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.
  • $110,900
  • 13.6%Y-o-Y
  • Calculated 08/19/2014*
  • *Includes data and transactions through 07/31/2014
 
 
 
 
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This data is not available for Detroit Metro.

RegionId
Region
M-o-M
Q-o-Q
Y-o-Y
Jul 2014
394532
0.7%
1.9%
13.6%
110900
35305
0.6%
2.0%
8.0%
125300
16724
-0.4%
0.2%
6.9%
91500
43860
0.0%
1.4%
8.7%
154500
23453
-0.8%
-2.6%
-2.5%
145300
50765
1.3%
2.8%
9.3%
179000
43978
43983
0.2%
1.4%
13.1%
126900
16852
-0.4%
-0.4%
10.1%
120000
10337
-1.4%
-0.6%
6.7%
112500
37392
-0.1%
1.5%
9.1%
159300
23696
-0.1%
1.0%
7.6%
339200
8083
0.2%
1.6%
5.3%
389300
17035
0.5%
3.6%
11.9%
396300
3701
0.2%
2.2%
14.0%
403400
44203
3787
0.7%
3.7%
9.6%
228800
37576
1.3%
1.9%
9.1%
225600
10581
-0.5%
0.1%
15.3%
143400
10700
0.2%
2.1%
7.7%
205400
30739
1.8%
7.7%
21.6%
96700
44468
0.7%
3.9%
3.1%
193500
37807
1.2%
0.5%
9.6%
60700
24063
0.7%
0.5%
10.4%
166000
24069
0.5%
1.6%
4.5%
182200
395625
0.6%
3.2%
11.5%
234200
10845
0.1%
1.6%
10.7%
143600
10858
37933
1.4%
3.8%
17.0%
133300
10896
51503
-1.5%
-5.2%
-7.3%
105700
10919
-1.8%
-5.8%
0.5%
156600
17546
0.3%
2.6%
11.7%
226600
24336
1.2%
5.6%
21.5%
103400
44878
0.5%
4.3%
19.5%
82600
17762
-0.5%
1.0%
4.8%
41700
16506
-0.6%
-2.3%
5.5%
177700
57270
1.0%
4.6%
15.3%
154200
11246
2.0%
6.2%
26.0%
56700
45074
0.6%
0.9%
3.8%
46500
8530
-0.3%
0.9%
2.2%
141200
45216
0.8%
2.6%
0.8%
157900
51995
0.7%
4.5%
15.4%
161700
45243
0.3%
2.3%
12.0%
216200
57229
0.4%
1.2%
18.1%
110800
11448
1.4%
6.6%
13.2%
112400
52064
-0.2%
-2.0%
-0.2%
120400
52096
1.1%
0.8%
14.9%
152700
24792
1.6%
5.0%
8.4%
522900
31648
1.8%
4.2%
20.6%
116100
38645
-0.4%
0.0%
16.6%
78500
31737
-1.3%
-4.9%
14.2%
118400
42317
-0.8%
-1.7%
3.4%
146300
35532
0.4%
-1.2%
2.1%
191300
11734
0.9%
-0.3%
9.5%
171500
45581
-0.4%
-1.5%
-1.1%
223300
31879
0.5%
2.4%
7.4%
242100
38813
-0.4%
-0.7%
2.9%
272800
52347
1.2%
5.7%
8.2%
277600
45582
-0.0%
2.1%
3.6%
444700
18404
0.1%
1.6%
6.3%
179800
5041
31931
38899
-0.9%
-0.6%
9.6%
53500
38903
1.8%
4.1%
12.9%
148700
56064
1.3%
1.1%
13.4%
211100
31988
0.6%
3.0%
15.9%
47400
25118
-0.1%
0.5%
11.7%
192200
38990
0.8%
7.4%
5.2%
51000
11947
1.7%
6.3%
14.6%
90800
52587
1.3%
2.1%
12.8%
190700
5241
1.0%
4.1%
15.1%
315500
28653
-0.1%
-0.6%
2.8%
144400
5263
39109
