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Detroit Homes & Real Estate

Detroit is on a path of revitalizing its downtown area. With three new casinos, a Riverwalk, and the new Comerica Park for the Detroit Tigers as well as Ford Field for the Detroit Lions, it is well on its way. Downtown's Greektown is a bustling place for dining & nightlife while the Woodward Avenue Theater District is flourishing with ever changing performance arts and art galleries.

Major parks in Detroit include Belle Isle, Palmer Park, River Rouge Park, Chene Park and Campus Martius Park.

Real Estate Statistics

Total Listings: 1,415
Average Price: $45,398
Highest Price: $2,375,000
Lowest Price: $1

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Public Record Data

Current Listings

There are 1411 listings for sale, with prices from $100 to $2,375,000 (average price: $45,479.99).

Real Estate Statistics

  • Approx. Total Number of Homes: 83950
  • Average Tax Assessed Value: $12,910
  • Average Market Value: $25,825
  • Average Estimated Value: $53,775
  • Average Market Assessed Value: $13,946

Past 12 months' Sales

  • Properties sold: 6699
  • Average Sale Price: $38,266
  • List-to-Sale Price Ratio: 0.84%
  • Ownership Turnover: 12.53%

Public Record Data for all Homes

View Public Record Data for Condos & Highrises for Sale in Detroit MI

 

Condos & Highrises for Sale in Detroit MI

All Listings Under $100,000 $100,000 - $200,000
$200,000 - $300,000 $300,000 - $400,000 $400,000 - $500,000
$500,000 - $600,000 $600,000 - $700,000 Over $1,000,000
Price, High to Low
101 Properties Found.
Homes for Sale in Detroit, MI
  • MLS® #: 217004001
  • 18 Sand Bar Ln
  • Detroit, MI 48214
  • $2,499,000
  • 6 Bed, 4.4 Bath, 14471 SqFt
  • Condominium
  • Add as Favorite
Homes for Sale located at 1135 Shelby St, in the city of Detroit, MI 48226
  • MLS® #: 217001371
  • 1135 Shelby St
  • Detroit, MI 48226
  • $2,495,000
  • 3 Bed, 2.1 Bath, 2500 SqFt
  • Condominium
  • Add as Favorite
Condominium Real Estate for Sale located in the neighborhood of WAYNE COUNTY CONDO PLAN NO 920 (MORGAN WATERFRONT HOMES), in the city of Detroit, MI
  • MLS® #: 217004208
  • 114 Sand Bar Ln
  • Detroit, MI 48214
  • $679,900
  • 5 Bed, 4.1 Bath, 6814 SqFt
  • Condominium
  • Add as Favorite
DETROIT Real Estate - MLS # 58031292861, Condominium real estate for Sale in Wayne County Condo Plan 624, MLS Listings # 58031292861
  • MLS® #: 58031292861
  • 440 E Ferry
  • DETROIT, MI 48202
  • $675,000
  • 7 Bed, 3.2 Bath, 4371 SqFt
  • Condominium
  • Add as Favorite
MLS #217004882 for Sale at 91 Sand Bar Ln, in the city of Detroit, 48214
  • MLS® #: 217004882
  • 91 Sand Bar Ln
  • Detroit, MI 48214
  • $669,900
  • 4 Bed, 4.1 Bath, 5354 SqFt
  • Condominium
  • Add as Favorite
Detroit Homes for Sale in the neighborhood of Wayne County Planno 573(200 River Place Lofts)P16- in the Zipcode of 48207
  • MLS® #: 217002506
  • 200 River Place Unit 29
  • Detroit, MI 48207
  • $589,000
  • 2 Bed, 2.1 Bath, 2244 SqFt
  • Condominium
  • Add as Favorite
Condominium Real Estate for Sale at 2987 Franklin St Unit A in the city of Detroit by MLS #216064840
  • MLS® #: 216064840
  • 2987 Franklin St Unit A
  • Detroit, MI 48207
  • $522,500
  • 2 Bed, 2 Bath, 2272 SqFt
  • Condominium
  • Add as Favorite
MLS Number 216110246 in the city of Detroit Homes for Sale by WAYNE COUNTY PLAN NO 642 (BRUSH PARK III) L35040 P376-487, the zipcode of 48201
  • MLS® #: 216110246
  • 29 Winder St
  • Detroit, MI 48201
  • $515,000
  • 2 Bed, 2.1 Bath, 2288 SqFt
  • Condominium
  • Add as Favorite
2987 Franklin St Unit E, in the city of Detroit Real Estate in MI by METES & BOUNDS DESCRIPTIO N-SUB N/A,
  • MLS® #: 216064882
  • 2987 Franklin St Unit E
  • Detroit, MI 48207
  • $500,000
  • 2 Bed, 2.1 Bath, 2178 SqFt
  • Condominium
  • Add as Favorite
 

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Detroit Real Estate Market

Detroit is the largest real estate market in the state of Michigan and commonly known as the traditional headquarters for the United States automobile industry. Detroit is home to the "Big Three" automakers, General MotorsFord, & Chrysler. Detroit is also the founding city of a lot of the music we hear today. Two very well known nicknames to describe Detroit over the years have been The Motor City, and MotownRead more about Detroit real estate

Detroit's major port status and extensive toll-free expressway system make it a prosperous location as a global business center. The University of Michigan in Ann Arbor is one of the worlds leading research institutions and Wayne State University in Detroit has the largest single-campus medical school in the United States.

Metro Detroit is a leading corporate location with major office complexes such as the Renaissance Center, the Southfield Town Center, and Cadillac Place with the Fisher Building in the historic New Center area.

Detroit is located north of Windsor, Ontario and the only U.S. city that looks south to Canada. Woodward Avenue is considered Detroit's main thoroughfare. It is the dividing line between the East Side and the West Side. In Downtown Detroit, the Fox Theatre and Detroit Institute of Arts are located on Woodward as well as the Detroit Zoo in Royal Oak a little farther north just outside the city limits.

Detroit Population

Detroit ranks as the United States 11th most populous city with 918,849 in 2007. At one time, Detroit was the fourth largest city in the country, however it has consistently declined in population since the 1960s. When describing the Metro Detroit area, this refers to Oakland County, Wayne County, Macomb County, Livingston County, Washtenaw County, Lapeer County, Monroe County, Saint Clair County, & Genesee County consisting of approximately 5.4 million people, and a workforce of 2.8 million. The counties of Wayne, Oakland, and Macomb form the core of the Detroit area. They are sometimes informally referred to as the tri-county area.

Detroit Architecture

While the downtown and New Center areas boast its share of high-rise buildings and stunning architecture, the majority of the outskirts of Detroit real estate consists of low-rise structures, single-family homes, and most recently some new condo developments. Outside of the city's downtown, apartments, high-rises, and loft style condos are found in neighborhoods such as the East Riverfront extending toward Grosse Pointe and the Palmer Park neighborhood just west of Woodward. High-rise projects that have been popular in Detroit include Garden Lofts, Detroit Towers, Many of the city's neighborhoods were constructed prior to World War II, and feature the architecture of the times.

Wood or aluminum frame homes, brick ranches, bungalows and colonials in the working class neighborhoods, larger brick homes in vast middle class neighborhoods, and ornate mansions in neighborhoods such as Brush Park, Woodbridge, Indian Village, Palmer Woods, Sherwood Forest, and of course in the Voigt Park subdivision located in the famous Boston Edison District. The Boston Edison District is unique because it is one of the few communities in the city of Detroit where a handful of homes were designed by well known architects such as Albert Kahn and boast upwards of 10,000-15,000 square feet. The Boston Edison District is in the vicinity of Chicago and Woodward Avenue.

Bank foreclosures have never been so evident in the city as in the past three years. The resulting decrease in property values has made it increasingly difficult for homeowner to refinance their homes. More and more homeowners cannot afford the property taxes to live in the city of Detroit, and the population has decreased because many homeowners are finding it more economical to live in the suburbs.

Detroit Neighborhoods

The oldest neighborhoods are along the Woodward and Jefferson corridors, while newer neighborhoods, built as late as the 1950s, are found in the far west and closer to 8 Mile Road. 8 Mile Road, known by many due to the film 8 Mile, forms the dividing line between Detroit on the south and the suburbs of Macomb and Oakland counties on the north. It is also known as Baseline Road outside of Detroit, because it coincides with the baseline used in surveying Michigan; that baseline is also the boundary for a number of Michigan counties as well as the boundary for Illinois and Wisconsin.

Some of the oldest extant neighborhoods include Corktown, a working class, formerly Irish neighborhood, and Brush Park. Both are now seeing million dollar redevelopments and construction of new homes and condos.

Detroit Skyscrapers

Building

Height

Floors

Year Built

Marriott Renaissance Center

726 ft

73

1977

One Detroit Center

619 ft

45

1992

Penobscot Building

566 ft

46

1928

Renaissance Center 400 Tower

508 ft

39

1977

Renaissance Center 200 Tower

508 ft

39

1977

Renaissance Center 300 Tower

508 ft

39

1977

Renaissance Center 100 Tower

508 ft

39

1977

Guardian Building

489 ft

40

1929

Book Tower

475 ft

39

1926

150 West Jefferson

450 ft

30

1989

Fisher Building

444 ft

30

1928

Cadillac Tower

437 ft

40

1927

David Stott Building

437 ft

32

1929

One Woodward Building

430 ft

32

1962

McNamara Federal Building

393 ft

27

1976

211 West Fort Street

380 ft

26

1963

Detroit Edison Plaza

374 ft

25

1971

David Broderick Tower

371 ft

34

1928

Buhl Building

366 ft

29

1925

Book-Cadillac Hotel

351 ft

32

1924

Renaissance Center 500 Tower

339 ft

21

1981

Renaissance Center 600 Tower

339 ft

21

1981

Blue Cross/Blue Shield Service Center

339 ft

22

1971

First National Building

338 ft

25

1930

1001 Woodward

338 ft

23

1965

Millender Center Apartments

334 ft

33

1985

SBC Building Addition

327 ft

17

1974

Trolley Plaza Apartments

325 ft

28

1981

The Dime Building

324 ft

23

1913

Jeffersonian Apartments

322 ft

30

1965

SBC Building

319 ft

18

1912

Coleman A. Young Municipal Center

318 ft

19

1955

Penobscot Annex

310 ft

23

1913

1300 Lafayette East Cooperative

305 ft

29

1961

Riverfront Towers III

305 ft

29

1983

Riverfront Towers II

305 ft

29

1983

David Whitney Building

272 ft

21

1916

Water Board Building

259 ft

23

1928

Kales Building

258 ft

18

1914

Washington Boulevard Apartments

255 ft

19

1923

Grand Park Centre

250 ft

19

1922

Henry Ford Hospital and Clinic

249 ft

19

1955

Wayne County Building

247 ft

5

1902

Hotel Pontchartrain

245 ft

25

1965

Park Place Apartments

240 ft

22

1928

 

United Artist Theater Building

230 ft

18

1928

Michigan Central Railroad Station

230 ft

16

1913

Pavilion Apartments

220 ft

22

1958

Cadillac Place

220 ft

15

1921

Park Apartments

212 ft

18

1926

Detroit Masonic Temple

210 ft

14

1926

Bank One Building

204 ft

14

1959

Detroit Local Businesses

Metro Detroit is host to the headquarters for the U.S. Army Tank Automotive and Armaments Command, known as TACOM, with Selfridge Air National Guard Base. Detroit Metropolitan Airport is one of Americas largest and most recently modernized facilities and very large employer. Borg Warner, TRW Automotive Holdings, Compuware, IBM, Google, and Covansys all chose Metro Detroit for their new headquarters or as a major presence in Metro Detroit. Quicken Loans, National City Bank, Ernst & Young, GMAC, Visteon and OnStar are all companies that have been expanding the past few years in Detroit.

Detroit Entertainment & Recreation

A little over 15 million people visit metro Detroit annually spending almost $4.5 billion on recreation and entertainment. Detroit is the largest city or metro area to offer casino resorts. It is home to MGM Grand Detroit, MotorCity Casino, Greektown Casino, and nearby Casino Windsor. Some of the main attractions each year include the North American International Auto Show, the Windsor-Detroit International Freedom Festival, Tastefest, and most recently Detroit was the host to Super Bowl XL.

Detroit has entertainment for all, depending on the season. During the cold winter months, the Motown Winter Blast attracted a crowd of 1.2 million people to Campus Martius Park area in downtown as well as downhill and cross country skiing at Alpine Valley Ski Resort, Mt. Brighton, Mt. Holly, and Pine Knob Ski Resort.

During the hot summer months, Detroits metroparks include Kensington Beach, Metropolitan Beach, and Stoney Creek Beach. Metro Detroit also hosts the Woodward Dream Cruise and Downriver Dream Cruise during mid summer months.

Metro Detroit contains a number of upscale shopping malls including the Somerset Collection in Troy and Twelve Oaks Mall in Novi. The regions leading attraction is The Henry Ford Museum, the Americas largest indoor-outdoor museum complex.

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