Real Estate Market Update for Detroit, MI
Welcome to March's Market Update. Lets take a look at residential real-estate activity in your area during the month of February. The number of active listings was down 11% from one year earlier, and down 8% from the previous month. This smaller inventory means that buyers who waited to buy may have had a smaller selection to choose from. As you can see, the median listing price for the month was just over 40-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 8%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just under 40-thousand dollars. The number of units sold decreased 23% year-over-year, and decreased 26% month-over-month. Fewer sales could indicate an opportunity for buyers to negotiate better terms. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
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Map Information for Detroit, MI

Area Information for Detroit, MI
  • Population: 640,616
  • Median Age: 36.66 yr
  • Median Commute Time: 28 mins
  • Educational Climate*: 3
  • Sales Tax: 0%
  • Population Density: 4,616/sq mi
  • Population Change Since 2000: -32.5%
  • Closest Airport: Detroit Metro Wayne County
  • Closest College: Sacred Heart Major Seminary
  • Closest Jr. College: Lewis College Of Business
  • Median Household Income: $32,641
  • Annual Residential Turnover: 0%
  • Median Home Sales Price: $62,500
  • Closest Major Sports Team: Detroit Tigers
  • Change Avg. Household Income Since 2000: 13.38%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Detroit, MI
Median Age: 36.66 Married: 18% Number of Households: 243,511 Households with Children: 63,124
Community:
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for Detroit, MI

      School Name Distance Type Grades School Rating
      Academy Of The Americas At Logan 0.8 mi Public K-3 0
      New Paradigm College Preparatory 0.9 mi Public PRESCHOOL-8 2
      Universal Academy 1.3 mi Public PRESCHOOL-12 1
      Neinas Elementary School 1.7 mi Public PRESCHOOL-8 1
      Harms Elementary School 1.7 mi Public K-5 1
      Legacy Academy 1.8 mi Public 6-12 0
      Clippert Academy 1.8 mi Public 6-8 1
      George Crockett Academy 2.0 mi Public K-8 1
      Clemente, Roberto Academy 2.0 mi Public PRESCHOOL-5 1
      Bennett Elementary School 2.0 mi Public PRESCHOOL-5 1
      Barton Elementary School 2.1 mi Public K-5 0
      Burton International School 2.3 mi Public PRESCHOOL-8 1
      Edmonson Elementary 2.7 mi Public PRESCHOOL-6 0
      University Preparatory Academy (psad) - Elementary 2.9 mi Public K-5 1
      International Islamic Academy 3.2 mi Private PRESCHOOL-8 0
      Cass Technical High School 3.3 mi Public 9-12 3
      University Preparatory Science And Math (psad) Middle School 3.4 mi Public 6-8 1
      Golightly Education Center 3.7 mi Public PRESCHOOL-8 1
      Orchard Academy 4.0 mi Public K-2 0
      New Paradigm Glazer Academy 4.2 mi Public K-8 1
      Way Michigan 4.2 mi Public 6-12 1
      River Rouge Stem Academy At Dunn 4.5 mi Public K-8 1
      Edison Public School Academy 4.5 mi Public PRESCHOOL-8 1
      Detroit Edison Public School Academy - High School 4.5 mi Public 9-12 1
      Chrysler Elementary School 4.6 mi Public K-5 4
      My Virtual Academy 4.7 mi Public 5-12 0
      Sigma Academy For Leadership And Early Middle College 4.8 mi Public K-12 0
      Hanley International Academy 4.9 mi Public PRESCHOOL-8 1
      Holbrook School 4.9 mi Public K-8 2
      The James And Grace Lee Boggs School 4.9 mi Public K-8 3
      Ann Visger Preparatory Academy 5.1 mi Public K-5 1
      Kosciuszko School 5.2 mi Public 7-8 1
      Paul Robeson Malcolm X Academy 5.3 mi Public PRESCHOOL-8 1
      Caniff Liberty Academy 5.3 mi Public K-8 1
      Warrendale Charter Academy 5.5 mi Public K-8 1
      Dickinson East Elementary School 5.5 mi Public K-6 1
      Oakland International Academy - Elementary 5.6 mi Public 2-4 1
