Detroit, MI Real Estate Market Report
The median home price in Detroit, MI is $307,704, having risen +3.1% over the past year, with homes selling in about 38 days on market. That is against a national 30-year mortgage rate of 6.47%.
Price and value
Zillow home-value data for Detroit, MI runs from Nov 2025 through May 2026. Prices have risen +3.1% year over year, with the median now at $307,704.
Home value trend (Nov 2025 to May 2026)
Market velocity
Homes in Detroit, MI are spending about 38 days on market, with 9,361 active listings available to buyers.
Days on market trend (Nov 2025 to May 2026)
Commercial and capital markets
On the commercial side, Detroit, MI carries 1,300 securitized (CMBS) loans totaling $6,389,600,000 in outstanding balance.
Local economy
The local labor market shows 6.5% unemployment against a median household income of $78,420.
Go deeper on Detroit, MI
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Updated May 2026. Sources: Zillow, Realtor.com, SEC, Census/ACS, FRED.