Welcome to this overview of Ditroit, a city in Michigan with an interesting real estate market. In this text, we’ll provide you with insights on the city’s housing market, home values, crime rates, and other neighborhood resources. Whether you’re a property investor, realtor, manager, or simply interested in learning more about Detroit’s real estate landscape, read on to discover valuable information and resources.
OVERVIEW
Detroit is a city in Michigan and consists of 183 neighborhoods. There are 3,986 homes for sale, ranging from $1 to $7M.
- Median listing home price: $85K
- Median listing home price/Sq ft: $75
- Median sold home price: $85.9K
REAL ESTATE MARKET IN DETROIT
Detroit, MI Housing Market
In December 2023, Detroit witnessed a notable 14.1% increase in home prices compared to the previous year, with a median price reaching $81K. Homes typically sold after 44 days on the market, slightly longer than the 43 days recorded the previous year. The total number of homes sold rose from 447 to 495. Read more.
Detroit Housing Market is Growing Fastest in the US
The Detroit housing market forecast for 2024 indicates resilience and balanced growth, offering opportunities for both buyers and sellers. With an average home value of $238,284 and properties going pending in 12 days, the market presents a dynamic landscape. Don’t miss out on the trends of the Detroit housing market.
Detroit Home Values
Check out Zillow’s report about Detroit home values.
INTERESTING STORIES
Sending bulldozers isn’t enough to solve the blight problem
Residents want the blight gone, no doubt, but even more, they want to hear about the new investment to follow. Read more.
‘Beautifying’ Detroit: Removing blight or removing residents?
Our lack of focus on what really matters frustrates people and makes them leave; they’re not being listened to, and their needs are not being prioritized. Read more.
NEIGHBORHOOD RESOURCES
Detroit Crime Map
Detroit has one of the highest crime rates in the U.S., with a rate of 66 per 1,000 residents. Violent crimes are prevalent, with a one in 49 chance of being a victim, and property crime is also significant. Source: NeighborhoodScout. Read more.
Top Real Estate Agents
Looking for a real estate agent? Here are the 10 Top Real Estate Agents in Detroit by sales transactions.
DETROIT HELPFUL REAL ESTATE ECONOMIC DEVELOPMENT RESOURCES
Community Development And Urban Renewal Associations
Community Development Support
Small Business, Leadership, And Community Engagement
Community Support
- Crossroads of Michigan.
- Connect Detroit.
- Cass Community Social Services.
- Community & Home Supports, Inc. (CHS).
ABOUT DAWGS
The Leader in Vacant Property Security
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Our Vacant Property Security solutions eliminate break-ins and other problems associated with vacant properties.
Property investors, property managers, housing authorities, rehabbers, and real estate professionals trust DAWGS. to safeguard their vacant properties.
Click here to learn more about the DAWGS.
Community Outreach
DAWGS philanthropy efforts have touched many lives:
- Helping Veterans realize a brighter, better future
- Giving a homeless family hope and a newly furnished home
- Providing opportunities for inner city teenage girls to live happier and healthier lifestyles
- Rescuing dogs that have been abandoned
- Providing employment opportunities for individuals with developmental disabilities
Learn more here.
