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.
  • $41,200
  • 4.8%Y-o-Y
  • Calculated 03/17/2014*
  • *Includes data and transactions through 02/28/2014
 
 
 
 
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This data is not available for Detroit.

RegionId
Region
M-o-M
Q-o-Q
Y-o-Y
Feb 2014
17762
0.7%
2.2%
4.8%
41200
269948
269950
272832
-0.3%
1.3%
10.6%
39700
272839
269952
1.1%
0.8%
15.3%
38400
276209
269954
-1.3%
-2.5%
6.8%
39200
269956
-0.7%
1.8%
21.3%
39900
269958
-0.7%
-0.5%
4.1%
40300
269960
269961
1.4%
4.5%
8.2%
42200
276225
269964
1.1%
-1.7%
-5.8%
45600
269965
273209
0.3%
-2.8%
-7.1%
35100
269966
0.8%
-1.9%
-0.3%
35600
269969
-0.6%
-3.7%
-5.6%
33400
273341
269971
269972
269975
269977
269978
-0.2%
-0.2%
4.4%
44900
269985
-0.8%
1.3%
25.3%
38600
269986
1.8%
10.0%
17.3%
38600
269987
269988
269989
0.3%
2.3%
6.5%
39500
269990
-0.5%
1.0%
11.5%
40700
276333
-0.8%
-0.3%
-8.0%
39300
269991
269992
0.3%
2.4%
6.9%
34100
269996
269997
1.0%
3.1%
7.1%
39300
343358
1.0%
2.9%
9.5%
49500
269999
0.2%
0.0%
5.7%
46300
270000
0.2%
-0.4%
6.8%
50300
270001
270002
-0.9%
-1.2%
3.3%
34200
270005
270007
1.5%
4.5%
20.3%
62700
270008
274112
270009
270010
270012
270014
270016
-1.6%
-4.2%
-5.7%
36200
270017
-0.8%
-4.3%
-1.0%
62000
270015
270020
270021
-0.2%
-1.1%
-0.7%
44200
270022
3.3%
8.2%
9.9%
50000
270023
270026
270028
270029
2.8%
7.6%
8.8%
50800
270031
270032
0.2%
0.7%
7.8%
44400
270033
-0.6%
0.6%
2.4%
34400
270034
0.5%
-0.7%
-2.6%
41800
270039
2.1%
4.6%
2.6%
43300
270036
270037
0.2%
0.8%
7.1%
62000
270043
270044
270047
-0.7%
3.0%
20.3%
246900
274958
2.5%
11.2%
20.4%
40700
270050
1.4%
4.6%
4.1%
43100
270051
275108
270052
270053
275194
-0.2%
0.0%
2.3%
40200
270055
0.3%
2.4%
17.7%
67900
270056
0.4%
2.7%
16.8%
56200
270057
0.6%
2.1%
7.4%
47900
270058
-1.4%
-0.3%
5.4%
116400
270064
0.9%
5.0%
5.5%
43800
270065
1.4%
2.5%
-8.4%
37000
270066
270069
-0.8%
-1.0%
2.6%
39200
270070
2.1%
5.2%
7.0%
80800
270071
275889
1.6%
0.7%
2.3%
44100
270073
-0.9%
-0.3%
-7.0%
32100
270074
270075
0.6%
3.0%
1.5%
34400
270079
270080
270083
270084
3.9%
11.0%
12.7%
66400
 
Zillow Home Value IndexY-o-Y
Detroit$41,2004.8%
Highland Park$44,900-9.5%
Hazel Park$44,60023.2%
Ferndale$105,00028.0%
Pleasant Ridge$254,50012.6%
Oak Park$74,90026.1%
Mortgage Rates
 
Homes for Sale
  1. 15910 Evanston St, Detroit, MI Home For Sale
    15910 Evanston St, Detroit, MI 48224

     For Sale: $7,490

    • Beds: 3
    • Sqft: 1505
    • Baths: 2.0
    • Lot: 3484
  2. 953 Mayburn St, Dearborn, MI Home For Sale
    953 Mayburn St, Dearborn, MI 48128

     For Sale: $150,000

    • Beds: 3
    • Sqft: 1235
    • Baths: 2.0
    • Lot: 5663
  3. 15916 Bringard Dr, Detroit, MI Home For Sale
    15916 Bringard Dr, Detroit, MI 48205

     For Sale: $21,000

    • Beds: 3
    • Sqft: 857
    • Baths: 1.0
    • Lot: 4356