"Detroit's housing market is somewhat competitive. In July 2025, the median sale price was $105,000, and homes sold in around 42 days. The sale‑to‑list price ratio was 96.4%, with 28% of homes selling above list and 27.3% seeing price drops. Detroit's median sale price was 74% lower than the national average. Below are the metro's 50 newest listings. Latest Detroit listings"
"The sale‑to‑list price ratio was 96.4%, with 28% of homes selling above list and 27.3% seeing price drops."
"Detroit's median sale price was 74% lower than the national average."
Detroit's housing market is somewhat competitive. In July 2025 the median sale price was $105,000. Homes sold in around 42 days on average. The sale-to-list price ratio was 96.4%. Twenty-eight percent of homes sold above list price. Twenty-seven point three percent of listings experienced price drops. Detroit's median sale price was 74% lower than the national average. Fifty newest metro listings were provided for the market. The combination of sale speed, sale-to-list ratio, and percentages of above-list sales and price reductions describes the market conditions for that month.
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