Detroit, MI metro area Housing Market
Warm MarketComprehensive housing market data for the Detroit, MI metro area metro area. Track home prices, inventory, days on market, and competition — updated monthly for real estate investors.
Data period: March 2026
Median Sale Price
$200K
↑ 11.1% YoY
Days on Market
37 days
↑ 19.4% YoY
Active Inventory
4,371
↑ 12.5% YoY
Homes Sold
1,288
↓ 7.3% YoY
Warm Market
The market is active with moderate buyer demand.
Detroit, MI metro area Market Summary
The Detroit, MI metro area housing market is heating up. As of March 2026, the median home sale price is $200K, up 11.1% year-over-year. Homes are spending a median of 37 days on the market, 19.4% longer than a year ago.
There are 4,371 homes for sale — 12.5% more than last year. With 3.4 months of supply, this is a seller's market. 2,095 new listings were added during this period, down 2.7% year-over-year.
Homes are selling for 97.4% of their list price on average, suggesting room for negotiation. 31.0% of homes sell above their asking price. 25.6% of listings have had a price drop.
Market Opportunity Score
Based on current market conditions
62
Contributing Factors
How This Market Compares
vs. National Median
vs. Michigan Median
Investor Takeaway
A significant share of sellers are cutting prices, which can signal motivated sellers and potential deals. Prices are 54% below the national median, which could indicate stronger cash flow potential.
Detroit, MI metro area Market Trends
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Detailed Market Metrics
Median List Price
$185K
Price per Sq Ft
$143
Sale-to-List Ratio
97.4%
Months of Supply
3.4
Sold Above List
31.0%
Price Drops
25.6%
New Listings
2,095
↓ 2.7% YoY
Pending Sales
1,777
Off Market in 2 Weeks
41.7%
Other Markets in Michigan
Warren, MI metro area
$313K · 32d on market
Grand Rapids, MI metro area
$358K · 18d on market
Lansing, MI metro area
$230K · 40d on market
Flint, MI metro area
$200K · 36d on market
Ann Arbor, MI metro area
$410K · 40d on market
Kalamazoo, MI metro area
$295K · 22d on market
Muskegon, MI metro area
$238K · 31d on market
Traverse City, MI metro area
$417K · 52d on market
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Try It FreeHousing market data provided by Redfin, a national real estate brokerage. Not financial advice. Always consult a qualified professional before making investment decisions.