Detroit - MI housing market

The typical home value ($270,370) is the Zillow Home Value Index for the Detroit - MI metro area: a smoothed, seasonally adjusted estimate of the typical value for middle-tier homes (33rd to 67th percentile) across single-family and condo properties.

Prices are up 2.3% over the past year. In Detroit - MI, that means a home worth $264,291 last year is now worth roughly $270,370.

The median sale price, what homes actually close for, is $268,143. Homes are selling at 99.8% of list price, meaning buyers have room to negotiate.

Homes listed in Detroit - MI sit on the market for roughly 11 days before going pending. Shorter = seller's market; longer = buyer's market.

About 25.7% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.

Roughly 6,192 new listings hit the market each month in Detroit - MI. There are currently 15,286 homes for sale, up 10.6% from a year ago.

The typical monthly rent in Detroit - MI is $1,531, up 3.7% year over year. On the Rent vs Buy Index that is a price-to-rent ratio of 14.7x, buying territory (#155 of 195 metros). The mortgage on a typical home here, 20% down at today's 6.66% 30-year rate, runs about $1,390 a month in principal and interest, $141 less than renting before taxes, insurance and upkeep. The two break even at a 7.63% rate.

What's not on this page

This is market-level data, not property-level. We don't list individual homes for sale. For that, go to Zillow, Redfin, or your local MLS.

Data: Zillow Research (ZHVI and market indicators), refreshed monthly at the source. This page was rebuilt September 2026. Methodology →