04/30/2026
📊 Detroit Housing Market Update — March 2026
The March numbers are in, and the Detroit market is giving us a lot to work with.
Single-Family Residential: Median sales price climbed 8.2% year-over-year to $92,000, and average prices are approaching $122,000. But closed sales dropped 24.3%, and months of supply rose to 5.7. Translation: inventory is growing, homes are sitting a little longer (63 days average), and buyers have more options than they did 12 months ago — but sellers still have pricing power in the right conditions.
Condominiums: A different dynamic entirely. Prices softened — median down 14.9% to $260,000 — but buyer activity is accelerating. Pending sales surged 55.6% and days on market dropped 30%. Condo buyers are recognizing value and acting on it.
What this means if you're thinking about making a move: ✅ Sellers — You have leverage, but presentation and pricing strategy matter more now than they did a year ago. ