Latest Housing Market Data Report, Detroit, MI for Jul 27-Aug 03, 2024

**Last month sold data is not available in Realtor, Homes and Trulia

Sales rate = no of properties sold/avg no of properties listed

Sold Highlights

Website Sold
Redfin

65

-8% WoW

-14% MoM

Zillow

59

-2% WoW

-15% MoM

For Sale Highlights

Website For sale
Homes.com

262

5% WoW

-3% MoM

Realtor.com

250

5% WoW

0% MoM

Redfin

309

23% WoW

-1% MoM

Trulia

270

0% WoW

-30% MoM

Zillow

222

6% WoW

-32% MoM

Rental Highlights

Website For rent
Zillow

429

-2% WoW

-22% MoM

WoW (Week-over-Week): Represents the percentage change in the number of properties compared to the previous week.

MoM (Month-over-Month): Reflects the percentage change in the number of properties compared to the previous month.

Medain days on market: The median number of days that homes in Detroit, MI remain listed before being sold.

Medain sale price: The median price at which homes across Detroit, MI were sold.

Medain list price: The median price at which homes across Detroit, MI were listed.

Medain price per sqft: The median sale price per square foot in Detroit, MI.

Percent of Sales Under/Over List price: Share of sales where sale price below/above the final list price; excludes homes sold for exactly the list price.

Percent homes with price drop: The share of homes that have reduced their price from the initial listing price.