The Downtown Detroit housing market is somewhat competitive. The median sale price of a home in Downtown Detroit was $338K last month, down 10.0% since last year.
What is the housing market like in Downtown Detroit today?
In February 2024, Downtown Detroit home prices were down 10.0% compared to last year, selling for a median price of $338K.
$1.45M
Sale Price
$500
Sale $/Sq. Ft.
Under List Price
4%
Days on Market
39
Down Payment
—
Total Homes Sold
1
To compare other locations to the Downtown Detroit and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Detroit add value to a home.
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How hot is the Downtown Detroit housing market?
Downtown Detroit is somewhat competitive. Homes sell in 39 days.
0
100
48
Somewhat Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
Some homes get multiple offers.
The average homes sell for about 4% below list price and go pending in around 39 days.
Hot homes
can sell for around list price and go pending in around 8 days.
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Downtown Detroit housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Downtown Detroit.
Risk Factor
Flood Factor - Moderate
27% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Downtown Detroit has a moderate risk of flooding. 136 properties in Downtown Detroit are likely to be
severely affected
by flooding over the next 30 years. This represents 27% of all properties in Downtown Detroit. Flood risk is increasing slower than the national average.
<1% of properties are at risk of wildfire over the next 30 years
Fire Factor
Downtown Detroit has a minor risk of wildfire. There are 3 properties in Downtown Detroit that have some risk of being affected by wildfire over the next 30 years. This represents <1% of all properties in Downtown Detroit.
Downtown Detroit has minimal risk of severe winds over the next 30 years
Wind Factor
Downtown Detroit has a Minimal Wind Factor®, which means there is a very low likelihood that hurricane, tornado or severe storm winds will impact this area.
99% of properties are at moderate
risk of heat over the next 30 years
Heat Factor
Downtown Detroit has a moderate risk from heat. This is due to
"feels like" temperatures
increasing, and because 99% of homes in Downtown Detroit have a Moderate Heat Factor®.
Downtown Detroit is expected to see a 128% increase in the number of days over 95ºF over the next 30 years. Downtown Detroit is expected to experience 8