
22.0%
165300
7378
1.3%
4.0%
6.9%
61800
9447
0.4%
2.4%
16.9%
121600
7476
0.6%
2.2%
15.6%
239600
54897
0.8%
2.4%
13.5%
197100
27657
-0.5%
-0.4%
11.3%
145300
48311
1.2%
4.8%
20.6%
110100
21159
1.5%
5.0%
25.0%
82100
50049
0.6%
1.8%
7.1%
252000
41574
1.1%
3.3%
20.1%
118900
7798
1.2%
4.7%
32.5%
57500
34725
0.4%
1.6%
15.7%
252600
7883
1.0%
4.1%
25.5%
89200
21281
0.6%
2.3%
16.7%
197700
27939
0.6%
2.5%
10.4%
178900
23353
0.7%
2.4%
12.6%
198800
41774
0.9%
2.2%
10.3%
141400
57320
0.5%
2.3%
6.9%
129400
48589
0.8%
3.8%
16.1%
79300
16089
-0.1%
-0.5%
18.1%
88200
 
Zillow Home Value IndexY-o-Y
Detroit Metro$106,80017.6%
Flint Metro$76,70014.5%
Ann Arbor Metro$210,90010.8%
Monroe Metro$116,7005.8%
Owosso Metro$90,60013.1%
Saginaw Metro$63,400-2.0%
Mortgage Rates