Detroit-Warren-Dearborn Housing Market

$262,571

3.5% 1-yr

The average Detroit-Warren-Dearborn home value is $262,571, up 3.5% over the past year and goes to pending in around 15 days.

What is the Zillow Home Values Index?

Zillow Home Value Index (ZHVI), built from the ground up by measuring monthly changes in property level Zestimates, captures both the level and home values across a wide variety of geographies and housing types.

Learn more about the Zillow Home Value Index

Detroit-Warren-Dearborn Key Takeaways

Typical Home Values: $262,571

1-year Value Change: +3.5%

(Data through April 30, 2025)

Detroit-Warren-Dearborn Housing Market Overview

--1-year Market Forecast

10,412For sale inventory(March 31, 2025)

3,671New listings(March 31, 2025)

0.994Median sale to list ratio(March 31, 2025)

$227,967Median sale price(March 31, 2025)

$224,633Median list price(March 31, 2025)

32.1%Percent of sales over list price(March 31, 2025)

51.1%Percent of sales under list price(March 31, 2025)

15Median days to pending(March 31, 2025)

(Metric availability is based on market coverage and data)

How does this data help me?
Zillow's metrics provide valuable market data by tracking market changes in different locations and housing types.

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Detroit-Warren-Dearborn Rental Market Trends

$1,497Average rent in Detroit-Warren-Dearborn(April 30, 2025)

$2,024National average rent(April 30, 2025)

0.7%Month-over-month change(April 30, 2025)

4.9%Year-over-year change(April 30, 2025)

How does this data help me?
The Zillow Observed Rent Index (ZORI) measures changes in asking rents over time, controlling for changes in the quality of the available rental inventory.