Local home value data · Detroit, MI
What's my home worth in Detroit, MI?
Detroit stands out among large U.S. cities for how low its entry prices are, and the latest figures show a market where prices have eased slightly and homes are taking a bit longer to sell.
Is Detroit a buyer's or seller's market?
Leaning buyer's. Redfin rates Detroit 46/100 (not very competitive), based on how quickly homes sell, how often they get multiple offers, and how close they sell to list price.
What this means if you're selling in Detroit
A median sale price of $105,000, down 2.8% year-over-year, makes Detroit one of the most affordable big-city markets in the country. Homes average about 49 days on market, up from 42 a year ago, with roughly two offers per listing and a Compete Score of 46. Buyers have a little more leverage than last year, while sellers should price carefully against recent sales in their specific neighborhood.
How Detroit compares
Detroit has the lowest median of the 8 markets shown, and sits 74% below the U.S. median.
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Get Free Home ValueFrequently asked questions
Is Detroit a buyer's or seller's market right now?
Detroit is somewhat competitive but leans toward balanced-to-buyer-friendly. Redfin scores it 46 out of 100, homes average 49 days on market versus 42 a year ago, and prices are down 2.8%.
What is the median home price in Detroit?
For the three months ending August 2026, Redfin reports a median sale price of about $105,000 within the city of Detroit, 2.8% lower than a year earlier.
How accurate is the Detroit median price for my neighborhood?
Detroit prices vary dramatically from one neighborhood to the next, so the $105,000 citywide median can be far from what a specific home is worth. Request a free home value report, reviewed by a local agent, for an estimate based on nearby comparable sales.
Home values in nearby markets
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Market data (median sale price, year-over-year change, days on market, and buyer competition) sourced from Redfin, trailing 3-month data as of August 2026. Figures are approximate, change frequently, and are not a substitute for a formal appraisal or a local agent's comparative market analysis. Read more about how home value estimates work.