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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.
Median days listed on Zillow
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Median days listed on Zillow

Mid-point of number of days homes in Detroit have been listed as active on Zillow.
Homes for sale on Zillow
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Homes for sale on Zillow

Total number of homes listed on Zillow that are for sale in Detroit.
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 $200 value/sq foot).
Median list price per sq. ft. ($)
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Median list price per 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 $200).
Median sale price per sq. ft. ($)
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Median sale price per sq. ft. ($)

Mid-point of Detroits sold prices when divided by the square footage of a home (e.g. a 1,000 sq ft home that sold for $200k has a sold price/sq ft of $200).
Median list-to-sale price ratio
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Median list-to-sale price ratio

Mid-point of the ratio between the list price and the sold price for all homes in Detroit (e.g. if a home with a list price of $250k sells for $200k, 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 (%)

The 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 (%)

The percentage of all homes in Detroit 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 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.

$58,600
-28.8% Y-o-Y

Calculated 11/02/2009^*
^*Includes data and transactions through 09/30/2009

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                <a href="_URL_" style="color:#36B;font-size:11px;line-height:13px;font-family:helvetica,arial,sans-serif;">More Detroit Home Values</a>
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RegionId	Region	M-o-M	Q-o-Q	Y-o-Y	Sep 2009
17762	Detroit	-2.2%	-4.8%	-28.8%	58600
269948	Alden Park	-3.3%	-10.1%	-37.8%	43500
269950	Art Center	-10.3%	-27.0%	-62.5%	49900
272832	Aviation Sub.	0.5%	0.5%	-18.4%	73300
272839	Bagley	0.6%	1.0%	-12.2%	90600
269952	Barton-McFarland	-0.1%	-1.2%	-25.8%	51300
276209	Belmont	-0.4%	-1.8%	-18.5%	68700
269954	Berg-Lasher	0.0%	-1.0%	-21.9%	70000
269956	Blackstone Park	-0.6%	-2.5%	-21.5%	64700
269958	Boynton	0.6%	0.6%	-28.4%	42400
269960	Briggs	-14.5%	-35.4%	-75.9%	23700
269961	Brightmoor	-1.6%	-5.6%	-30.7%	43300
276225	Brush Park	-6.6%	-18.6%	-47.6%	55500
269964	Carbon Works	-4.9%	-15.1%	-62.0%	20300
269965	Castle Rouge	0.5%	0.4%	-15.3%	67800
273209	Chaldean Town	-2.1%	-7.0%	-36.6%	49800
269966	Chandler Park	0.3%	0.2%	-18.7%	56500
269969	Conant Gardens	0.8%	1.6%	-22.0%	50700
273341	Conner Creek Ind
269971	Core City	-8.5%	-23.0%	-63.7%	24800
269972	Corktown	-6.1%	-17.5%	-55.7%	49600
269975	Detroit Golf	-0.3%	-2.1%	-25.2%	143000
269977	Downtown	-6.5%	-18.2%	-56.8%	44100
269978	East English Village	-0.7%	-2.8%	-22.1%	72400
269985	Eight Mile Wyoming	0.1%	-0.6%	-15.8%	54700
269986	Eliza Howell	0.1%	-0.7%	-18.7%	68400
269987	Elmwood Park	-7.6%	-21.7%	-60.4%	56400
269988	English Village	-8.2%	-23.1%	-73.2%	26100
269989	Fishkorn	0.6%	0.9%	-21.2%	52600
269990	Fitzgerald	-0.2%	-1.6%	-21.2%	58700
276333	Five Points	0.5%	0.6%	-13.0%	60700
269991	Forest Park	-13.8%	-34.5%	-76.2%	20700
269992	Franklin Park	0.1%	-0.7%	-21.8%	57100
269996	Gold Coast	-3.7%	-9.9%	-27.9%	130800
269997	Grandale	0.1%	-0.7%	-23.9%	49800
343358	Grandmont No.1	-0.9%	-3.7%	-25.4%	79900
269999	Grandmont-Rosedale	-0.2%	-1.4%	-18.9%	73100
270000	Green Acres	1.1%	2.6%	-12.2%	92800
270001	Greensbriar	-0.4%	-1.9%	-24.2%	50600
270002	Grixdale	0.9%	1.8%	-18.6%	49500
270005	Herman Gardens
270007	Hubbard-Richard	-7.7%	-21.7%	-66.9%	29600
270008	Indian Village	0.1%	-1.7%	-40.5%	94800
274112	Islandview	-7.6%	-21.2%	-63.5%	28700
270009	Jefferies	-6.1%	-17.4%	-58.9%	60000
270010	Jefferson Chalmers	-2.3%	-6.9%	-32.8%	52800
270012	Joseph Barry Subdivision	-0.1%	-2.5%	-40.1%	132800
270014	Kranz Woods	0.1%	-0.7%	-28.3%	45200
270016	LaSalle College Park	-0.3%	-1.7%	-26.2%	52800
270017	LaSalle Gardens	0.9%	1.2%	-25.8%	55900
270015	Lafayette Park	-2.7%	-8.9%	-41.0%	62700
270020	Marina District	-10.9%	-26.9%	-60.9%	58800
270021	Martin Park	-0.9%	-3.6%	-25.6%	65400
270022	McDougall-Hunt	-5.0%	-15.7%	-61.5%	28500
270026	Michigan-Martin	1.1%	2.3%	-30.8%	40900
270028	Midtown	-6.5%	-18.3%	-51.8%	72500
270029	Millenium Village	-6.8%	-19.3%	-63.6%	26300
270031	Milwaukee Junction	-9.0%	-23.8%	-58.1%	29500
270032	Minock Park	-0.4%	-2.3%	-22.2%	66700
270033	Mohican Regent	0.2%	-0.4%	-20.0%	63200
270034	Morningside	-0.5%	-2.3%	-22.1%	75700
270039	NW Goldberg	-4.4%	-13.3%	-53.8%	29900
270036	New Center	-0.1%	-1.7%	-27.9%	89000
270037	North Rosedale Park	0.3%	-0.1%	-20.7%	97600
270043	Oakwood Heights	-2.7%	-9.7%	-53.9%	25700
270044	Old Redford	0.5%	0.7%	-18.1%	67900
270047	Palmer Woods	0.7%	0.2%	-36.2%	196100
274958	Park	0.1%	-0.7%	-19.9%	69100
270050	Petosky-Otsego	-0.8%	-3.3%	-31.2%	43700
270051	Poletown East	-11.5%	-30.2%	-73.7%	18600
275108	Pulaski	-0.7%	-2.9%	-26.1%	51400
270052	Ravendale	0.9%	2.2%	-18.5%	54100
270053	Regent Park	-0.1%	-1.2%	-22.0%	62300
275194	Riverdale	0.7%	1.1%	-17.1%	59400
270055	Rivertown	-4.3%	-13.1%	-54.0%	97400
270056	Rosedale Park	-0.1%	-1.3%	-21.9%	90700
270057	Russell Woods	-0.6%	-2.8%	-24.2%	67200
270058	Sherwood Forest	-0.7%	-3.0%	-21.8%	168000
270064	Southwest Detroit	0.6%	0.3%	-41.8%	36300
270065	Springwells	1.0%	1.3%	-38.9%	35200
270066	State Fair Grounds
270069	The Eye	0.8%	1.7%	-6.8%	64800
270070	University District	0.7%	1.3%	-21.1%	128100
270071	Van Steuban	-0.7%	-3.0%	-29.2%	52600
275889	Virginia Park	0.4%	-0.0%	-31.1%	50800
270073	Warrendale	-0.1%	-1.0%	-19.3%	63000
270074	Wayne State	-11.1%	-28.5%	-64.5%	48300
270075	Weatherby	0.3%	-0.2%	-23.1%	51800
270079	West Side Industrial	-12.5%	-31.1%	-70.5%	47200
270080	West Village	-1.9%	-7.3%	-54.0%	43300
270083	Westwood Park	-0.9%	-3.7%	-25.9%	45600
270084	Woodbridge	-5.6%	-16.7%	-54.5%	44300

