Detroit Real Estate
65 neighborhoods and communities
Active listings 3,117
Sold (past 12mo) 5,511
HFG -20.1%ⓘ
Household Formation Gap (HFG) is a secondary market indicator that measures hidden housing demand created by shrinking household sizes. As average household size decreases — due to divorce, single living, empty nesting, delayed marriage — more housing units are needed even without population growth. HFG compares the estimated number of households needed today versus 15 years ago: (population ÷ avg household size). This is a demographic trend signal, not a primary market indicator like income-based affordability or comparative market analysis. Source: U.S. Census Bureau, American Community Survey 5-Year Estimates (2009–2023), Tables B01003, B25010, B25001.
Explore by Area
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Market Dashboard
Featured Neighborhoods and Condos
Neighborhoods(54)
247 activeHarmony Village
Median $100,000
226 activeMiddle Woodward
Median $264,450
203 activeFinney
Median $110,000
201 activeMackenzie
Median $80,890
195 activeCerveny Grandmont
Median $111,000
191 activeDurfee
Median $161,000
181 activeDenby
Median $85,000
170 activeRosa Parks
Median $170,000
165 activeButzel
Median $250,000
163 activeMt Olivet
Median $69,999
147 activeEvergreen
Median $84,250
127 activeBrooks
Median $81,000
Condo Communities(11)
200 River Place
No active listings
Art Center Town Carriage Homes
No active listings
Campau Farms Condominiums
No active listings
Gramont Manor
No active listings
Hancock Square
No active listings
Harbortown Spinnaker Tower
No active listings
Park Shelton Condos
No active listings
Riverfront Towers
No active listings
S Adelaide Unit 30 Wayne County
No active listings
Shoreline East
No active listings
Village Square
No active listings
Frequently Asked Questions about Detroit
How many homes are for sale in Detroit?
There are currently 3,117 active listings in Detroit. The median asking price is $100,000.
What are home prices like in Detroit?
Based on 5,511 sales in the past year, homes in Detroit have a median price of $100,000.
What is the average days on market in Detroit?
Over the past year, homes in Detroit spent an average of 89 days on market before selling.
What are the best neighborhoods in Detroit?
Detroit has 65 distinct neighborhoods and condo communities. Popular areas include Harmony Village, Middle Woodward, Finney, Mackenzie, Cerveny Grandmont, Durfee. Of these, 11 are condo communities.
Which school districts cover Detroit?
Multiple school districts may serve Detroit. Michigan school district boundaries are independent of city borders. The school district for a specific property depends on its exact location within the city.
How competitive is the Detroit real estate market?
Detroit is currently a buyer's market, with 6.8 months of supply. That ratio comes from 3,117 active listings relative to 5,511 sales per year.
How are property taxes calculated in Detroit?
Property taxes in Detroit are based on a property's State Equalized Value (SEV), which is roughly 50% of market value, multiplied by the local millage rate. Homestead properties (primary residences) receive a lower rate than non-homestead. Tax bills are split into summer and winter installments.
What is the Household Formation Gap in Detroit?
Based on Census Bureau ACS data, Detroit shows a -20.1% Household Formation Gap. Despite household size decreasing from 2.84 to 2.47, the 30.5% population decline has reduced the overall number of households needing housing. This is a secondary demographic indicator, distinct from primary market measures.
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