2.8%
14.1%
23.0%
47600
35671
-0.7%
1.6%
0.2%
134100
22169
-0.6%
-1.2%
16.6%
107000
49184
18918
-0.2%
2.6%
10.2%
165000
12313
39370
0.0%
1.3%
18.3%
157100
18993
0.0%
1.4%
7.7%
273900
15805
0.2%
4.8%
18.8%
55000
32542
-0.1%
0.8%
8.3%
152500
53100
0.9%
1.9%
8.7%
243700
49477
0.9%
3.8%
22.1%
92800
46414
3.0%
10.0%
13.2%
101100
5833
1.9%
4.2%
10.5%
108700
5900
0.2%
-1.1%
3.3%
43400
46497
-2.2%
-8.6%
-2.3%
137200
5915
39787
0.3%
2.5%
9.5%
267500
19486
2.6%
8.8%
22.8%
79300
6139
1.3%
3.1%
12.1%
190300
33069
1.5%
5.2%
15.0%
136900
19586
0.5%
3.3%
9.5%
222100
57176
-1.4%
-4.8%
0.6%
108800
56390
-0.7%
-2.4%
6.4%
128700
6251
-0.0%
2.1%
8.7%
349200
26225
0.3%
3.1%
7.9%
281800
26241
0.4%
2.7%
21.0%
79400
19723
0.9%
4.4%
9.9%
354600
40171
0.1%
2.0%
5.1%
566000
40176
0.3%
1.9%
12.7%
209800
26331
0.6%
2.0%
9.3%
208700
53761
396721
0.7%
3.3%
12.2%
215900
43724
1.3%
2.2%
9.5%
207700
53929
0.9%
3.7%
13.3%
269400
396716
0.0%
1.9%
7.5%
244300
6562
1.3%
0.6%
10.2%
53800
33492
0.3%
2.1%
11.6%
68400
26713
0.5%
3.9%
14.3%
58200
33654
0.7%
1.8%
15.9%
155300
54157
40584
-0.6%
-1.6%
4.0%
126200
47415
0.8%
4.7%
15.4%
300400
54179
0.2%
2.3%
10.0%
267800
13563
0.4%
4.3%
9.1%
101200
54200
1.0%
1.8%
8.8%
222900
54201
20245
2.7%
8.3%
27.9%
64200
6855
0.3%
2.2%
8.1%
183600
9504
-0.7%
-2.3%
1.9%
144900
6884
1.5%
4.0%
20.9%
102200
47703
20529
27181
0.8%
2.7%
8.8%
258200
27195
1.4%
5.3%
20.9%
109400
16309
0.2%
1.6%
5.1%
81800
27230
0.0%
1.5%
9.4%
226200
47847
1.1%
3.1%
14.0%
160800
36725
0.7%
4.0%
17.1%
179600
7378
1.2%
5.4%
11.4%
66200
9447
0.1%
0.5%
9.2%
123500
7476
0.6%
3.5%
13.0%
256000
54897
0.8%
1.3%
9.0%
200300
27657
-0.5%
0.6%
3.0%
146300
48311
0.4%
3.5%
21.6%
118700
21159
2.1%
5.6%
22.0%
88600
50049
1.3%
3.2%
8.1%
262100
41574
0.5%
2.5%
15.7%
127100
7798
0.3%
1.9%
20.6%
59800
34725
-0.1%
1.2%
9.9%
263000
7883
0.4%
3.3%
17.4%
93300
21281
0.3%
1.5%
11.7%
206500
27939
0.0%
1.0%
9.4%
184900
23353
0.1%
1.4%
8.9%
207400
41774
0.9%
4.4%
11.5%
151700
57320
0.1%
2.4%
7.0%
135800
48589
-0.3%
-0.6%
5.8%
78500
16089
2.3%
9.8%
15.6%
98800
 
Zillow Home Value IndexY-o-Y
Detroit Metro$110,90013.6%
Flint Metro$78,8008.5%
Ann Arbor Metro$223,70011.7%
Monroe Metro$123,4006.7%
Saginaw Metro$66,1000.9%
Bay City Metro$80,000-4.4%
Mortgage Rates
 
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