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.
  • $107,300
  • 16.5%Y-o-Y
  • Calculated 04/20/2014*
  • *Includes data and transactions through 03/31/2014
 
 
 
 
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This data is not available for Detroit Metro.

RegionId
Region
M-o-M
Q-o-Q
Y-o-Y
Mar 2014
394532
0.7%
2.8%
16.5%
107300
35305
0.6%
2.4%
11.6%
121000
16724
-0.1%
1.7%
13.2%
89900
43860
0.5%
2.2%
8.0%
149400
23453
-0.3%
-3.6%
15.0%
188500
50765
0.2%
1.3%
10.1%
173300
43978
43983
0.8%
3.1%
18.5%
120900
16852
0.5%
1.4%
21.1%
119000
10337
-0.3%
-2.4%
7.1%
110700
37392
0.7%
2.4%
11.2%
152000
23696
0.5%
1.7%
12.9%
327600
8083
0.7%
0.6%
4.2%
370400
17035
0.3%
1.2%
16.0%
380700
3701
0.6%
2.7%
18.2%
385200
44203
3787
-0.2%
0.0%
14.3%
218900
37576
-0.2%
-0.0%
9.1%
213100
10581
2.5%
5.9%
19.6%
137100
10700
-0.4%
-0.1%
11.0%
197000
30739
1.3%
5.1%
24.1%
86400
44468
0.2%
0.5%
7.1%
184800
37807
1.0%
4.0%
16.2%
60200
24063
0.4%
2.4%
15.3%
163600
24069
0.3%
0.9%
4.5%
175800
395625
0.3%
1.2%
12.9%
222100
10845
0.7%
2.4%
15.9%
136600
10858
37933
0.5%
2.4%
19.6%
125900
10896
51503
10919
0.9%
2.3%
13.1%
163800
17546
0.7%
2.3%
16.2%
216500
24336
0.8%
3.0%
23.1%
95500
44878
0.4%
3.1%
24.9%
77700
17762
0.2%
1.7%
4.3%
41000
16506
57270
1.0%
2.9%
9.1%
144200
11246
1.2%
3.6%
24.4%
52000
45074
-1.0%
-2.8%
11.9%
47800
8530
0.5%
0.4%
11.2%
139000
45216
0.2%
0.2%
3.8%
152500
51995
0.9%
3.4%
14.7%
149400
45243
0.6%
2.1%
13.4%
205100
57229
1.0%
4.3%
26.6%
106000
11448
-0.1%
0.9%
8.2%
102900
52064
-0.2%
1.1%
8.3%
123400
52096
0.7%
2.8%
14.7%
144900
24792
-0.2%
-0.5%
10.7%
490700
31648
1.0%
3.7%
22.5%
108500
38645
0.4%
3.5%
30.2%
77700
31737
5.6%
8.4%
14.6%
119800
42317
0.6%
1.0%
15.1%
146000
35532
-0.4%
0.5%
14.0%
194800
11734
0.0%
1.2%
12.1%
167000
45581
-0.1%
-0.1%
5.0%
224700
31879
-0.0%
0.7%
10.9%
234100
38813
-0.0%
0.6%
12.0%
272900
52347
0.1%
0.1%
7.8%
260000
45582
-0.2%
0.4%
11.9%
441300
18404
0.1%
0.8%
12.4%
176100
5041
31931
38899
0.4%
2.5%
20.8%
52900
38903
0.4%
1.7%
14.5%
139000
56064
0.0%
0.7%
13.6%
201700
31988
1.1%
2.0%
23.0%
45000
25118
0.7%
1.9%
15.7%
186700
38990
1.6%
2.0%
-10.1%
45600
11947
0.8%
1.8%
16.7%
84000
52587
0.2%
1.4%
10.8%
178500
5241
0.9%
3.2%
13.9%
298500
28653
0.1%
2.2%
8.9%
