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: 633,657
  • Median Age: 36.23 yr
  • Median Commute Time: 28 mins
  • Educational Climate*: 3
  • Sales Tax: 0%
  • Population Density: 4,566/sq mi
  • Population Change Since 2000: -33.39%
  • Closest Airport: Detroit Metropolitan Wayne County
  • Closest College: Sacred Heart Major Seminary
  • Closest Jr. College: Lewis College Of Business
  • Median Household Income: $26,977
  • Annual Residential Turnover: 0%
  • Median Home Sales Price: $50,000
  • Closest Major Sports Team: Detroit Tigers
  • Change Avg. Household Income Since 2000: -3.99%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Detroit, MI
Median Age: 36.23 Married: 18% Number of Households: 240,858 Households with Children: 63,504
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 Parent Rating
      Hope Of Detroit Academy - Middle/high 0.5 mi Public 5-12 1 0
      Voyageur Consortium High School 0.5 mi Public 9-12 0 0
      Cesar Chavez Academy Intermediate 0.7 mi Public 3-5 1 0
      New Paradigm College Prep 0.9 mi Public PRESCHOOL-8 2 0
      Universal Academy 1.3 mi Public PRESCHOOL-12 1 0
      Detroit Cristo Rey High School 1.9 mi Catholic 9-12 0 0
      Cesar Chavez High School 1.9 mi Public 9-12 1 0
      George Crockett Academy 2.0 mi Public K-8 1 0
      University Preparatory Academy (psad)-high School 3.0 mi Public 9-12 0 0
      Detroit Public Safety Academy 3.0 mi Public 7-12 0 0
      Henry Ford Academy: School For Creative Studies 3.2 mi Public 6-12 0 0
      Cass Technical High School 3.3 mi Public 9-12 3 0
      University Preparatory Science And Math (psad) Middle School 3.4 mi Public 6-8 2 0
      Henry Ford Academy:school For Creative Studies-ele 3.7 mi Public K-5 0 0
      Flagship Charter Academy 3.8 mi Public K-8 1 0
      New Paradigm Glazer Academy 4.2 mi Public K-8 1 0
      Way Michigan 4.2 mi Public 6-12 1 0
      River Rouge Stem Academy At Dunn 4.5 mi Public K-8 1 0
      Edison Public School Academy 4.5 mi Public PRESCHOOL-12 3 0
      River Rouge High School 4.5 mi Public 9-12 0 0
      Chrysler Elementary School 4.6 mi Public K-5 4 0
      University Preparatory Science And Math - Elementary 4.7 mi Public K-5 2 0
      Hanley International Academy 4.9 mi Public PRESCHOOL-8 2 0
      Holbrook School 4.9 mi Public K-8 2 0
      The James And Grace Lee Boggs School 4.9 mi Public K-8 3 0
      Loyola High School 4.9 mi Catholic 9-12 0 0
      Oakland International Academy - High School 5.0 mi Public 9-12 0 0
      Robeson Academy 5.3 mi Public PRESCHOOL-8 1 0
      Caniff Liberty Academy 5.3 mi Public K-8 2 0
      Detroit Innovation Academy 5.3 mi Public K-8 1 0
      University Preparatory Science And Math (psad) High School 5.3 mi Public 9-12 0 0
      Oakland International Academy - K-1 5.4 mi Public K-1 0 0
      Detroit Academy Of Arts And Sciences 5.4 mi Public K-8 0 0
      Hamtramck High School 5.5 mi Public 9-12 0 0
      Oakland International Academy - Elementary 5.6 mi Public 2-4 2 0
      Oakland International Academy - Intermediate 5.6 mi Public 6-12 2 0
      Martin Luther King Jr. Education Center Academy 5.8 mi Public PRESCHOOL-8 3 0
      Hamtramck Academy 5.8 mi Public K-8 4 0
      Bridge Academy - Elementary 5.8 mi Public PRESCHOOL-5 2 0
      Al Ikhlas Training Academy 5.8 mi Private K-12 0 0
      Lincoln-king Academy 5.9 mi Public K-8 1 0
      Frontier International Academy 6.1 mi Public 6-12 0 0
      Ecorse Community High School 6.3 mi Public 9-12 0 0
