MONEY GLOBE XDetroit, MI housing market: home values, sales and rents
The typical home value in the Detroit, MI metro area was $264,316 in September 2026, up 1.8% over a year and up 21.9% over five years. Across the United States the typical value was $366,157 (up 1.2% over a year). Homes sold at 100.0% of their asking price, with 3.2 months of supply on the market. Typical rent was $1,514 a month. Our simple reading of these numbers: balanced market.
Updated November 04, 2026.
Reading: Balanced market
The numbers
| Measure | Latest | 1-year change | As of |
|---|---|---|---|
| Typical home value | $264,316 | +1.8% | September 2026 |
| Typical value — lower-priced third | $133,771 | +0.6% | September 2026 |
| Typical value — higher-priced third | $465,313 | +2.4% | September 2026 |
| Median sale price | $294,900 | +9.2% | August 2026 |
| Median list price | $259,000 | +2.8% | September 2026 |
| Sale price vs asking price | 100.0% | no change | August 2026 |
| Homes sold above asking | 38% | -3.0 pts | August 2026 |
| Homes sold (month) | 5,103 | -9.7% | September 2026 |
| New listings (month) | 4,884 | -7.2% | September 2026 |
| Homes for sale | 16,125 | +6.6% | September 2026 |
| Months of supply | 3.2 months | +0.5 | September 2026 |
| Sales-to-new-listings ratio | 104% | -2.9 pts | September 2026 |
| Days to an accepted offer (median) | 19 days | +3.0 | September 2026 |
| Typical rent (all homes) | $1,514 | +4.2% | September 2026 |
| Zillow market heat index buyer's market on Zillow's scale (0–100) | 40 | -4.0 | September 2026 |
Typical home value (Zillow Home Value Index)
What the numbers say
- Zillow market heat index 40 of 100: buyer's market on Zillow's scale (0–100).
- 3.2 months of supply: normal (3 to 6).
- The typical home sells at 100.0% of its asking price.
- Homes sold equal 104% of new listings this month, slower than this city's usual pace (117% on average since 2018).
- Typical home value up 1.8% over a year.
Source: Zillow Research (zillow.com/research/data).
Metro-area statistics from Zillow Research. The sales-to-new-listings ratio and months of supply are calculated by Money Globe X from Zillow's counts of homes sold, new listings and homes for sale.
Statistics for information and education only — not real estate, financial or investment advice. Figures are monthly or yearly averages for a whole metro area; a single home or neighbourhood can differ a lot.
Nearby: other places in MI
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Updated November 04, 2026. Sources: Zillow Research. Educational information only - not financial advice.