Detroit Home Prices and Home Values

  • Zillow Home Value Index

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

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

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    Median sale price ($)
    Mid-point of the price homes have sold for in Detroit. 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. 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. 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 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, 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 Detroits 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 Detroits 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, 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 Detroits 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 (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 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 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 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 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 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 whose values have increased in the past year.
  • Decreasing values (%)

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    Decreasing values (%)
    The percentage of all homes in Detroit 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 that were sold in the past 12 months.
  • $41,900
  • 7.2%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.

RegionId
Region
M-o-M
Q-o-Q
Y-o-Y
Jun 2014
17762
1.9%
0.7%
7.2%
41900
269948
269950
272832
1.7%
1.2%
13.3%
40800
272839
269952
3.6%
-0.8%
11.1%
37900
276209
2.3%
4.0%
15.5%
43900
269954
3.7%
3.1%
6.2%
39300
269956
1.0%
-2.3%
13.1%
38900
269958
0.5%
-1.8%
-0.5%
39300
269960
269961
1.9%
3.3%
13.8%
43600
276225
269964
-2.9%
-7.8%
-11.0%
43700
269965
273209
269966
6.6%
8.1%
9.1%
38500
269969
4.8%
5.4%
4.8%
35200
273341
269971
269972
269975
269977
269978
2.2%
3.3%
11.7%
46700
269985
3.3%
0.3%
18.4%
37400
269986
3.3%
4.6%
19.4%
41200
269987
269988
269989
1.6%
-3.0%
-0.3%
38900
269990
2.0%
0.7%
13.0%
40800
276333
1.5%
3.5%
10.5%
41200
269991
269992
3.8%
4.1%
11.0%
35200
269996
269997
2.1%
7.0%
15.1%
42800
343358
1.2%
0.4%
4.8%
50100
269999
1.3%
1.5%
2.8%
47100
270000
6.0%
15.7%
25.4%
59800
270001
270002
3.9%
2.7%
3.0%
34700
270005
270007
2.9%
7.5%
42.2%
72100
270008
274112
270009
270010
270012
270014
270016
5.5%
3.4%
-4.4%
36700
270017
270015
270020
270021
0.9%
-0.9%
2.6%
43800
270022
0.9%
2.8%
25.3%
55400
270023
270026
270028
270029
-1.4%
-2.3%
25.4%
54800
270031
270032
0.5%
0.0%
7.7%
44600
270033
4.5%
6.8%
10.0%
37500
270034
3.3%
4.7%
10.2%
44300
270039
1.9%
4.2%
25.3%
49100
270036
270037
4.1%
8.9%
18.2%
68200
270043
270044
270047
2.2%
5.9%
16.1%
269400
274958
2.4%
2.4%
19.4%
42400
270050
2.0%
2.9%
13.8%
46200
270051
275108
270052
270053
275194
1.3%
0.3%
2.6%
40000
270055
0.1%
-1.7%
11.8%
70800
270056
3.3%
4.4%
16.8%
59100
270057
5.7%
13.2%
20.6%
55700
270058
270064
-0.7%
-3.2%
5.7%
42800
270065
2.5%
-1.1%
-6.4%
36500
270066
270069
1.8%
0.8%
5.4%
39200
270070
270071
275889
270073
5.2%
6.8%
8.5%
34400
270074
270075
4.0%
2.1%
6.5%
34200
270079
270080
270083
270084
 
Zillow Home Value IndexY-o-Y
Detroit$41,9007.2%
Highland Park$48,5001.0%
Hazel Park$48,00022.1%
Ferndale$115,70029.3%
Pleasant Ridge$261,50012.0%
Oak Park$79,60026.1%
Mortgage Rates
 
Homes for Sale
  1. 6453 Northfield St, Detroit, MI Home For Sale
    6453 Northfield St, Detroit, MI 48210

     For Sale: $600

    • Beds: 3
    • Sqft: 876
    • Baths: 1.0
    • Lot: 3484
  2. 1426 Beaconsfield Ave, Grosse Pointe Park, MI Home For Sale
    1426 Beaconsfield Ave, Grosse Pointe Park, MI 48230

     For Sale: $109,900

    • Beds: 3
    • Sqft: 1426
    • Baths: 2.0
    • Lot: 3920
  3. 8237 Kentucky St, Detroit, MI Home For Sale
    8237 Kentucky St, Detroit, MI 48204

     For Sale: $17,500

    • Beds: 4
    • Sqft: 1920
    • Baths: 2.0
    • Lot: 4356
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