United States > Michigan > Wayne > Detroit

Detroit Michigan Housing Market Overview

Detroit’s housing market shows remarkable growth, with the median sale price reaching $98,000, a 26.9% increase from last year. Price per square foot has risen by 17.9% to $79, reflecting increasing demand for housing in the area. Traditional sales take around 46 days, with sellers typically receiving 94.6% of the listing price, ensuring that your investment retains its value. Importantly, market performance varies across neighborhoods—from established areas like Royal Oak and Birmingham, known for their thriving communities, to emerging locations in Warren and Sterling Heights, presenting new opportunities for buyers and sellers alike. Our network of buyers can complete transactions in just 10 days, offering a swift and efficient alternative to traditional selling processes.

Why now is a good time to sell your property in Detroit Michigan

We serve throughout Metro Detroit, including Royal Oak, Sterling Heights, and Dearborn. Our experience covers various property types such as single-family homes and condos, multi-tenant properties, commercial buildings, and inherited homes or rental properties. Serving Wayne, Oakland, and Macomb counties, we provide cash offers within 72 hours and can close in 10 days, effectively eliminating traditional sale complications.

Experience a Better Way to Sell Your Detroit Home

Benefits of Owner Advocate

Benefits of Owner Advocate
Whether you’re in Dearborn Heights, Warren, or Royal Oak, our process works for properties in any condition. Save time and money while maintaining complete control over your sale timeline.
At Owner Advocate, we’ve simplified the process of connecting you with buyers for your Detroit home into four straightforward steps: 1. Initial Consultation: We learn about your situation and desired timeline, allowing us to understand your specific needs. 2. Professional Evaluation: We assess your property’s true value, looking past surface issues that could otherwise misrepresent its worth. 3. Cash Offer: Receive a fair, no-obligation offer within 72 hours, giving you peace of mind. 4. Quick Closing: Close in as few as 10 days on your schedule, making it a convenient option. Serving all Metro Detroit areas, including Royal Oak, Troy, and Sterling Heights, we provide a hassle-free solution that eliminates repairs, showings, and lengthy negotiations.
$98,000
Median Sale Price
94.6%
List Price to Sale Price Ratio
46
Median Days on Market
$79
Price Per Square Foot
546
Number of Homes Sold (Month)
(Metrics from Redfin)
How does this data help me?
The Owner Advocate displays market data by showing market changes in locations across the USA
City Map
Detroit Key Takeaways
Median Sale Price:
$98,000
Scottsdale housing market is changing
$98,000
The average home value is $98,000 and goes to pending in around 46 days.
46
Average Days on Market
on average for MLS listed homes
Don't wait!
Now is a great time to sell your home.
Get the best cash offer for your property
Your home has more value than you might expect.

Why now is a good time to sell your property in Detroit Michigan?

When circumstances change quickly in Detroit, selling your home shouldn’t slow you down. Common situations include job relocations in Michigan’s growing automotive and tech sectors, which require sellers to act swiftly. Financial challenges, inherited properties requiring quick resolution, divorce settlements needing immediate property division, foreclosure prevention, and managing costly repairs in aging homes are situations that demand prompt action. Our streamlined process delivers cash offers within 72 hours, with closing possible in just 10 days, helping you transition smoothly during life changes.

Frequently Asked Questions About Selling Your Detroit Home

Q: How quickly can you close on my Detroit home?

A: We can close in 10 days after offer acceptance, with cash offers provided within 72 hours of viewing your property.

Q: Do you buy homes in as-is condition?

A: Yes, we purchase Detroit homes in any condition — including those with damage, mold, or outdated features. No repairs or cleaning needed.

Q: Are there any fees or commissions?

A: No fees or commissions — we cover all closing costs. What we offer is what you receive.

Q: How does your buying process work?

A: Contact us, schedule a walkthrough, receive an offer within 72 hours, then close as quickly as 10 days.

Q: Which areas do you serve?

A: We buy throughout Metro Detroit, including Warren, Sterling Heights, Dearborn, Royal Oak, Troy, and surrounding communities in Oakland, Macomb, and Wayne County.

Get Top Dollar for your Home

Ready for a fast, hassle-free home sale in Detroit? With local home prices up 26.9% to $98,000, now could be the perfect time to sell. We serve all Metro Detroit communities with our streamlined process: Why Choose Us:
  • Cash offers within 72 hours
  • Close in 10 days
  • No repairs or cleaning needed
  • Zero realtor fees
From fire-damaged properties to inherited homes, our network buys houses in any condition across Metro Detroit. Request your free, no-obligation cash offer today and experience a simpler way to sell your home.