Detroit Home Prices Surge 16% in One Year, Outpacing Southeast Michigan Market
Detroit’s housing market is heating up, with record-high median prices and faster sales compared to the broader metro area.
The Detroit housing market has experienced a sharp climb in home prices, according to the latest RE/MAX of Southeastern Michigan report. Between August 2024 and August 2025, average home prices within the city limits rose by nearly 16%, a growth rate that far exceeded other housing markets in the region.
Record-High Prices in Detroit
The report revealed that the median home sale price in Detroit reached $110,000, marking the highest level since data tracking began. In contrast, the median sale price across metro Detroit—which includes Livingston, Macomb, Oakland, and Wayne counties—stood at $332,500, reflecting a more modest 4.4% year-over-year increase.
Homes Selling Faster
Demand remains strong in the city. On average, homes in Detroit stayed on the market for 46 days in August 2025, two days fewer than the same period last year. In the broader metro area, homes typically sold in 24 days, one day longer compared to August 2024.
Market Insight
Commenting on the trend, Jeanette Schneider, President of RE/MAX of Southeastern Michigan, noted:“Buyers remain active but are becoming more selective. However, the recent decline in interest rates has provided some relief in terms of affordability.”
Conclusion
Detroit’s housing market continues to stand out in the region, with faster growth, record-breaking prices, and resilient buyer activity. While affordability challenges remain, lower interest rates and continued demand suggest the city’s real estate momentum is likely to carry forward into 2026.
