Detroit Real Estate

Livonia, Plymouth, Wayne County Homes for Sale

Detroit homes for sale and Detroit real estate market report

Here is a quick market snapshot of what is happening in the City of Detroit. There were 7113 Detroit homes sold in the last 365 days as of September 28, 2010. What is still amazing about Detroit real estate is that the average sales price of all these homes is still only $12,942. That is better than last year when the average was about $10,400. Detroit homes are moving fairly quickly with the average time on the market being 80 days.

So if you are looking to buy a Detroit income property this will give you an idea of what the market is like.

Detroit real estate sales in the last 365 days

	Price Range	Number of Listings	Days on Market

	0 to $50,000	6858	78
	$50,001 to 100,000	192	113
	100,001 to 150,000	39	190
	150,001 to 200,000	14	157
	200,001 to 250,000	5	125
	250,001 to 300,000	2	312
	300,001 to 350,000	2	488
	350,001 to 400,000	0	0
	400,001 to 450,000	0	0
	450,001 to 500,000	0	0
	500,001 to 550,000	0	0
	550,001 to 600,000	0	0
	600,001 to 650,000	0	0
	650,001 to 675,000	1	453

For the 7113 listings:		For the 7113 Sold listings:
Average List Price	$13,866.00	Average Sold Price	$12,942.00
Median List Price	$8,000.00	Median Sold Price	$8,000.00
Highest List Price	$849,900.00	Highest Sold Price	$675,000.00
Lowest List Price	$1.00	Lowest Sold Price	$0.00
List Volume	$98,627,880.00	Sales Volume	$92,054,810.00
Avg. Days On Market	79	Avg. Days On Market	80