      Cesar Chavez Academy Elementary East 6.4 mi Public K-6 1 0
      Foreign Language Immersion And Cultural Studies 6.5 mi Public PRESCHOOL-8 2 0
      Renaissance High School 6.6 mi Public 9-12 4 0
      University Yes Academy 6.8 mi Public K-8 0 0
      Detroit Achievement Academy 6.8 mi Public K-3 1 0
      Detroit Community Schools-high School 6.9 mi Public K-12 2 0
      Bates Academy 7.1 mi Public PRESCHOOL-8 3 0
      Rutherford Winans Academy 7.3 mi Public K-5 1 0
      Gompers Elementary School 7.3 mi Public PRESCHOOL-8 1 0
      Old Redford Academy - High School 7.3 mi Public 9-12 0 0
      Westside Christian Academy 7.3 mi Private PRESCHOOL-8 0 0
      Cornerstone Health And Technology High School 7.3 mi Public 9-12 0 0
      Jalen Rose Leadership Academy 8.0 mi Public 9-12 0 0
      Ferndale High School 8.0 mi Public 9-12 1 0
      Einstein Elementary School 8.5 mi Public PRESCHOOL-5 0 0
      Oak Park Virtual Academy 8.5 mi Public 6-12 1 0
      University High School 8.8 mi Public 9-12 0 0
      Oak Park Preparatory Academy 8.9 mi Public 6-8 0 0
      Detroit Service Learning Academy 9.2 mi Public K-8 0 0
      Oak Park High School 9.3 mi Public 10-12 0 0
      Thomas Jefferson Elementary School 9.3 mi Public K-5 2 0
      Soar Academic Institute 9.5 mi Public 6-12 1 0
      Jane Addams Elementary School 9.6 mi Public PRESCHOOL-5 2 0
      Lee M. Thurston High School 9.6 mi Public 9-12 1 0
      St Valentine Catholic Elementary School 9.7 mi Catholic PRESCHOOL-8 0 0
      Detroit Merit Charter Academy 9.7 mi Public K-8 2 0
      Pepper Elementary School 9.7 mi Public PRESCHOOL-5 0 0
      Wright Charles School 9.8 mi Public PRESCHOOL-5 3 0
      Madison Carver Academy 9.8 mi Public K-8 2 0
      George Defer Elementary School 10.1 mi Public K-5 5 0
      Pierce Middle School 10.1 mi Public 6-8 5 0
      Robert Trombly Elementary School 10.1 mi Public PRESCHOOL-5 4 0
      Hilbert Middle School 10.3 mi Public 6-8 0 0
      Marvin L. Winans Academy Of Performaing Arts Middle School 10.4 mi Public K-8 1 0
      Norup International School 10.5 mi Public K-8 4 0
      St Clare Of Montefalco School 10.6 mi Catholic PRESCHOOL-8 0 0
      Redford Union High School 10.6 mi Public 9-12 0 0
      David Ellis Academy West 11.0 mi Public K-8 2 0
      Lewis Maire Elementary School 11.1 mi Public PRESCHOOL-5 5 0
      Harper Woods Virtual Academy 11.2 mi Public 6-12 1 0
      Stuckey Center 11.2 mi Public K-12 1 0
      Diploma Success Community School 11.6 mi Public 9-12 0 0
      Richard Elementary School 11.8 mi Public K-5 4 0
      Grosse Pointe South High School 11.9 mi Public 9-12 5 0
      Chandler Park Academy - High School 11.9 mi Public 9-12 0 0
      Brownell Middle School 12.0 mi Public 6-8 5 0
      Harper Woods Middle School 12.2 mi Public 7-8 0 0
      Harper Woods High School 12.2 mi Public 9-12 0 0
      Kerby Elementary School 12.4 mi Public K-5 5 0
      John Monteith Elementary School 12.7 mi Public PRESCHOOL-5 3 0
      Charles A. Poupard Elementary School 12.8 mi Public K-5 1 0
      University Liggett School 12.9 mi Private PRESCHOOL-12 0 0
      Parcells Middle School 13.2 mi Public 6-8 3 0
      Stevens T. Mason Elementary School 13.4 mi Public K-5 3 0
      Our Lady Star Of The Sea Elementary School 13.4 mi Catholic PRESCHOOL-8 0 0
      Grosse Pointe North High School 14.0 mi Public 9-12 4 0
      Ferry Elementary School 14.2 mi Public K-5 4 0
      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© 2020. 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.