Detroit Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $32,500
    7% ( $2,400 ) vs Sep 2016
  • Median Sales Price
    $32,000
    7% ( $2,000 ) vs Sep 2016
  • Median Foreclosure Sales Price
    $16,000
    21% ( $2,800 ) vs Sep 2016
  • Foreclosures 5,049
    Homes for Sale 923
    Recently Sold 3,634

Market Summary

There are currently 5,049 properties in Detroit, MI that are in some stage of foreclosure (default, auction or bank owned) while the number of homes listed for sale on RealtyTrac is 923.

In October, the number of properties that received a foreclosure filing in Detroit, MI was 41% lower than the previous month and 57% lower than the same time last year.

Home sales for September 2017 were up 776% compared with the previous month, and down 58% compared with a year ago. The median sales price of a non-distressed home was $32,000. The median sales price of a foreclosure home was $16,000, or 50% lower than non-distressed home sales.

Sales Prices - Detroit, MI




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$16,000 (Median Foreclosure Sales Price) $13,200 (Median Foreclosure Sales Price) $0 (Median Foreclosure Sales Price) $0 (Median Foreclosure Sales Price) $15,300 (Median Foreclosure Sales Price) $12,815 (Median Foreclosure Sales Price) $32,000 (Median Sales Price) $30,000 (Median Sales Price) $28,000 (Median Sales Price) $27,150 (Median Sales Price) $27,523 (Median Sales Price) $27,500 (Median Sales Price) $16,000 (Median Foreclosure Sales Price) $13,200 (Median Foreclosure Sales Price) $0 (Median Foreclosure Sales Price) $0 (Median Foreclosure Sales Price) $15,300 (Median Foreclosure Sales Price) $12,815 (Median Foreclosure Sales Price) $32,000 (Median Sales Price) $30,000 (Median Sales Price) $28,000 (Median Sales Price) $27,150 (Median Sales Price) $27,523 (Median Sales Price) $27,500 (Median Sales Price)
Interested in more detailed data or historic trends back to 2005?
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Nearby Cities

Metro Total Sales Median Sales Price Foreclosure Savings
Highland Park
101
63.8
% (y-o-y)
$43,500
460.1
% (y-o-y)
Data not available
Warren
78
25.7
% (y-o-y)
$91,000
11.2
% (y-o-y)
35.7%
71.4
% (y-o-y)
Redford
56
28.2
% (y-o-y)
$78,601
9.2
% (y-o-y)
19.3%
38.9
% (y-o-y)
Southfield
45
36.4
% (y-o-y)
$120,000
14.3
% (y-o-y)
Data not available
Hamtramck
42
56.3
% (y-o-y)
$62,000
47.6
% (y-o-y)
Data not available
Eastpointe
42
31.3
% (y-o-y)
$65,250
0.4
% (y-o-y)
35.0%
21.5
% (y-o-y)
Dearborn
40
29.8
% (y-o-y)
$130,000
12.4
% (y-o-y)
Data not available
Saint Clair Shores
39
33.9
% (y-o-y)
$140,000
13.8
% (y-o-y)
Data not available
Ecorse
34
47.7
% (y-o-y)
$39,900
94.6
% (y-o-y)
Data not available
River Rouge
33
38.9
% (y-o-y)
$25,000
0.0
% (y-o-y)
Data not available

Local Info For Detroit

Population:
759,340
Cost of Living Index: 92.17
Crime Index: 509.08     Rating: F View crime details
Schools: 180    Average School Rating: D View individual school rating
Household Median Income: $28,357
Unemployment: 7.80%
Percentage of vacant homes: 25.75%

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