McGregor Memorial Conference Center · Photo: Matt Joseph · CC BY-SA 4.05,818 homes sold in Detroit in the last year, at a typical $98K
Almost every sale is a house. Below: what each kind of home sells for, what your budget buys, the best months to buy, how hard you’ll have to bid, and a shortcut to every site where Detroit homes are listed.
Every place Detroit homes are listed, in one stop
We don’t copy listings: the agents’ sites have the photos and the latest price changes. Set what you want once and we open each site already filtered to Detroit.
For sale
Rent
New, land & open houses
Links open the listing sites; TownRatings isn’t paid for them and doesn’t rank one above another. Rentals and government-owned homes come from sources outside the MLS.
5% of Detroit’s sales are condos, at $151K more than a house
4945 houses and 311 condos sold in the year to May 2026. Houses sell faster and draw more bidding wars.
typical sale · 4945 sold in 12 months
- Per square foot
- $75MI $172
- Days to sell
- 51
- Sold over asking
- 26%
- Listings with a price cut
- 25%
typical sale · 311 sold in 12 months
- Per square foot
- $190MI $190
- Days to sell
- 83
- Sold over asking
- 7%
- Listings with a price cut
- 23%
Multi-family (2–4 units): 562 sold, typical $121K
Too few sales in 12 months for reliable figures.
About as many homes sell as usual, at 4.6 times the 2016 price
5,818 sales in the last year, against 6,754 in 2024 and a low of 4,168 in 2015. The typical sale went from $21K in 2016 to $98K.
Source: Redfin Data Center, MLS sales. Typical price and $/sq ft are the monthly medians, weighted by sales.
What $150K buys in Detroit
Check a listing against what Detroit homes sold for
Against the town’s median price per square foot over the last 12 months. A rough check: condition, lot and location within town move a price more than this can see.
Bidding wars in Detroit are back to pre-pandemic levels, and more homes are for sale
We read every month of Detroit’s home sales since 2013 so you don’t have to. Each figure covers 12 months, because a single month in a town is too few sales to mean much. Latest: the year to May 2026, 5,818 sales.
If you’re buying in Detroit
- Shop in March. It brings about 729 new listings a month, close to the busiest month, with fewer bidding wars (21% over asking).
- You can negotiate. 25% of listings have cut their price, against 19% before the pandemic.
- Offer under asking. Buyers paid 95.2% of the list price on average; 24% paid over.
- You’ll usually have time. Only 23% of homes go under contract within two weeks; the typical one takes 54 days.
Summer brings the homes; spring brings the bidding wars
August has the most new listings (about 847 a month), but May is the most competitive: 25% of May sales close over asking. March and April offer nearly as much choice with fewer homes bid up (21%). February has the least competition (21%).
Averages for each calendar month, 2015 on.
Nearly as heated as 2021, and calmer than Michigan
| Detroit now | 2017–19 | 2021 peak | MI now | |
|---|---|---|---|---|
| Sold over askingShare of sales that closed above the list price | 24% | 20% | 27% | 31% |
| Gone within two weeksShare of homes under contract within 14 days | 23% | 28% | 39% | 43% |
| Listings with a price cutShare of homes for sale that cut their price | 25% | 19% | 16% | 28% |
| Price paid vs. askingAverage sale price ÷ list price | 95.2% | 94.4% | 96.3% | 98.4% |
| Days to sellMedian days from listing to contract | 54 | 40 | 33 | 33 |
2994 homes for sale on a typical day
That’s 1.9 times the 2021 low (1609) and 41% more than in 2017–19.
1 in 4 listings has cut its price
25% in the last year, against 19% in 2017–19 and 28% across Michigan. More sellers are pricing high and coming down.
Since 2019, houses are up 124%, condos -1%
A house typically sold for $92K in the last year (4945 sales), a condo for $244K (311).
Median sale price, weighted by sales each month. Years with fewer than 4 sales of a type are left out.
Detroit ranks 159th of 194 busy Michigan markets for bidding wars
Share of sales over asking in the last year, among towns with 60 or more sales. Detroit is one of the state’s calmer markets.
Source: Redfin Data Center, city market tracker, January 2013 to May 2026 (MLS sales, not seasonally adjusted). Ratios are weighted by homes sold; price cuts by homes for sale.
Owning the typical Detroit home costs about $648 a month
Price: Detroit’s typical sale, last 12 months. Property tax at Detroit’s 1.7% (median bill ÷ median value, Census ACS); insurance at 0.35% of price a year. Before PMI, HOA dues, upkeep and the tax deduction. Whether Detroit is affordable on local pay is on Cost of living.
Six things worth knowing
New listings in August
The month with the most choice. December has the fewest, about 577.
Best time to buyProperty tax, a year
Of a home’s value: the median bill over the median home value. On a $98K home, about $1,640 a year.
Taxes vs. neighborsSchools
The schools grade for Detroit, from test results, graduation and how much students grow.
Schools in DetroitCheck the flood map
Flood insurance isn’t in a standard policy, and lenders require it in FEMA flood zones. Check the address before you make an offer.
Natural hazardsLook up any property
Assessed value, lot size and every past sale of a home you’re eyeing are public, at the town or county assessor and the registry of deeds.
Highland Park sells for less a square foot; Hamtramck, Hazel Park, Ferndale, Pleasant Ridge and Oak Park for far more
The busier markets within 25 miles of Detroit, by what sold. Prices, taxes and how far a paycheck goes next door are on Cost of living.
| Sold | Typical sale | $/sq ft | Over asking | Days to sell | |
|---|---|---|---|---|---|
| Detroit | 5,818 | $98K | $74 | 24% | 54 |
| Ferndale | 407 | $272K | $228 | 37% | 26 |
| Oak Park | 311 | $237K | $173 | 37% | 29 |
| Hazel Park | 264 | $171K | $160 | 31% | 29 |
| Hamtramck | 115 | $222K | $148 | 18% | 30 |
| Highland Park | 59 | $98K | $51 | 17% | 77 |
| Pleasant Ridge | 37 | $516K | $267 | 38% | 25 |
Redfin Data Center, June 2025 to May 2026. Towns with fewer than 20 sales are left out, and Redfin doesn’t report every town separately.
Post your home to Detroit, free
Selling it yourself, renting out an apartment or looking for a roommate? Post it to Detroit. People who follow the town see it, and so do people comparing Detroit with their own town. No commission, no listing fee.
Questions about buying a home in Detroit
What do homes sell for in Detroit, MI?
5,818 homes sold in the year to May 2026 at a typical $98K, $74 a square foot. Houses sold for about $92K, condos for about $244K.
Is Detroit a buyer’s or seller’s market?
A buyer’s market: 2828 homes were for sale in May 2026 and 407 sold, about 6.9 months of supply. Buyers paid 95.2% of asking on average, and 25% of listings cut their price.
When is the best time to buy in Detroit?
August brings the most new listings. The sales history shows which months have fewer bidding wars.
How much are property taxes in Detroit?
About 1.7% of a home’s value a year. On a $98K home that’s near $1,640.
Where can I see homes for sale in Detroit?
Zillow, Redfin, Realtor.com and Homes.com all carry Detroit’s MLS listings; the search links above open each one filtered to Detroit.
Sales, prices, days on market and listings: Redfin Data Center (MLS, monthly, not seasonally adjusted). Property tax rate: Census American Community Survey. Two-bedroom rent: HUD Fair Market Rent. Typical home value: Zillow Home Value Index. Schools grade: TownRatings (how grades work).