      The School At Marygrove 5.6 mi Public 9-12 0
      Oakland International Academy - Intermediate 5.6 mi Public 6-12 1
      Martin Luther King Jr Education Center 5.8 mi Public PRESCHOOL-8 3
      Hamtramck Academy 5.8 mi Public K-8 4
      Davison Elementary-middle School 5.8 mi Public K-8 1
      Communication And Media Arts High School 5.8 mi Public 9-12 1
      Lincoln-king Academy 5.9 mi Public K-8 1
      Edison Elementary School 6.1 mi Public PRESCHOOL-5 1
      Commonwealth Community Development Academy 6.4 mi Public K-8 1
      Foreign Language Immersion And Cultural Studies 6.5 mi Public PRESCHOOL-8 2
      Detroit Preparatory 6.6 mi Public K-5 2
      Renaissance High School 6.6 mi Public 9-12 3
      Nichols Elementary-middle School 6.7 mi Public K-8 1
      Detroit Achievement Academy 6.8 mi Public K-3 1
      Holmes A.l. elementary-middle School 6.8 mi Public PRESCHOOL-8 1
      Detroit Community Schools-high School 6.9 mi Public 9-12 2
      Pasteur Elementary School 7.0 mi Public K-6 1
      Bates Academy 7.1 mi Public PRESCHOOL-8 4
      Rutherford Winans Academy 7.2 mi Public K-5 1
      Gompers Elementary School 7.3 mi Public PRESCHOOL-8 1
      Cornerstone Jefferson-douglass Academy 7.7 mi Public K-12 1
      Ferndale Middle School 7.9 mi Public 6-8 1
      Westfield Prepartory High School 7.9 mi Public 7-12 0
      Ferndale High School 8.0 mi Public 9-12 4
      Pembroke Academy 8.1 mi Public K-5 3
      Ser - Samaritan Center 8.1 mi Public 9-12 0
      Vandenberg Elementary School 8.3 mi Public PRESCHOOL-5 1
      Oak Park Virtual Academy 8.5 mi Public 6-12 1
      Fisher Elementary School 8.6 mi Public PRESCHOOL-5 1
      Oak Park Service Learning Academy 8.8 mi Public PRESCHOOL-5 0
      Webb Elementary School 9.0 mi Public K-5 1
      Hamilton Elementary - Middle School 9.2 mi Public PRESCHOOL-8 0
      Ace Academy - Jefferson Site 9.2 mi Public 4-12 0
      Ferndale Upper Elementary School 9.2 mi Public 3-5 2
      Thomas Jefferson Elementary School 9.3 mi Public K-5 1
      Soar Academic Institute 9.5 mi Public 6-12 1
      Jane Addams Elementary School 9.6 mi Public PRESCHOOL-5 1
      Westfield Charter Academy 9.7 mi Public K-6 0
      Detroit Merit Charter Academy 9.7 mi Public K-8 1
      Wright Charles School 9.8 mi Public PRESCHOOL-5 3
      Madison Carver Academy 9.8 mi Public K-8 2
      George Defer Elementary School 10.1 mi Public K-5 5
      Pierce Middle School 10.1 mi Public 6-8 5
      Marvin L. Winans Academy Of Performaing Arts Middle School 10.4 mi Public 6-8 1
      Berkley Building Blocks - Early Childhood Center 10.5 mi Public PRESCHOOL-PRESCHOOL 0
      Norup International School 10.5 mi Public K-8 4
      Fostering Leadership Academy 10.7 mi Public 6-8 0
      Regent Park Scholars Charter Academy 10.9 mi Public K-8 1
      David Ellis Academy West 11.0 mi Public K-8 2
      Lewis Maire Elementary School 11.1 mi Public PRESCHOOL-4 5
      B. Beck Education Center 11.1 mi Public PRESCHOOL-PRESCHOOL 0
      Harper Woods Virtual Academy 11.2 mi Public 6-12 1
      Richard Elementary School 11.8 mi Public K-5 5
      Grosse Pointe South High School 11.9 mi Public 9-12 5
      Brownell Middle School 12.0 mi Public 6-8 5
      The Harper Woods College And Career Institute 12.1 mi Public 9-12 0
      Tyrone Elementary School 12.1 mi Public 3-5 1
      Kerby Elementary School 12.4 mi Public K-4 4
      John Monteith Elementary School 12.7 mi Public PRESCHOOL-5 4
      Parcells Middle School 13.2 mi Public 6-8 4
      Stevens T. Mason Elementary School 13.4 mi Public K-5 2
      Grosse Pointe North High School 14.0 mi Public 9-12 4
      Ferry Elementary School 14.2 mi Public K-5 4
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area.
      Local Weather for Detroit, MI
        Data powered by Attom Data Solutions. Copyright© 2022. Information deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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