Detroit, Michigan housing market as of May 2025, designed for quick reference and citation by journalists and researchers.
🏡 Detroit Housing Market Stats – May 2025
📌 Key Statistics
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Median Home Sale Price: $100,000 (+12.4% YoY)
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Average Home Value: $78,028 (+1.9% YoY) Leslie W. Brownlee+7Redfin+7Rocket+7Zillow+1Zillow+1
📊 Market Metrics
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Median List Price: $103,000
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Median Sale Price: $76,633
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Median Price per Sq Ft: $70
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Median Days to Pending: 30 days
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Median Days on Market: 49 days
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Sale-to-List Price Ratio: 0.968
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Homes Sold Over List Price: 24.5%
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Homes Sold Under List Price: 58.5% Redfin+7Zillow+7Zillow+7Geneva Financial+5Zillow+5Zillow+5Wikipedia+18LinkedIn+18Geneva Financial+18Geneva Financial+5Leslie W. Brownlee+5Norada Real Estate+5Wikipedia
🏘️ Inventory & Sales
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Homes for Sale: 2,925
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New Listings (April 2025): 712
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Homes Sold (April 2025): 507 (↓13.6% YoY) The Perna Team+12City Living Detroit+12Rocket+12Wikipedia+7Zillow+7Zillow+7
🏙️ Neighborhood Highlights
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Corktown: $250,000 median price
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Midtown: $220,000 median price
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Boston-Edison: $315,000 median price
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Rosedale Park: $163,000 median price
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Gold Coast: $98,900 median price Zillow+3The Luxury Playbook+3Redfin+3SoFi
💰 Rental Market
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Average Rent: $1,351 (↑6.4% YoY)
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National Average Rent: $2,024 Zillow+1Zillow+1
