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City / Town Overview

Detroit, MI

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

Market Analysis

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

The Detroit, MI real estate market currently shows 3,174 active listings, with 771 pending sales. Homes are averaging 61.1 days on the market before going under contract.

Inventory has increased compared to last year, with 329 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 61.1 days on market compared to 60.9 days last year.

The median listing price has fallen 4.7% year-over-year, from $132,130 to $125,948.

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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, 48205, 48206, 48210, 48211, 48213, 48215, 48216, 48217, 48221, 48222, 48223

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

West Side Industrial Park: 48232, 48233, 48260

New Center: 48202, 48208

Nardin Park: 48204

Islandview: 48207

Delray: 48209

East Village: 48214

Holcomb Community: 48219

Yorkshire Woods: 48224

Plymouth-Hubbell: 48227

Grant: 48234

Winship: 48235

Rivertown: 48266

Area Map

Market Overview

Active Listings
3,174
⇧ 11.6% vs 2,845 last year
Pending
771
24% pending ratio
Median Price
$125,948
⇩ 4.7% vs $132,130 last year
Average Price
$144,818
⇩ 3.1% vs $149,423 last year
Days on Market
61.1
⇧ 0.3% vs 61 days last year

Price Per Square Foot

Median $/sqft
$102
⇩ 1.4% vs $103/sqft last year
Median Home Size
1,229 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 %