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Detroit, MI Real Estate & Property Data

Last Updated: April 22, 2025

Accurate and comprehensive real estate data is critical for insight into Detroit, MI. ATTOM’s Detroit real estate data is updated daily, and current market trends show that in Detroit, MI a total of 9,998 residential properties have sold over the past year. With a median home price of $108,000 in Detroit and a total of 86 foreclosures. Get detailed property data for Detroit, MI instantly. ATTOM is your one-stop-shop for the Detroit property reports and real estate data you need in Detroit, MI.

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Total Residential Properties 217,673

Total Commercial Properties 32,547

Avg. Home Age (Single Family Home) 87 Years

Avg. Square Feet (Single Family Home) 1,270

Total 2025 Residential Sales (year-to-date) 1,634

% of Homes Seriously Underwater (Q2 2025) 2.35%

Total 2024 Residential Sales 9,337

% of Equity Rich Homes (Q2 2025) 10.1%

Effective 2024 Property Tax 1.28%

Total Foreclosure Filings (year-to-date) 192

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Detroit, MI Real Estate Overview

There were 9,998 residential properties sold in the past year in Detroit, MI. The median home value in Detroit, MI is $78,323. There are a total of 217,673 residential properties in the Detroit.

Median Sales Price i

$108,000

(Feb 2025)

-1.6%

year-over-year

y-o-y

List Graph

1 year 3 years

5 years

February '25 Feb '25 $108,000
January '25 Jan '25 $125,000
December '24 Dec '24 $120,000
November '24 Nov '24 $129,950
October '24 Oct '24 $112,000
September '24 Sep '24 $109,000
August '24 Aug '24 $105,000
July '24 Jul '24 $110,000
June '24 Jun '24 $113,500
May '24 May '24 $124,000
April '24 Apr '24 $110,000
March '24 Mar '24 $114,000

Median Down Payment i

$7,660

(Feb 2025)

+10.8%

year-over-year

y-o-y

List Graph

1 year 3 years

5 years

February '25 Feb '25 $7,660
January '25 Jan '25 $10,273
December '24 Dec '24 $13,500
November '24 Nov '24 $8,890
October '24 Oct '24 $13,037
September '24 Sep '24 $8,662
August '24 Aug '24 $6,550
July '24 Jul '24 $8,600
June '24 Jun '24 $5,823
May '24 May '24 $5,943
April '24 Apr '24 $6,114
March '24 Mar '24 $6,750

Number of Homes Sold i

747

(Feb 2025)

-6%

year-over-year

y-o-y

List Graph

1 year 3 years

5 years

February '25 Feb '25 747
January '25 Jan '25 887
December '24 Dec '24 632
November '24 Nov '24 713
October '24 Oct '24 805
September '24 Sep '24 770
August '24 Aug '24 755
July '24 Jul '24 792
June '24 Jun '24 812
May '24 May '24 800
April '24 Apr '24 789
March '24 Mar '24 701

Number of Purchase Loans i

362

(Feb 2025)

-6.7%

year-over-year

y-o-y

List Graph

1 year 3 years

5 years

February '25 Feb '25 362
January '25 Jan '25 450
December '24 Dec '24 344
November '24 Nov '24 361
October '24 Oct '24 462
September '24 Sep '24 351
August '24 Aug '24 391
July '24 Jul '24 385
June '24 Jun '24 385
May '24 May '24 362
April '24 Apr '24 319
March '24 Mar '24 250

Number of REFI Loans i

336

(Feb 2025)

+3.7%

year-over-year

y-o-y

List Graph

1 year 3 years

5 years

February '25 Feb '25 336
January '25 Jan '25 443
December '24 Dec '24 371
November '24 Nov '24 337
October '24 Oct '24 395
September '24 Sep '24 369
August '24 Aug '24 343
July '24 Jul '24 416
June '24 Jun '24 325
May '24 May '24 449
April '24 Apr '24 298
March '24 Mar '24 235

Number of HELOC Loans i

(Feb 2025)

+72.2%

year-over-year

y-o-y

List Graph

1 year 3 years

5 years

February '25 Feb '25 62
January '25 Jan '25 51
December '24 Dec '24 62
November '24 Nov '24 58
October '24 Oct '24 73
September '24 Sep '24 78
August '24 Aug '24 102
July '24 Jul '24 99
June '24 Jun '24 63
May '24 May '24 65
April '24 Apr '24 58
March '24 Mar '24 54

Detroit, MI Real Estate Market Overview

Last 30 days

Zip

Median Est. Value
Zip

Median Est. Value
Zip

Median Est. Value

48201

$112,524 $36.91/sqft
48202

$167,100 $74.72/sqft
48204

$61,575 $47.12/sqft
48205

$61,298 $55.6/sqft
48206

$117,573 $62.54/sqft
48207

$87,295 $50.49/sqft
48208

$89,036 $52.38/sqft
48209

$79,783 $59.84/sqft
48210

$69,674 $54.71/sqft
48211

$66,170 $47.66/sqft
48213

$48,344 $37.16/sqft
48214

$87,610 $50.85/sqft
48215

$135,578 $92.63/sqft
48216

$78,323 $61.65/sqft
48217

$62,264 $60.56/sqft
48219

$96,289 $84.29/sqft
48221

$155,604 $96.65/sqft
48223

$108,458 $88.27/sqft
48224

$82,793 $67.09/sqft
48226

$123,950 $71.8/sqft
48227

$70,047 $55.96/sqft
48228

$69,068 $69.01/sqft
48234

$60,256 $56.45/sqft
48235

$101,838 $84/sqft
48238

$59,371 $43.74/sqft
48242

$435,600
48243
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Detroit, MI Foreclosure Activity

There were a total of 86 Detroit, MI properties with a foreclosure filing in February 2025. Lenders started the foreclosure process on 86 Detroit, MI properties and repossessed 31 Detroit, MI properties through completed foreclosures (REOs) in February 2025.

Total Foreclosure Filings i

(Feb 2025)

+34.4%

year-over-year

y-o-y

List Graph

1 year 3 years

5 years