Aug 2026
$103K
-1.6% year-over-year
How it’s calculated
Rolling 3-month median sale price vs. same 3 months one year prior.
Detroit, MI
Daily-refreshed real estate signals + Three-Opinion home-price methodology for Detroit, MI. Built for agents; free to read.
Detroit, MI’s median sale price is $103K as of Aug 2026 — -1.6% year over year. Pecan Street tracks Detroit with its Three-Opinion home-price methodology (Redfin, FHFA HPI, and Zillow ZHVI), with no market signals flagged right now.
Headline
Sep 18, 2026
7.04%
30-year fixed
Where it comes from
National benchmark: Optimal Blue OBMMI 30-year conforming, via FRED. An average of rates borrowers have actually locked, updated daily.
The same rate appears on every market page.
Principal & interest
$552/mo
$24K/yr income needed
How it’s calculated
Payment — this market’s median sale price with 20% down, on a 30-year fixed loan at the rate shown. Principal and interest only — no property tax, insurance, PMI or HOA.
Income needed — that payment at 28% of gross income. A rule of thumb, not a lending decision.
How Detroit compares to other U.S. metros
| Price-to-rent | ↓195th of 195 |
|---|---|
| Days on market | ↓165th of 194 |
| Home-price growth | ↓163rd of 195 |
| Price cuts | ↑67th of 194 (top 35%) |
Rank across the U.S. metros Pecan Street tracks, on market data alone — a higher rank means more of that measure (more price cuts, faster price growth, a wider asking-vs-sale gap, a higher price-to-rent ratio, or more days on market). The bar shows where this metro sits within that metric’s own cohort (left is more, right is less); ↑ and ↓ mark the positions furthest from the middle, and rows are ordered the same way. Metrics without data for this metro are omitted.
Affordability
| Price-to-rent ratio | ≈ 5 -3.7% YoY ↓195th of 195 |
|---|---|
| Asking price / sq ft | $186 +0.7% YoY |
Price-to-rent divides the median sale price by the annual HUD Fair Market Rent (a 3-bedroom, 40th-percentile benchmark), so it is a directional rent-vs-buy read, not a cap rate; its year-over-year change is directional in the same way. Asking price per square foot is the median across active for-sale listings (Realtor.com), as of Aug 2026. The bar under a figure places this metro among the U.S. metros we track on that measure, highest first.
Market pressure
| Listings with a price cut | ≈ 41% +0.6 pts YoY ↑67th of 194 (top 35%) |
|---|---|
| New housing units permitted | 655 |
Price-cut share is the portion of active for-sale listings that have taken a price reduction (Realtor.com), as of Aug 2026. New housing units authorized by residential building permits in the metro that month — new supply in the pipeline, which counts of existing listings don't capture (US Census Bureau, Building Permits Survey), as of Jul 2026. The bar under a figure places this metro among the U.S. metros we track on that measure, highest first.
Market facts
| ZIPs with listing data | 12 shown of 214 |
|---|---|
| MLS board of record | Realcomp II |
| Price methodology | Three-Opinion · Redfin · FHFA HPI · Zillow ZHVI |
| Data as of | Aug 2026 |
Recent signals
No signals flagged for this market right now.
Price reconciliation
red · 6.8ppRedfin (city) -1.6% | FHFA HPI · Q2 2026 +5.2% |
Year-over-year home-price change from two independent methods — Redfin (monthly sold price) and FHFA (quarterly repeat-sales index). When they diverge, the market is mid-shift; cite the figure with that in mind.
Market dispatches
Citable market dispatches for Detroit → Latest dispatch: Aug 14, 2026.
More markets in MI
Get the daily version of this page
Public weekly reads vs. daily-refreshed signals + a branded share-queue + a per-agent newsletter. Free trial.
Try it freeZIP-level data
| ZIP | Median list price | Active listings | New listings | Price reductions | Days on market | Home value |
|---|---|---|---|---|---|---|
| 48042 | $589K↑ | 139↓ | 68↓ | 44↑ | 46 | $440K↑ |
| 48073 | $375K↑ | 139↑ | 80↑ | 60↑ | 31↑ | $323K↑ |
| 48178 | $575K↓ | 128↑ | 64↓ | 52↑ | 43↑ | $477K↑ |
| 48205 | $75K↓ | 225↑ | 60↓ | 52↓ | 63↓ | $53K↓ |
| 48219 | $91K↓ | 171↓ | 64↓ | 48↑ | 51↑ | $91K↓ |
| 48221 | $175K↓ | 183↓ | 68↑ | 60↓ | 50↑ | $138K↓ |
| 48224 | $90K↓ | 290↑ | 96↓ | 84↓ | 59↑ | $82K↓ |
| 48227 | $89K↓ | 179↑ | 64↓ | 48 | 57↑ | $71K↓ |
| 48228 | $84K↓ | 208↑ | 64↓ | 60↑ | 50↑ | $71K↑ |
| 48234 | $70K↓ | 134↑ | 52↑ | 32↑ | 54↓ | $55K↓ |
| 48235 | $135K↑ | 160↓ | 76↓ | 48↓ | 58↑ | $97K↓ |
| 48238 | $86K↓ | 166↑ | 40↑ | 48↑ | 75↑ | $57K↓ |
ZIP figures from Realtor.com listing data; home value from Zillow ZHVI. ZIP codes shown have the most complete listing-data history and active for-sale inventory in this metro; the latest available month is shown per ZIP. Arrows show the direction of each figure against the same three months a year earlier; no arrow means the change rounds to zero or the comparison isn't available.