Sell My House Fast Sell Your Home in Detroit

The Detroit housing market shows positive growth in early 2025, with the average home value at $73,442, representing a 5.0% increase over the past year. The market remains moderately competitive, with homes typically going pending in around 35 days. There’s some variation in reported prices, with the median listing price at $85,300, showing a significant 13.7% year-over-year increase. The price per square foot stands at approximately $69, reflecting a 6.2% increase since last year. Despite being one of the more affordable major urban markets in the U.S., Detroit continues to attract investors with forecasts suggesting continued price growth of 3-4% annually through 2025. Popular Detroit, MI neighborhoods include:

• Corktown – The oldest neighborhood in Detroit, offering some of the best bars and restaurants in the city. This historic district provides a great range of dining options and maintains its distinctive character while experiencing revitalization
• Midtown – A bohemian atmosphere with deep history in art and music, anchored by Wayne State University, The Detroit Institute of Arts, and Little Caesars Arena. This highly walkable neighborhood is experiencing higher appreciation rates compared to other areas
• Downtown – Completely transformed over the last few years, Downtown Detroit now features numerous restaurants, bars, shopping venues, and beautiful parks. The area includes Greektown, Lafayette Park, Elwood Park, and Rivertown, making it a great destination while visiting the city