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City / Town Overview

Detroit, MI

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

Market Analysis

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

The Detroit, MI real estate market currently shows 3,221 active listings, with 832 pending sales. Homes are averaging 55.3 days on the market before going under contract.

Inventory has increased compared to last year, with 267 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 55.3 days on market compared to 51.8 days last year.

The median listing price has fallen 5.1% year-over-year, from $132,764 to $125,993.

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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: 48211, 48213, 48215, 48222, 48223, 48242, 48243, 48244, 48265, 48272, 48275, 48277

Greektown: 48226, 48231, 48255, 48264, 48267, 48268, 48269

West Side Industrial Park: 48232, 48233, 48260

New Center: 48202, 48208

Chinatown: 48201

Nardin Park: 48204

Franklin: 48205

Jamieson: 48206

Islandview: 48207

Delray: 48209

Claytown: 48210

East Village: 48214

Hubbard Richard: 48216

Boynton: 48217

Area Map

Market Overview

Active Listings
3,221
⇧ 9% vs 2,954 last year
Pending
832
26% pending ratio
Median Price
$125,993
⇩ 5.1% vs $132,764 last year
Average Price
$144,893
⇩ 5.3% vs $152,939 last year
Days on Market
55.3
⇧ 6.8% vs 52 days last year

Price Per Square Foot

Median $/sqft
$101
⇩ 3% vs $104/sqft last year
Median Home Size
1,234 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 %