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Zillow Home Value Index		Y-o-Y
Detroit	$58,600	-28.8%
Highland Park	$64,200	-6.0%
Hamtramck	$66,700	3.2%
Hazel Park	$66,500	-21.3%
Ferndale	$88,600	-16.6%
Royal Oak Township	$64,900	-23.4%

Average Rates	Today	Last Week
30 Year Fixed	4.66%	4.66%
15 Year Fixed	4.24%	4.22%

15 year fixed, ...	4.75%	2 min ago
30 year fixed	4.50%	2 min ago
30 year fixed	4.25%	2 min ago
15 year fixed, ...	4.50%	2 min ago
30 year fixed	4.62%	2 min ago
30 year fixed	4.62%	2 min ago
30 year fixed	4.50%	2 min ago
30 year fixed	4.25%	2 min ago
7/0 ARM	5.00%	2 min ago
7/1 ARM, Jumbo	4.88%	2 min ago
15 year fixed, ...	4.38%	2 min ago
10 year fixed	4.25%	2 min ago
30 year fixed	4.75%	2 min ago
10 year fixed	4.25%	2 min ago
30 year fixed	4.62%	2 min ago
10 year fixed	4.25%	2 min ago
30 year fixed	4.62%	2 min ago
30 year fixed	4.62%	2 min ago
10 year fixed	4.00%	2 min ago
30 year fixed	4.50%	2 min ago
10 year fixed	4.12%	2 min ago
30 year fixed	4.75%	2 min ago
10 year fixed	4.12%	2 min ago
30 year fixed	4.62%	2 min ago
30 year fixed	4.88%	2 min ago
30 year fixed	4.75%	2 min ago
15 year fixed, ...	4.50%	2 min ago
15 year fixed, ...	4.50%	2 min ago
30 year fixed (FHA ...	4.88%	2 min ago
5/1 ARM	3.75%	2 min ago
30 year fixed	4.38%	2 min ago
30 year fixed	4.75%	2 min ago
5/1 ARM	3.62%	2 min ago
30 year fixed	4.62%	2 min ago
30 year fixed	4.50%	2 min ago
30 year fixed	4.75%	2 min ago
30 year fixed	4.62%	2 min ago
30 year fixed	4.75%	2 min ago
30 year fixed	4.62%	2 min ago
30 year fixed	4.88%	2 min ago
30 year fixed	4.50%	2 min ago
30 year fixed	4.75%	2 min ago
30 year fixed	4.38%	2 min ago
30 year fixed	4.62%	2 min ago
30 year fixed	4.25%	2 min ago
30 year fixed	4.75%	2 min ago
10 year fixed	4.25%	2 min ago
30 year fixed	4.62%	2 min ago
5/1 ARM	3.75%	2 min ago

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Detroit Home Prices and Home Values

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Median value per sq. ft. ($)

Median list price per sq. ft. ($)

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Median price cut (%)

Sold for loss (%)

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Foreclosure re-sales (%)

Increasing values (%)

Decreasing values (%)

Sold in past year (%)

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Detroit Home Prices and Home Values

Zillow Home Value Index

Median list price ($)

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Median days listed on Zillow

Homes for sale on Zillow

Total homes sold

Median value per sq. ft. ($)

Median list price per sq. ft. ($)

Median sale price per sq. ft. ($)

Median list-to-sale 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.

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