Neighborhood
Central Business DistrictDetroit, Michigan
Central Business District is a residential neighborhood in Detroit City, located in the Detroit, Michigan area of Wayne County. The housing stock consists primarily of condominium properties built between 1900 and 2022. The average home is 1,047 square feet with 2 bedrooms. Home values in Central Business District center around a median of $356,193, with the past year's sales spanning $165,000 to $1,850,000. That works out to a median of $315 per square foot. The Central Business District real estate market currently has 29 active listings and 25 pending, with asking prices from $175,000 to $805,625. 28 homes have sold in Central Business District over the past year against 54 current listings, yielding 12.4 months of inventory and buyer's market conditions. Homes sell in an average of 111 days on market. With 28 recorded sales in the past year, homeowners selling a home in Central Business District have strong comparable data to inform their listing strategy.
Residential Overview
29Active Listings
$356,193Median Sale Price (past 12mo)
111daysAvg Days on Market
$315Price per Sqft
28Sold (past 12mo)
12.4moBuyer's Market
1962Avg Year Built
1,047 sqftAvg Size
1.6Avg Beds
1.6Avg Baths
4,356 sqftAvg Lot
100%Garage
$604/moHOA Fee
Homes for Sale(24)
For Sale
1/43
$1,399,000
1450 6th Street, Detroit, MI 48226
Built 19060.42 ac
Multi-Fam
For Sale
1/22
$805,625
1 Park Avenue, 1309, Detroit, MI 48226
2 bd2 ba1,257 sqft
HOA: $1,068/mo
Condo
For Sale
1/22
$690,000
525 W Lafayette Boulevard, Detroit, MI 48226
Built 1927
Multi-Fam
For Sale
1/22
$680,000
525 W Lafayette Boulevard, 18E and 19C, Detroit, MI 48226
3 bd3 ba2,209 sqft
HOA: $1,416/mo
Condo
For Sale
1/24
$550,000
1135 Shelby Street, 2401, Detroit, MI 48226
2 bd2 ba1,300 sqft
HOA: $1,200/mo
Condo
For Sale
1/56
$549,900
525 W Lafayette Boulevard, 16B, Detroit, MI 48226
3 bd2 ba1,848 sqft
FHA
HOA: $1,000/mo
Condo
For Sale
1/41
$475,000
1135 SHELBY Street, 2509, Detroit, MI 48226
2 bd2 ba1,179 sqft
HOA: $1,075/mo
Condo
For Sale
1/35
$449,900
525 W LAFAYETTE Boulevard, 11D, Detroit, MI 48226
2 bd2 ba1,443 sqft
HOA: $833/mo
Condo
For Sale
1/29
$409,900
525 W Lafayette Boulevard, 18E, Detroit, MI 48226
2 bd2 ba1,238 sqft
HOA: $750/mo
Condo
For Sale
1/38
$404,000
525 W LAFAYETTE Boulevard, 13E, Detroit, MI 48226
2 bd2 ba1,238 sqft
HOA: $750/mo
Condo
For Sale
1/36
$399,850
1 Park Avenue, 1711, Detroit, MI 48226
1 bd1 ba701 sqft
HOA: $595/mo
Condo
For Sale
1/32
$385,000
525 W LAFAYETTE Boulevard, 21C, Detroit, MI 48226
2 bd1 ba1,350 sqft
HOA: $832/mo
Condo
For Sale
1/23
$375,000
1135 Shelby Street, 2505, Detroit, MI 48226
1 bd2 ba967 sqft
HOA: $882/mo
Condo
Under Contract
1/30
$375,000
525 W Lafayette Boulevard, 16D, Detroit, MI 48226
2 bd2 ba1,443 sqft
HOA: $833/mo
Condo
For Sale
1/24
$360,175
1 Park Avenue, 1315, Detroit, MI 48226
1 bd1 ba607 sqft
HOA: $515/mo
Condo
For Sale
1/28
$349,900
1001 W Jefferson Avenue 8A, Detroit, MI 48226
2 bd2 ba1,134 sqft
HOA: $800/mo
Condo
For Sale
1/33
$345,000
1001 W Jefferson Avenue, 9A, Detroit, MI 48226
2 bd2 ba1,134 sqft
HOA: $726/mo
Condo
Under Contract
1/61
$330,000
1001 W Jefferson Avenue, 18B, Detroit, MI 48226
2 bd2 ba1,201 sqft
HOA: $853/mo
Condo
For Sale
1/46
$330,000
1001 W Jefferson Avenue, 12i, Detroit, MI 48226
2 bd2 ba1,040 sqft
HOA: $740/mo
Condo
For Sale
1/41
$315,000
1001 W Jefferson Avenue, 6B, Detroit, MI 48226
2 bd2 ba1,202 sqft
FHA
HOA: $854/mo
Condo
For Sale
1/40
$315,000
1001 W Jefferson, 11B, Detroit, MI 48226
2 bd2 ba1,200 sqft
HOA: $768/mo
Condo
For Sale
1/38
$313,050
1 Park Avenue, 1604, Detroit, MI 48226
1 bd1 ba638 sqft
HOA: $542/mo
Condo
For Sale
1/45
$299,999
1001 W Jefferson Avenue, 2a, Detroit, MI 48226
2 bd2 ba1,134 sqft
HOA: $740/mo
Condo
For Sale
1/53
$289,900
1001 W Jefferson #11E Avenue, Detroit, MI 48226
2 bd2 ba
Condo
Multifamily Overview
