"Detroit's housing market is somewhat competitive. Homes in Detroit receive 2 offers on average and sell in around 42 days. In July 2025, the median sale price was $105,000 (up 12.9% year over year) and the median sale price per square foot was $82 (up 12.3% year over year). The Redfin Compete Score is 43. Typical homes sell about 3% below list price, while hot homes can sell about 2% above list and go pending in around 15 days."
"In July 2025, the median sale price was $105,000 (up 12.9% year over year) and the median sale price per square foot was $82 (up 12.3% year over year). The Redfin Compete Score is 43. Typical homes sell about 3% below list price, while hot homes can sell about 2% above list and go pending in around 15 days. The sale‑to‑list price ratio is 96.4%; 28.0% of homes sold above list; 27.3% had price drops."
Detroit's housing market shows moderate competition with homes receiving about two offers and selling in roughly 42 days. July 2025 median sale price reached $105,000, a 12.9% year-over-year increase, and median price per square foot was $82, up 12.3% year over year. The Redfin Compete Score stands at 43. Typical homes sell about 3% below list while hot homes can sell about 2% above list and go pending in around 15 days. The sale-to-list price ratio is 96.4%; 28.0% of homes sold above list and 27.3% had price drops. Median sale price is 75% below the national average and cost of living is 2% higher. Walk Score is 51, Transit Score 36, Bike Score 52.
Read at Redfin | Real Estate Tips for Home Buying, Selling & More
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