142400
5263
39109
0.2%
1.0%
6.8%
40700
35671
0.0%
-1.2%
1.8%
128300
22169
0.5%
3.7%
24.7%
106100
49184
18918
0.4%
2.2%
10.7%
157500
12313
39370
1.4%
4.7%
23.8%
150600
18993
0.2%
1.2%
12.3%
262900
15805
0.4%
2.0%
20.1%
51400
32542
0.1%
1.2%
14.2%
148300
53100
0.1%
1.3%
10.1%
236000
49477
1.4%
5.1%
23.3%
86800
46414
0.4%
1.5%
9.9%
91900
5833
0.7%
2.2%
13.2%
103600
5900
0.5%
0.9%
10.4%
43700
46497
1.6%
3.6%
10.5%
148300
5915
39787
0.2%
1.2%
13.3%
255300
19486
0.6%
2.5%
22.6%
72800
6139
0.3%
1.4%
15.4%
183300
33069
0.4%
3.3%
16.6%
129700
19586
0.3%
0.8%
8.9%
209100
57176
56390
0.7%
2.1%
15.5%
130400
6251
0.3%
1.1%
12.0%
335900
26225
0.2%
0.4%
8.9%
266800
26241
0.9%
4.3%
26.5%
75400
19723
0.2%
0.6%
9.1%
331400
40171
-0.0%
-1.0%
7.8%
537800
40176
0.6%
2.5%
16.8%
202000
26331
-0.1%
0.0%
15.9%
202700
53761
396721
0.3%
0.9%
13.6%
205100
43724
-0.3%
-0.1%
8.0%
196400
53929
0.4%
1.9%
12.3%
255200
396716
0.0%
1.1%
12.2%
235600
6562
-0.2%
0.4%
22.8%
55000
33492
0.3%
1.6%
11.2%
65300
26713
0.4%
1.5%
19.1%
54900
33654
1.5%
4.0%
16.5%
149600
54157
40584
-0.2%
1.0%
11.9%
126000
47415
1.1%
2.6%
15.6%
278300
54179
0.6%
2.0%
11.7%
254500
13563
-0.9%
-2.2%
10.6%
94600
54200
0.2%
0.4%
12.5%
216600
54201
20245
1.4%
4.3%
22.2%
57900
6855
0.4%
1.6%
11.0%
175200
9504
0.2%
0.6%
6.9%
145700
6884
1.3%
4.4%
23.3%
96900
47703
20529
27181
0.3%
1.3%
9.2%
246300
27195
0.8%
3.1%
20.0%
100200
16309
-0.6%
0.4%
11.3%
80000
27230
0.5%
1.5%
13.8%
218700
47847
0.5%
2.4%
16.9%
153700
36725
1.3%
3.9%
21.8%
167500
7378
0.2%
2.7%
6.6%
61400
9447
0.0%
0.8%
14.8%
120700
7476
0.5%
1.8%
14.2%
240500
54897
0.3%
1.8%
13.2%
196700
27657
-1.0%
-2.4%
8.6%
142400
48311
0.9%
3.8%
20.0%
111000
21159
0.9%
4.0%
24.1%
82400
50049
0.2%
1.4%
6.5%
251200
41574
0.8%
3.2%
19.2%
119700
7798
0.7%
3.4%
30.6%
57600
34725
0.4%
1.1%
14.6%
253100
7883
0.3%
2.2%
23.0%
88700
21281
0.6%
2.0%
16.1%
198500
27939
0.2%
1.7%
9.9%
179200
23353
0.5%
1.9%
11.9%
199300
41774
0.5%
2.5%
10.2%
141800
57320
0.2%
1.3%
6.2%
128600
48589
0.1%
2.1%
14.2%
78800
16089
-0.1%
-0.7%
16.1%
88000
 
Zillow Home Value IndexY-o-Y
Detroit Metro$107,30016.5%
Flint Metro$77,30014.5%
Ann Arbor Metro$211,10010.1%
Monroe Metro$118,4007.2%
Saginaw Metro$63,000-2.9%
Adrian Metro$102,40017.4%
Mortgage Rates