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
The number of homes in the Detroit Metro per 10,000 that were foreclosed in a given month. A foreclosure is when a homeowner loses their home to their lending institution or it is sold to a third party at an auction.
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.

$86,500
14.0%Y-o-Y

Calculated 05/15/2013^*
^*Includes data and transactions through 04/30/2013

RegionId	Region	M-o-M	Q-o-Q	Y-o-Y	Apr 2013
394532	Detroit Metro	1.5%	4.8%	14.0%	86500
35305	Algonac
16724	Allen Park	1.2%	3.3%	12.4%	78800
43860	Allenton
23453	Almont
50765	Armada	-0.4%	-1.8%	10.3%	139900
43978	Attica
43983	Auburn Hills	-0.4%	-0.5%	11.4%	98800
16852	Avoca
10337	Belleville
37392	Berkley	1.9%	6.2%	14.8%	131500
23696	Beverly Hills	0.7%	1.5%	13.8%	273000
8083	Bingham Farms	0.9%	1.6%	17.4%	317700
17035	Birmingham	1.4%	1.4%	11.2%	304300
3701	Bloomfield Hills	-1.3%	-4.9%	8.1%	652800
44203	Bloomfield Township	0.2%	1.1%	11.0%	304600
3787	Brandon	1.2%	4.8%	12.6%	181800
37576	Brighton	2.9%	7.5%	15.0%	192500
10581	Brownstown	0.4%	0.0%	5.1%	109300
10700	Canton	2.3%	5.5%	15.6%	175100
30739	Capac
44468	Casco
37807	Center Line
24063	Chesterfield	0.5%	1.5%	11.7%	133500
24069	China Township
395625	Clarkston	0.5%	1.8%	11.8%	190600
10845	Clawson	2.3%	6.0%	10.3%	111500
10858	Clifford
37933	Clinton Township	1.9%	4.9%	13.0%	98400
10896	Cohoctah
51503	Columbiaville
10919	Columbus
17546	Commerce Township	1.2%	3.4%	11.2%	179800
24336	Dearborn	0.5%	3.0%	26.1%	78300
44878	Dearborn Heights	0.3%	3.3%	17.5%	62400
17762	Detroit	6.5%	15.6%	13.6%	32600
16506	Dryden
57270	East China
11246	Eastpointe	2.6%	8.7%	17.5%	43600
45074	Ecorse
8530	Emmett
45216	Fair Haven
51995	Farmington	-0.2%	-1.7%	2.9%	125900
45243	Farmington Hills	-0.3%	-0.3%	10.6%	176800
57229	Ferndale	0.5%	2.9%	16.0%	81900
11448	Flat Rock	1.1%	3.0%	1.9%	89800
52064	Fort Gratiot
52096	Fowlerville	1.1%	4.0%	13.2%	123600
24792	Franklin	2.0%	3.1%	7.6%	430100
31648	Fraser	2.1%	4.6%	13.7%	90500
38645	Garden City
31737	Gibraltar
42317	Goodells
35532	Goodrich
11734	Gregory	0.9%	4.6%	4.4%	146900
45581	Grosse Ile	2.3%	4.0%	0.4%	185200
31879	Grosse Pointe	1.6%	1.6%	6.2%	203900
38813	Grosse Pointe Farms	3.8%	6.3%	15.8%	234000
52347	Grosse Pointe Park	0.0%	1.3%	16.4%	236000
45582	Grosse Pointe Shores	1.2%	2.3%	15.4%	415200
18404	Grosse Pointe Woods	1.3%	3.6%	17.5%	158400
5041	Hamburg
31931	Hamtramck
38899	Harper Woods	2.1%	5.4%	13.7%	44800
38903	Harrison Township	1.4%	4.4%	18.3%	120300
56064	Hartland	3.4%	9.8%	13.5%	169900
31988	Hazel Park	3.4%	8.7%	4.4%	40100
25118	Highland	0.6%	0.7%	5.6%	157200
38990	Highland Park
11947	Holly	0.7%	3.1%	-2.9%	72800
52587	Howell	2.7%	7.7%	12.9%	160800
5241	Huntington Woods	2.0%	2.5%	7.7%	243600
28653	Huron Township	1.0%	2.0%	7.7%	120200
5263	Imlay City
39109	Inkster	2.7%	12.3%	20.6%	37400
35671	Jeddo
22169	Keego Harbor	0.9%	2.3%	13.6%	74500
49184	Lake Angelus
18918	Lake Orion	0.2%	0.8%	8.8%	132900
12313	Lapeer
39370	Lathrup Village	1.6%	4.7%	3.9%	123900
18993	Leonard	0.9%	1.6%	11.2%	235500
15805	Lincoln Park	3.1%	8.3%	14.3%	43100
32542	Livonia	2.8%	7.7%	10.3%	126900
53100	Macomb Township	1.3%	2.6%	14.1%	209700
49477	Madison Heights	0.4%	3.6%	11.7%	71700
46414	Marine City
5833	Marysville
5900	Melvindale	0.9%	5.5%	7.7%	34800
46497	Memphis
5915	Metamora
39787	Milford Township	0.7%	0.4%	7.3%	217400
19486	Mount Clemens	0.0%	3.9%	15.0%	58900
6139	New Baltimore	2.0%	4.6%	13.3%	155600
33069	New Haven	1.2%	1.7%	24.5%	105700
19586	New Hudson	1.4%	1.5%	7.3%	183000
57176	North Branch
56390	North Street
6251	Northville Township	2.4%	5.2%	12.6%	291200
26225	Novi	0.7%	1.3%	8.4%	231900
26241	Oak Park	0.6%	2.6%	8.0%	62200
19723	Oakland	1.9%	3.2%	6.9%	299400
40171	Orchard Lake	1.1%	2.5%	9.9%	484800
40176	Orion	0.5%	1.2%	5.3%	165700
26331	Ortonville	1.6%	4.8%	12.1%	167300
53761	Otter Lake
396721	Oxford Township	0.5%	2.1%	10.9%	174000
43724	Pinckney	2.0%	6.6%	12.0%	174100
53929	Pleasant Ridge	1.5%	2.0%	16.5%	214200
396716	Plymouth Township	2.5%	4.0%	15.3%	207200
6562	Pontiac	1.7%	7.0%	2.6%	42900
33492	Port Huron Township
26713	Redford	2.3%	5.9%	10.6%	44700
33654	Richmond	1.5%	3.3%	4.7%	117200
54157	River Rouge
40584	Riverview	2.6%	5.2%	13.3%	106600
47415	Rochester	3.8%	9.2%	8.3%	223900
54179	Rochester Hills	0.5%	1.4%	12.3%	222200
13563	Rockwood	-2.8%	-3.9%	11.2%	87100
54200	Romeo	1.1%	3.2%	8.3%	169300
54201	Romulus
20245	Roseville	1.9%	6.3%	15.3%	48900
6855	Royal Oak	0.7%	1.7%	13.0%	151600
9504	Saint Clair
6884	Saint Clair Shores	1.3%	2.9%	12.8%	80800
47703	Silverwood
20529	Smiths Creek
27181	South Lyon	1.2%	3.3%	7.1%	217200
27195	Southfield	1.0%	1.4%	9.3%	79800
16309	Southgate	3.6%	9.3%	9.4%	68500
27230	Springfield Township	1.1%	1.6%	9.0%	184900
47847	Sterling Heights	1.1%	2.7%	12.8%	131100
36725	Sylvan Lake	2.6%	6.0%	13.6%	131700
7378	Taylor
9447	Trenton	3.0%	7.5%	18.0%	99500
7476	Troy	0.4%	1.3%	10.9%	205300
54897	Utica	1.2%	3.0%	12.7%	170800
27657	Van Buren Township
48311	Walled Lake	-1.1%	1.2%	18.3%	90400
21159	Warren	1.1%	2.6%	10.4%	66000
50049	Washington	1.6%	3.6%	21.6%	226100
41574	Waterford	0.0%	1.5%	12.5%	98400
7798	Wayne	0.4%	9.1%	16.8%	46600
34725	West Bloomfield	-0.7%	-1.9%	14.8%	221300
7883	Westland	3.3%	10.7%	18.8%	71300
21281	White Lake	1.4%	2.1%	8.1%	167300
27939	Whitmore Lake	-0.2%	0.9%	15.1%	160200
23353	Wixom	0.5%	0.6%	9.4%	177000
41774	Wolverine Lake	-0.7%	-2.2%	15.1%	124900
57320	Woodhaven	5.2%	9.5%	11.1%	112000
48589	Wyandotte	-0.1%	1.9%	14.5%	70900
16089	Yale