2Active Listings
$285,000Median Sale Price (past 12mo)
108daysAvg Days on Market
1Sold (past 12mo)
24moBuyer's Market
1911Avg Year Built
3.3Avg Baths
18,295 sqftAvg Lot
Multi-Family for Sale(2)
Available for Rent(11)
$2,100/moMedian Rent
$1.97/sqftRent $/sqft
76dAvg DOM
21Leased (past 12mo)
For Rent
$6,360/mo
600 Woodward Avenue 2B, Detroit, MI 48226
2 beds3 baths1,400 sqft
For Rent
$5,274/mo
600 Woodward Avenue 4B, Detroit, MI 48226
2 beds3 baths1,400 sqft
For Rent
$4,250/mo
525 W Lafayette Boulevard 21E, Detroit, MI 48226
2 beds2 baths1,423 sqft
For Rent
$2,450/mo
1001 W Jefferson Avenue, Detroit, MI 48226
2 beds2 baths1,201 sqft
For Rent
$2,250/mo
525 W LAFAYETTE Boulevard, Detroit, MI 48226
2 beds1 bath1,350 sqft
For Rent
$2,225/mo
10 Witherell st #2803, Detroit, MI 48226
2 beds1 bath922 sqft
For Rent
$2,200/mo
1250 Library Street, Detroit, MI 48226
1 bed1 bath1,500 sqft
For Rent
$2,000/mo
1001 W JEFFERSON Avenue, Detroit, MI 48226
2 beds2 baths1,040 sqft
For Rent
$1,875/mo
10 Grand River ave unit #403, Detroit, MI 48226
1 bed1 bath1,000 sqft
For Rent
$1,700/mo
300 Riverfront Drive, Detroit, MI 48226
1 bed1 bath552 sqft
For Rent
$1,400/mo
2233 Park Avenue, Detroit, MI 48201
1 bed1 bath660 sqft
Commercial(6)
For Sale
$5,900,000
1250 Library Street, Detroit, MI 48226
For Sale
$2,600,000
565 E Larned Street, Detroit, MI 48226
For Sale
$1,500,000
1400 W FORT Street, Detroit, MI 48216
For Sale
$699,000
1350 W Fort Street, Detroit, MI 48226
For Sale
$680,000
525 W Lafayette Boulevard, Detroit, MI 48226
For Sale
$520,000
1360 W Fort Street, Detroit, MI 48226
Market Analytics
Recently Sold Residential (50)
Property Records
Per FEMA, Central Business District is classified as Zone X, indicating minimal flood risk; flood insurance is optional. Flood zone boundaries are subject to change by FEMA map revision. Verify current status at FEMA Map Service Center before making purchasing decisions. Per City of Detroit Local Historic Districts, Data Driven Detroit via ArcGIS, the Central Business District area is located within the Washington Boulevard Local Historic District (2025). For property owners, exterior changes may require Historic District Commission (HDC) approval Historic district boundaries may change by municipal ordinance. Verify current status with the local Historic District Commission before making purchasing decisions.
Source: FEMA National Flood Hazard Layer · Source: Detroit Historic District Commission
Frequently Asked Questions about Central Business District
What are home prices like in Central Business District?
The median sale price in Central Business District over the past 12 months is $356,193, based on 28 closed sales. Sale prices have ranged from $165,000 to $1,850,000. That works out to roughly $315 per square foot.
How many homes are for sale in Central Business District?
Central Business District currently has 29 homes listed for sale. Asking prices range from $175,000 to $805,625. 25 additional listings are pending or under contract.
What kind of housing is available in Central Business District?
Central Business District consists primarily of condominium properties built between 1900 and 2022. The average home size is 1,047 square feet. Homes typically have 2 bedrooms.
What is the average days on market in Central Business District?
Homes in Central Business District sell in an average of 111 days, based on 28 sales over the past 12 months.
How competitive is the Central Business District real estate market?
With 12.4 months of inventory, Central Business District is currently a buyer's market. This is based on 29 active listings and 28 sales in the past 12 months.
How big are lots in Central Business District?
Homes in Central Business District sit on an average of 4,356 sqft. Lot sizes can vary significantly within the area.
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