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.
  • $41,700
  • 4.8%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.

RegionId
Region
M-o-M
Q-o-Q
Y-o-Y
Jul 2014
17762
-0.5%
1.0%
4.8%
41700
269948
269950
272832
2.0%
11.3%
24.0%
45400
272839
269952
-0.2%
6.4%
11.8%
39900
276209
-1.5%
-3.6%
2.5%
40400
269954
269956
-0.3%
-1.8%
8.2%
38100
269958
0.3%
0.0%
-1.8%
39300
269960
269961
0.2%
1.9%
9.8%
42700
276225
269964
-5.1%
-16.0%
-24.1%
38800
269965
273209
269966
1.1%
7.7%
4.7%
37900
269969
1.7%
9.4%
5.9%
36100
273341
269971
269972
269975
269977
269978
1.1%
3.5%
7.6%
46700
269985
1.3%
4.4%
14.3%
37600
269986
269987
269988
269989
0.2%
2.3%
3.1%
40400
269990
-0.5%
0.5%
8.3%
40300
276333
1.0%
2.8%
7.3%
41000
269991
269992
0.6%
4.5%
5.1%
34900
269996
269997
1.6%
6.6%
13.0%
43600
343358
-0.4%
3.0%
6.4%
51500
269999
-1.5%
-2.8%
-5.9%
44500
270000
3.7%
11.4%
20.9%
59600
270001
270002
1.7%
6.6%
2.6%
35400
270005
270007
-3.4%
-14.4%
5.8%
56900
270008
274112
270009
270010
270012
270014
270016
0.8%
6.6%
-3.9%
36900
270017
6.4%
6.7%
-4.8%
66900
270015
270020
270021
-0.9%
-0.2%
0.5%
43500
270022
-2.1%
-11.9%
3.0%
47400
270023
270026
270028
270029
-2.6%
-10.3%
5.5%
48000
270031
270032
270033
2.6%
10.8%
12.1%
38900
270034
2.0%
9.2%
11.5%
46400
270039
2.9%
9.3%
31.8%
53100
270036
270037
2.2%
10.5%
19.4%
70300
270043
270044
270047
-0.1%
5.9%
14.2%
276500
274958
2.4%
12.2%
29.3%
46800
270050
0.4%
0.4%
9.5%
45100
270051
275108
270052
270053
1.4%
6.4%
3.4%
36800
275194
-0.2%
2.8%
2.3%
40600
270055
270056
2.2%
13.1%
24.1%
64800
270057
-0.2%
-1.0%
2.5%
48800
270058
270064
-2.6%
-4.6%
0.2%
41600
270065
-1.1%
-1.7%
-11.1%
35100
270066
270069
2.5%
7.0%
9.0%
41100
270070
-0.9%
7.3%
26.2%
93900
270071
275889
2.8%
6.6%
20.1%
51400
270073
-0.6%
1.9%
-0.3%
32400
270074
270075
0.0%
2.1%
1.2%
33300
270079
270080
270083
270084
-2.1%
-9.1%
7.9%
64200
 
Zillow Home Value IndexY-o-Y
Detroit$41,7004.8%
Highland Park$51,0005.2%
Hazel Park$47,40015.9%
Ferndale$110,80018.1%
Pleasant Ridge$269,40013.3%
Oak Park$79,40021.0%
Mortgage Rates
 
Homes for Sale
  1. 4767 Middlesex St, Dearborn, MI Home For Sale
    4767 Middlesex St, Dearborn, MI 48126

     For Sale: $29,900

    • Beds: 0
    • Sqft: 1525
    • Baths: --
    • Lot: 4356
  2. 9433 Brombach St, Hamtramck, MI Home For Sale
    9433 Brombach St, Hamtramck, MI 48212

     For Sale: $59,900

    • Beds: 0
    • Sqft: 3556
    • Baths: 2.0
    • Lot: --
  3. 6511 Kingsbury St, Dearborn Heights, MI Home For Sale
    6511 Kingsbury St, Dearborn Heights, MI 48127

     For Sale: $99,900

    • Beds: 3
    • Sqft: 1020
    • Baths: 2.0
    • Lot: 5663
Coming Soon
  1. 6425 Bingham St, Dearborn, MI ComingSoon Home
    6425 Bingham St, Dearborn, MI 48126

     Coming Soon: $119K

    • Beds: 3
    • Sqft: 1008
    • Baths: 2.0
    • Lot: 4792
  2. 1247 Berkshire Rd, Grosse Pointe Park, MI ComingSoon Home
    1247 Berkshire Rd, Grosse Pointe Park, MI 48230

     Coming Soon: $450K

    • Beds: 4
    • Sqft: 2850
    • Baths: 3.5
    • Lot: 13503
Home Design Ideas and Photos