Detroit Real Estate

64 neighborhoods and communities

Active listings 3,214

Sold (past 12mo) 5,496

HFG -20.1%ⓘ

Household Formation Gap (HFG) is a secondary market indicator that measures hidden housing demand created by shrinking household sizes. As average household size decreases — due to divorce, single living, empty nesting, delayed marriage — more housing units are needed even without population growth. HFG compares the estimated number of households needed today versus 15 years ago: (population ÷ avg household size). This is a demographic trend signal, not a primary market indicator like income-based affordability or comparative market analysis. Source: U.S. Census Bureau, American Community Survey 5-Year Estimates (2009–2023), Tables B01003, B25010, B25001.

Your Detroit Realtor

Alexander Munro

Broker of Record · MI License #6502405404

Direct-to-broker representation for buyers and sellers in Detroit and across Southeast Michigan. No team handoffs, no junk fees, full media included on every listing. Research-first approach grounded in MLS, public records, and on-the-ground knowledge of the local market.

(734) 272-6612 [email protected]Full bio & credentials →

Explore by Area

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Featured Neighborhoods and Condos

Neighborhoods(54)

255 active

Harmony Village

Median $99,500

239 active

Middle Woodward

Median $275,000

226 active

Finney

Median $120,000

210 active

Mackenzie

Median $82,658

206 active

Cerveny Grandmont

Median $119,000

190 active

Durfee

Median $175,000

187 active

Denby

Median $84,900

183 active

Mt Olivet

Median $75,000

175 active

Butzel

Median $265,000

175 active

Rosa Parks

Median $180,000

150 active

Evergreen

Median $92,000

143 active

Jeffries

Median $299,950

Condo Communities(10)

200 River Place

No active listings

Art Center Town Carriage Homes

No active listings

Campau Farms Condominiums

No active listings

Gramont Manor

No active listings

Hancock Square

No active listings

Park Shelton Condos

No active listings

Riverfront Towers

No active listings

S Adelaide Unit 30 Wayne County

No active listings

Shoreline East

No active listings

Village Square

No active listings

Frequently Asked Questions about Detroit

How many homes are for sale in Detroit?

There are currently 3,214 active listings in Detroit. The median asking price is $100,000.

What are home prices like in Detroit?

Based on 5,496 sales in the past year, homes in Detroit have a median price of $100,000.

What is the average days on market in Detroit?

Over the past year, homes in Detroit spent an average of 90 days on market before selling.

What are the best neighborhoods in Detroit?

Detroit has 64 distinct neighborhoods and condo communities. Popular areas include Harmony Village, Middle Woodward, Finney, Mackenzie, Cerveny Grandmont, Durfee. Of these, 10 are condo communities.

Which school districts cover Detroit?

Multiple school districts may serve Detroit. Michigan school district boundaries are independent of city borders. The school district for a specific property depends on its exact location within the city.

How competitive is the Detroit real estate market?

Detroit is currently a buyer's market, with 7.0 months of supply. That ratio comes from 3,214 active listings relative to 5,496 sales per year.

How are property taxes calculated in Detroit?

Property taxes in Detroit are based on a property's State Equalized Value (SEV), which is roughly 50% of market value, multiplied by the local millage rate. Homestead properties (primary residences) receive a lower rate than non-homestead. Tax bills are split into summer and winter installments.

What is the Household Formation Gap in Detroit?

Based on Census Bureau ACS data, Detroit shows a -20.1% Household Formation Gap. Despite household size decreasing from 2.84 to 2.47, the 30.5% population decline has reduced the overall number of households needing housing. This is a secondary demographic indicator, distinct from primary market measures.

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