Detroit's housing market is somewhat competitive, with homes receiving about two offers and selling in roughly 43 days on average. The median sale price in July 2025 was $105,000 and the median sale price per square foot was $82. The Redfin Compete Score is 43, indicating some competitiveness. Average homes sell about 4% below list and go pending in around 41 days, while hot homes can sell about 2% above list and go pending in roughly 15 days. The sale-to-list price ratio is 96.4%; 28.0% of homes sold above list and 27.0% experienced price drops. Detroit's median sale price is 75% lower than the national average, while the overall cost of living is 2% higher than the national average.
"Detroit's housing market is somewhat competitive. Homes in Detroit receive 2 offers on average and sell in around 43 days. In July 2025, the median sale price was $105,000 and the median sale price per square foot was $82. Redfin Compete Score: 43 (Somewhat Competitive). The average homes sell about 4% below list price and go pending in around 41 days;"
"The average homes sell about 4% below list price and go pending in around 41 days; hot homes can sell about 2% above list and go pending in around 15 days. Sale‑to‑list price ratio: 96.4%; 28.0% of homes sold above list; 27.0% had price drops. Detroit's median sale price is 75% lower than the national average, and the overall cost of living is 2% higher than the national average. Latest Detroit listings"
Read at Redfin | Real Estate Tips for Home Buying, Selling & More
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