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Zillow Home Value Index

Median list price ($)

Median sale price ($)

Zillow Rent Index

Median rent list price ($)

Total homes sold

Median value per sq. ft. ($)

Median list price / sq. ft. ($)

Median sale price / sq. ft. ($)

Rent estimate / sq. ft. ($)

Median rent list price / sq. ft. ($)

Median sale-to-list price ratio

Listings with price cut (%)

Median price cut (%)

Sold for loss (%)

Sold for gain (%)

Homes foreclosed

Foreclosure re-sales (%)

Increasing values (%)

Decreasing values (%)

Sold in past year (%)

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Detroit Metro Home Prices and Home Values

Zillow Home Value Index

Median list price ($)

Median sale price ($)

Zillow Rent Index

Median rent list price ($)

Total homes sold

Median value per sq. ft. ($)

Median list price / sq. ft. ($)

Median sale price / sq. ft. ($)

Rent estimate / sq. ft. ($)

Median rent list price / sq. ft. ($)

Median sale-to-list price ratio

Listings with price cut (%)

Median price cut (%)

Sold for loss (%)

Sold for gain (%)

Homes foreclosed

Foreclosure re-sales (%)

Increasing values (%)

Decreasing values (%)

Sold in past year (%)

This data is not available for Detroit Metro.

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