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City / Town Overview

Detroit, MI

Aggregate real estate market report across all ZIPs in scope
Buyer's Market
September 2026  ·  Source: Realtor.com

Market Analysis

Data as of September 2026. Source: Realtor.com.

The Detroit, MI real estate market currently shows 3,503 active listings, with 840 pending sales. Homes are averaging 62.7 days on the market before going under contract.

Inventory has increased compared to last year, with 4 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 62.7 days on market compared to 53.8 days last year.

The median listing price has risen 0.3% year-over-year, from $126,659 to $127,097.

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Market Context

Market Context

Population: 601,191  ·  Density: 2,010.9/mi²  ·  Median household income: $37,765

Typical home value: $88,136  ·  Homeownership: 49.5%

Included Areas

Detroit: 48201, 48202, 48204, 48205, 48206, 48207, 48208, 48209, 48210, 48211, 48213, 48215

Greektown: 48255, 48267, 48268, 48269

West Side Industrial Park: 48233, 48260

East Village: 48214

Boynton: 48217

Yorkshire Woods: 48224

Plymouth-Hubbell: 48227

Warrendale: 48228

Dexter-Fenkell: 48238

Area Map

Market Overview

Active Listings
3,503
⇧ 0.1% vs 3,499 last year
Pending
840
24% pending ratio
Median Price
$127,097
⇧ 0.3% vs $126,659 last year
Average Price
$146,641
⇧ 0.2% vs $146,315 last year
Days on Market
62.7
⇧ 16.5% vs 54 days last year

Price Per Square Foot

Median $/sqft
$102
⇧ 0.7% vs $101/sqft last year
Median Home Size
1,254 sqft
Typical listing size
12-Month $/sqft Trend

12-Month Trends

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %