Detroit Real Estate Market News

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Detroit Real Estate Market 2021: Housing Forecast, Trends

Detroit Realwealthnetwork.com More results

9 hours ago Housing Market Trends. Detroit is more affordable than most other U.S. markets today. In 2020, the median price of homes in the Detroit metro area was $188,000. This is 26% lower than the national average of $254,000. However, in neighborhoods where RealWealth members invest the median price

Estimated Reading Time: 7 mins

Link: https://www.realwealthnetwork.com/markets/detroit-michigan/

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Detroit Real Estate Market Update 2021 • Benzinga

Detroit Benzinga.com More results

8 hours ago This is great news for real estate investors and the Detroit real estate market. Detroit Rental Prices. Detroit median rental price: $1,300. National average: $1,704.

Link: https://www.benzinga.com/money/detroit-real-estate-market/

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Detroit Housing Market: Trends & Prices SoFi

Detroit Sofi.com More results

4 hours ago Keep reading to learn more about the Detroit real estate market, its demographics, housing trends, and unique neighborhoods!

Link: https://www.sofi.com/detroit-housing-market/

Category: Real estate news in michiganShow more

Detroit Housing Market: House Prices & Trends Redfin

Detroit Redfin.com More results

8 hours ago The Detroit housing market is somewhat competitive. Homes in Detroit receive 6 offers on average and sell in around 22 days. The average sale price of a home in Detroit was $75K last month, up 40.2% since last year. The average sale price per square foot in Detroit is $63, up 43.2% since last year.

Location: 3307 Webb St, Detroit, 48206, MI

Link: https://www.redfin.com/city/5665/MI/Detroit/housing-market

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Metro Detroit Real Estate Housing Update August 2021

Metro Mshdadpa.com More results

4 hours ago Metro Detroit Real Estate Housing Update- August 2021 Real Estate Market Stats / By John Higgins / September 14, 2021 September 14, 2021 Estimated reading time: 2 minutes

Link: https://mshdadpa.com/metro-detroit-real-estate-housing-update-august-2021/

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Why metro Detroit's housing market was booming in 2020

Why Detourdetroiter.com More results

1 hours ago According to a housing report from real estate company RE/MAX of Southeastern Michigan, the number of homes sold in metro Detroit in October was up 14.6% from a year ago (4,893 to 5,609), the median sale price was up 16.7% ($203,250 to $237,250) and listings spent six fewer days on market (42 to 36 days).

Estimated Reading Time: 6 mins

Link: https://detourdetroiter.com/metro-detroit-housing-market-booms-in-2020/

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Prices in Metro Detroit Housing Market Remain High, Sales

Prices Detroit.cbslocal.com More results

1 hours ago Prices in Metro Detroit Housing Market Remain High, Sales Low July 21, 2020 at 7:02 pm Filed Under: Housing trends , Metro Detroit Real Estate , RE/MAX , Real estate

Estimated Reading Time: 2 mins

Link: https://detroit.cbslocal.com/2020/07/21/prices-in-metro-detroit-housing-market-remain-high-sales-low/

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Metro Detroit real estate market: Buyers beware in spring

Metro Clickondetroit.com More results

3 hours ago Local 4 News at Noon -- Sept. 8, 2021. Metro Detroit real estate market: Buyers beware in spring-summer 2021 Detroit home prices are up 65.8% compared to this time last year.

Link: https://www.clickondetroit.com/real-estate/2021/03/02/metro-detroit-real-estate-market-buyers-beware-in-spring-summer-2021/

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Looking to buy? Here are Detroit's hottest residential

Looking Modeldmedia.com More results

8 hours ago Though it may not be news to anyone, Corktown is becoming even more in the real estate market. Photo by David Lewinski. The COVID-19 pandemic may have changed the ways in which we do business but it hasn’t hurt Detroit’s real estate market much, as low-interest rates remain and demand continues to outpace supply.

Link: https://www.modeldmedia.com/features/detroit-hottest-residential-neighborhoods-2021.aspx

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Detroit Real Estate Market News

Detroit Real-estate-find.com More results

1 hours ago Detroit Real Estate Market 2021: Housing Forecast, Trends . Houses (9 days ago) Housing Market Trends. Detroit is more affordable than most other U.S. markets today. In 2020, the median price of homes in the Detroit metro area was $188,000. This is 26% lower than the national average of $254,000.

Link: https://real-estate-find.com/detroit-real-estate-market-news/

Category: Real EstateShow more

Detroit Real Estate Market Reports Curbed Detroit

Detroit Detroit.curbed.com More results

9 hours ago Report: Detroit rents increased by one of highest rates in nation in 2019. Average cost to rent in Detroit went up by 13.2 percent, 10th most in the …

Link: https://detroit.curbed.com/detroit-market-reports

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Detroit, MI 2021 Real Estate Market Appreciation & Housing

Real Neighborhoodscout.com More results

6 hours ago Vacant housing appears to be an issue in Detroit. Fully 27.35% of the housing stock is classified as vacant. Left unchecked, vacant Detroit homes and apartments can be a drag on the real estate market, holding Detroit real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied.

Estimated Reading Time: 9 mins

Link: https://www.neighborhoodscout.com/mi/detroit/real-estate

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Metro Detroit home sales: Prices up, sales way down

Metro Msn.com More results

4 hours ago Home sale prices are up while sales numbers are way down in metro Detroit's real estate market, which has yet to experience any collapse in values from the …

Estimated Reading Time: 3 mins

Link: https://www.msn.com/en-us/money/realestate/metro-detroit-home-sales-prices-up-sales-way-down/ar-BB1718ed

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Detroit Real Estate News WORLD PROPERTY JOURNAL

Detroit Worldpropertyjournal.com More results

6 hours ago Detroit Real Estate News. Much of the World's Housing Market in a Price Bubble in 2021. Posted on July 09, 2021. U.S. Mortgage Loans in Forbearance Dips to 3.87 Percent. Posted on July 07, 2021. Relevant real estate news. Actionable market intelligence. Right to your inbox every week. Go.

Link: https://www.worldpropertyjournal.com/real-estate-news/united-states/detroit/

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Detroit Real Estate Market Forecast 2020: Prices Will Rise

Detroit Noradarealestate.com More results

5 hours ago Detroit Real Estate Market Forecast 2020. According to Zillow.com, the median rent price in Detroit is $850, which is lower than the Detroit-Warren-Dearborn Metro median of $1,200. The Detroit housing market forecast for the 3 years ending with the 3rd Quarter of 2021 is also positive.

Foreclosures in Detroit: 1,022
Median List Price: $46,000 (0% ⇑ vs Jul 2018)
Homes for Sale in Detroit: 1,124 (RealtyTrac)
Recently Sold: 6,962

Link: https://www.noradarealestate.com/blog/detroit-real-estate-market/

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Detroit real estate prices continue to rise

Detroit Wxyz.com More results

9 hours ago Detroit real estate prices continue to rise. Years ago headlines blanketed the internet that Detroit homes were selling for pennies on the dollar — now, condo prices are rising quickly, and

Estimated Reading Time: 3 mins

Link: https://www.wxyz.com/news/detroit-real-estate-prices-continue-to-rise

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2021 Metro Detroit Real Estate Market with Home Sale

Metro Jknorber.com More results

1 hours ago Metro Detroit Housing Market Predictions 2018. This month’s Metro Detroit Real Estate Market for July 2018 continues to hold down frustrated Buyers while Sellers still see a shining bright spot: Homes for sale inventory is down 19.8% from 2017 and, with fewer homes selling, the median sales price is up 7.0%.

Link: https://jknorber.com/metro-detroit-real-estate-market-report/

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Detroit home values jump 20%, biggest gain in 2 decades

Detroit Detroitnews.com More results

8 hours ago The state ordered Detroit to do a property-by-property reappraisal after a 2013 Detroit News of a property’s market value. increasing taxes when the real estate market is booming.

Link: https://www.detroitnews.com/story/news/local/detroit-city/2020/01/21/detroit-home-values-jump-20-percent-duggan-says/4526821002/

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Detroit: Real Estate and Market Trends

Real Fortunebuilders.com More results

6 hours ago Detroit Housing Market Summary: Current Median List Price: $19,900; Number Of Homes For Sale: 1,700; Current Median Sold Price: $12,500; Unemployment Rate: 12.2%; Population: 688,701; Percent Of Underwater Homes: 8.6%; Detroit Housing Market Q1 Update: The Detroit real estate market was one of the hardest hit during the recession.

Estimated Reading Time: 6 mins

Link: https://www.fortunebuilders.com/detroit-real-estate-market-trends/

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Detroit Commercial Real Estate Trends & Intelligence CRE

Detroit Crexi.com More results

2 hours ago In Dearborn, Ford’s real estate company recently completed the development of Wagner Place, a $60 million dollar, 150,000-square-feet office/mixed-use development in downtown. The facility was built keeping the walkability of downtown Dearborn in mind, and it …

Link: https://www.crexi.com/intelligence/detroit

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With far fewer houses, Michigan's real estate market is

With Bridgemi.com More results

2 hours ago However, the figures are an indication of what’s happening in the state, real estate industry experts said. The rising prices reflect “a strong housing market,” said Robert Dye, chief economist at Comerica Bank, with home sales reaching levels not seen since 2006.

Link: https://www.bridgemi.com/business-watch/far-fewer-houses-michigans-real-estate-market-absolutely-crazy

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Detroit, MI Real Estate Detroit Houses for Sale

Real Realtor.com More results

Just Now View 2097 houses for sale in Detroit, MI at a median listing price of $79,900. See pricing and listing details of Detroit real estate for sale.

Link: https://www.realtor.com/realestateandhomes-search/Detroit_MI

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Detroit Real Estate Forecast, Housing Market Prediction

Detroit Walletinvestor.com More results

9 hours ago Short-Term Outlook Based On The Last 12 Months. Detroit City is the 23. largest city in the United States, located in Michigan State.. During the last 12 months the real estate prices in Wayne, Detroit City increased, looking at the past 12 months.. According to Walletinvestor’s Detroit real estate market research, home values will increase in the next 12 months.

Link: https://walletinvestor.com/real-estate-forecast/mi/wayne/detroit-housing-market

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Metro Detroit housing market sees boom during COVID19

Metro Wxyz.com More results

2 hours ago Watch News Casts Live; Latest Videos Metro Detroit housing market sees boom during COVID-19 pandemic The course of the pandemic will shape the future of the real estate market

Link: https://www.wxyz.com/rebound/metro-detroit-housing-market-sees-boom-during-covid-19-pandemic

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2020 Detroit Housing Market: What's the Deal? Mashvisor

Detroit Mashvisor.com More results

4 hours ago Although property values in the market have been increasing for the past few years, Detroit house prices remain affordable compared to other major cities in the US housing market. Here is the median property price according to Mashvisor’s data: Median Property Price: $169,109. Price per Square Foot: $106.

Estimated Reading Time: 10 mins

Link: https://www.mashvisor.com/blog/detroit-housing-market-2020-deal/

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Metro Detroit home values rebound The Detroit News

Detroit Detroitnews.com More results

7 hours ago Assessed values in 2019 were still only 66% of what they were in 2007, according to county data. Similarly, Hamtramck's home values are still 80% of 2007's and Oak Park's are 74%. Countywide, home

Estimated Reading Time: 7 mins

Link: https://www.detroitnews.com/story/business/real-estate/2020/02/16/metro-detroit-home-values-rise-demand-for-housing/4626365002/

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Detroit Real Estate Detroit MI Homes For Sale Zillow

Detroit Zillow.com More results

4 hours ago Zillow has 2,300 homes for sale in Detroit MI. View listing photos, review sales history, and use our detailed real estate filters to find the perfect place.

End date: Aug 21, 2021

Link: https://www.zillow.com/detroit-mi/

Category: Real Estate Homes For Sale ZillowShow more

Detroit Real Estate Market Soldplicity

Detroit Soldplicity.ca More results

Just Now Detroit, Mich., has always been widely known for its sports teams, music and art. Once a popular and prosperous city, it has had its fair share of distress in the last couple of decades. With bankruptcy, violence and run-down businesses in its past, the Detroit real estate market has been hard to …

Link: https://soldplicity.ca/detroit-real-estate-market/

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Detroit Real Estate Market

Detroit Real-estate-us.info More results

5 hours ago Detroit Housing Market: House Prices & Trends Redfin. Detroit Redfin.com Related Item . 8 hours ago The Detroit housing market is somewhat competitive. Homes in Detroit receive 3 offers on average and sell in around 26 days. The average sale price of a home in Detroit was $71.4K last month, up 37.2% since last year. The average sale price per square foot in Detroit is $59, up 51.3% since last

Link: https://real-estate-us.info/detroit-real-estate-market/

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2021 Detroit Real Estate Market Investing Forecast Daily

Detroit Fromproperty.com More results

Just Now Note: Our market forecast includes Detroit data and data from its surroundings, including Warren and Dearborn, Michigan.Detroit is one of the largest cities in the Midwest. Second only to Chicago, it's Michigan’s biggest city, as well as the county seat for Wayne County. Notably, Detroit is also located on the…

Link: https://www.fromproperty.com/2021-detroit-real-estate-market-investing-forecast/

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Detroit, MI Homes For Sale & Detroit, MI Real Estate Trulia

Homes Trulia.com More results

4 hours ago 2,426 Homes For Sale in Detroit, MI. Browse photos, see new properties, get open house info, and research neighborhoods on Trulia.

End date: Aug 18, 2021

Link: https://www.trulia.com/MI/Detroit/

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MetroDetroit Hot Real Estate Markets are Doing Little to

Hot Crcmich.org More results

9 hours ago Real estate markets are red hot in Southeast Michigan and across the state, but this does not generally lead to increased property tax revenue for local governments. Farmington Hills provides an example of a city that experienced strong growth in property values prior to the Great Recession (2007-2009).

Link: https://crcmich.org/metro-detroit-hot-real-estate-markets-are-doing-little-to-help-local-government

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Real Estate Prices Are Rising in Detroit » RealtyBizNews

Real Realtybiznews.com More results

6 hours ago Finally some good news for Detroit, as according to an article in realtor.com, the property market is beginning to hot up. The latest figures for real estate prices in Detroit show they increased

Link: https://realtybiznews.com/real-estate-prices-are-rising-in-detroit/98731958/

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Detroit Real Estate Market Review 2021 • Benzinga My

Detroit Mymorethings.com More results

3 hours ago Detroit, Michigan has always been well known for its sports teams, music and arts. Once a popular and thriving city, it has experienced many disasters over the past couple of decades. With bankruptcy, violence and a run-down business in the past, Detroit’s real estate market has been difficult to reverse. The city was trying to […]

Link: https://mymorethings.com/detroit-real-estate-market-review-2021-benzinga/

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Detroit Housing Market Forecast 2020 Mashvisor

Detroit Mashvisor.com More results

9 hours ago The Real Estate Market Will Continue to Offer Affordable Property Prices The strongest highlight of Detroit’s rental market is its affordable property price tag. According to Mashvisor, the median price of a Detroit investment property is $167,550.

Estimated Reading Time: 6 mins

Link: https://www.mashvisor.com/blog/detroit-housing-market-2020/

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Oakland County's luxury home market booming Crain's

Oakland Crainsdetroit.com More results

4 hours ago Oakland County's luxury residential real estate market is seeing stronger prices and quicker sales over the past year, spurred in part by an influx of …

Link: https://www.crainsdetroit.com/real-estate/oakland-countys-luxury-home-market-booming

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Detroit: Real Estate and Market Trends : FortuneBuilders

Real Fbnew.nichebuilder.org More results

5 hours ago However, having made significant improvements over the course of a year, Detroit is poised to make a remarkable economic resurgence. That is great news for anyone that has already invested in the Detroit housing market, and should encourage others to do the same. As of July 2013, Detroit held a debt estimated to be between $18-20 billion.

Link: https://fbnew.nichebuilder.org/detroit-real-estate-market-trends/

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Metro Detroit real estate: Entrylevel homes hard to find

Metro Freep.com More results

3 hours ago News Sports Autos market in metro Detroit housing as would-be buyers continue to scramble over the slim number of for-sale houses — especially those with entry-level prices

Estimated Reading Time: 5 mins

Link: https://www.freep.com/story/money/business/2019/03/30/metro-detroit-housing-prices-michigan/3300500002/

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Detroit, KS Real Estate Overview

Real Realty.com More results

3 hours ago Detroit Real Estate. Detroit is located in KANSAS. Detroit, KANSAS has a population of 104. Detroit is more family-centric than the surrounding county with 40% of the households containing married families with children. The county average for households married with children is 28%. The median household income in Detroit, KS is $46,806.

Link: https://www.realty.com/KS/Detroit

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COVID19 Tanks Real Estate Market – CBS Detroit

Tanks Detroit.cbslocal.com More results

4 hours ago The uncertainty of COVID-19 and Governor Whitmer's Executive Orders shutting down the state have hit the Metro Detroit real estate market hard. However not in ways one would expect.

Estimated Reading Time: 3 mins

Link: https://detroit.cbslocal.com/2020/05/12/covid-19-tanks-real-estate-market/

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The Detroit Housing Market Urban Institute

The Urban.org More results

4 hours ago The mean sale price of units in Detroit is well below the national average and lower than the rest of Wayne County. However, select areas of the city, particularly downtown Detroit, have high mean sale prices. Old housing stock means that homes may need significant repairs and may not meet the housing preferences of current homebuyers.

Link: https://www.urban.org/sites/default/files/publication/88656/detroit_path_forward_finalized.pdf

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Detroit Real Estate Market The Comeback Kid in 2012?

Detroit Homebuyinginstitute.com More results

4 hours ago Detroit Housing Market, Then and Now. The Motor City was devastated by the fall of the housing market and subsequent recession. But things are starting to look up. Home prices in Detroit have likely hit bottom already. In fact, the Detroit metro area could be one of the most stable real estate markets in 2012.

Estimated Reading Time: 6 mins

Link: http://www.homebuyinginstitute.com/news/detroit-real-estate-200/

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Pace of metro Detroit home sales slows in October as

Pace Detroit.curbed.com More results

6 hours ago In October in Detroit, the median home sale price went up 2.5 percent year-over-year to $40,950, but total homes sold decreased nearly 9 percent to 362. Next Up In Detroit Real Estate Market

Link: https://detroit.curbed.com/2019/11/13/20963560/metro-detroit-home-sales-october-report

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Downtown Detroit sales prices rise to 'insane' levels

Detroit Freep.com More results

9 hours ago Detroit homeowners used to struggle more than a year to sell property, but about two-thirds of his listings sold over the past year in the district at or even above list price. Sale prices are

Estimated Reading Time: 7 mins

Link: https://www.freep.com/story/money/real-estate/home-sales/2016/04/23/detroit-downtown-midtown-condominiums-m1-rail-arena/83191622/

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Invest in Detroit Real Estate US Investor Group

Invest Usinvestorgroup.com More results

7 hours ago Detroit real estate investing has never been more exciting! There are many popular investment markets in across the US, which offer attractive returns. However, there is no market in the country that offers more to investors than Metro Detroit. Detroit real estate investing in 2018 can be very profitable. There are several reasons for this

Link: https://usinvestorgroup.com/invest-in-detroit-real-estate

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Frequently Asked Questions

Is the real estate market in Detroit Michigan rising?

Accordingly, LittleBigHomes.com estimates that the probability for rising house prices in Detroit, MI is 76% during this period. If this Housing Market Forecast is correct, home values will be higher in the 3rd Quarter of 2021 than they were in the 3rd Quarter of 2018.

How many houses are on the market in Detroit?

There are currently 2968 homes for sale in Detroit on Redfin.com at a median listing price of $49.9K. The asking price of homes for sale in Detroit has increased 13.4% since August 2018. Most homes for sale in Detroit stay on the market for 68 days and receive 1 offer.

How much does it cost to buy a house in Detroit MI?

Homes for Sale in Detroit, MI have a median listing price of $71,250 and a price per square foot of $58. There are 2,819 active homes for sale in Detroit, Michigan, which spend an average of 60 days on the market.

What's the real estate appreciation rate in Detroit?

Looking at just the latest twelve months, Detroit appreciation rates continue to be some of the highest in America, at 9.26%, which is higher than appreciation rates in 85.93% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Detroit.

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