Detroit, MI Real Estate & Property Data

Detroit Real Estate Market Trends
Last Updated: March 19, 2024

Accurate and comprehensive real estate data is critical for insight into Detroit, MI. ATTOM’s Detroit real estate data is updated daily, and current market trends show that in Detroit, MI a total of 9,774 residential properties have sold over the past year. With a median home price of $117,100 in Detroit and a total of 61 foreclosures. Get detailed property data for Detroit, MI instantly. ATTOM is your one-stop-shop for the Detroit property reports and real estate data you need in Detroit, MI.

Detroit Real Estate Market Trends
Total Residential Properties 221,617
Total Commercial Properties 29,827
Avg. Home Age (Single Family Home) 87 Years
Avg. Square Feet (Single Family Home) 1,348
Total 2024 Residential Sales (year-to-date) 950
% of Homes Seriously Underwater (Q1 2024) 1.86%
Total 2023 Residential Sales 8,824
% of Equity Rich Homes (Q1 2024) 9.18%
Effective 2023 Property Tax 1.14%
Total Foreclosure Filings (year-to-date) 61
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Detroit, MI Real Estate Overview

There were 9,774 residential properties sold in the past year in Detroit, MI. The median home value in Detroit, MI is $73,283. There are a total of 221,617 residential properties in the Detroit.

Median Sales Price i
$117,100
(Jan 2024)
+0.1%
year-over-year
y-o-y
  • January '24 Jan '24 $117,100
  • December '23 Dec '23 $120,000
  • November '23 Nov '23 $99,500
  • October '23 Oct '23 $117,500
  • September '23 Sep '23 $119,000
  • August '23 Aug '23 $116,000
  • July '23 Jul '23 $130,000
  • June '23 Jun '23 $111,000
  • May '23 May '23 $118,000
  • April '23 Apr '23 $105,000
  • March '23 Mar '23 $105,000
  • February '23 Feb '23 $110,000
Median Down Payment i
$9,113
(Jan 2024)
+50.7%
year-over-year
y-o-y
  • January '24 Jan '24 $9,113
  • December '23 Dec '23 $15,375
  • November '23 Nov '23 $9,445
  • October '23 Oct '23 $8,999
  • September '23 Sep '23 $7,500
  • August '23 Aug '23 $9,497
  • July '23 Jul '23 $10,675
  • June '23 Jun '23 $5,942
  • May '23 May '23 $6,000
  • April '23 Apr '23 $4,833
  • March '23 Mar '23 $9,125
  • February '23 Feb '23 $7,300
Number of Homes Sold i
950
(Jan 2024)
+13.4%
year-over-year
y-o-y
  • January '24 Jan '24 950
  • December '23 Dec '23 462
  • November '23 Nov '23 780
  • October '23 Oct '23 629
  • September '23 Sep '23 745
  • August '23 Aug '23 851
  • July '23 Jul '23 725
  • June '23 Jun '23 852
  • May '23 May '23 860
  • April '23 Apr '23 711
  • March '23 Mar '23 782
  • February '23 Feb '23 589
Number of Purchase Loans i
400
(Jan 2024)
+58.7%
year-over-year
y-o-y
  • January '24 Jan '24 400
  • December '23 Dec '23 185
  • November '23 Nov '23 313
  • October '23 Oct '23 278
  • September '23 Sep '23 336
  • August '23 Aug '23 293
  • July '23 Jul '23 296
  • June '23 Jun '23 321
  • May '23 May '23 311
  • April '23 Apr '23 279
  • March '23 Mar '23 298
  • February '23 Feb '23 208
Number of REFI Loans i
314
(Jan 2024)
+18.9%
year-over-year
y-o-y
  • January '24 Jan '24 314
  • December '23 Dec '23 305
  • November '23 Nov '23 459
  • October '23 Oct '23 336
  • September '23 Sep '23 313
  • August '23 Aug '23 323
  • July '23 Jul '23 288
  • June '23 Jun '23 289
  • May '23 May '23 296
  • April '23 Apr '23 425
  • March '23 Mar '23 340
  • February '23 Feb '23 192
Number of HELOC Loans i
48
(Jan 2024)
-17.2%
year-over-year
y-o-y
  • January '24 Jan '24 48
  • December '23 Dec '23 39
  • November '23 Nov '23 52
  • October '23 Oct '23 50
  • September '23 Sep '23 66
  • August '23 Aug '23 75
  • July '23 Jul '23 63
  • June '23 Jun '23 68
  • May '23 May '23 64
  • April '23 Apr '23 63
  • March '23 Mar '23 59
  • February '23 Feb '23 46

Detroit, MI Real Estate Market Overview

Last 30 days
  • Zip
    Median Est. Value
  • Zip
    Median Est. Value
  • Zip
    Median Est. Value

Detroit, MI Foreclosure Activity

There were a total of 61 Detroit, MI properties with a foreclosure filing in January 2024. Lenders started the foreclosure process on 61 Detroit, MI properties and repossessed 513 Detroit, MI properties through completed foreclosures (REOs) in January 2024.

Total Foreclosure Filings i
61
(Jan 2024)
+10.9%
year-over-year
y-o-y
  • January '24 Jan '24 61
  • December '23 Dec '23 63
  • November '23 Nov '23 89
  • October '23 Oct '23 90
  • September '23 Sep '23 83
  • August '23 Aug '23 80
  • July '23 Jul '23 71
  • June '23 Jun '23 101
  • May '23 May '23 63
  • April '23 Apr '23 77
  • March '23 Mar '23 82
  • February '23 Feb '23 66
Foreclosure Starts i
61
(Jan 2024)
+10.9%
year-over-year
y-o-y
  • January '24 Jan '24 61
  • December '23 Dec '23 63
  • November '23 Nov '23 89
  • October '23 Oct '23 90
  • September '23 Sep '23 83
  • August '23 Aug '23 80
  • July '23 Jul '23 71
  • June '23 Jun '23 101
  • May '23 May '23 63
  • April '23 Apr '23 77
  • March '23 Mar '23 82
  • February '23 Feb '23 66
Completed Foreclosures (REOs) i
513
(Jan 2024)
-22.9%
year-over-year
y-o-y
  • January '24 Jan '24 513
  • December '23 Dec '23 36
  • November '23 Nov '23 116
  • October '23 Oct '23 25
  • September '23 Sep '23 24
  • August '23 Aug '23 26
  • July '23 Jul '23 21
  • June '23 Jun '23 29
  • May '23 May '23 33
  • April '23 Apr '23 10
  • March '23 Mar '23 29
  • February '23 Feb '23 48
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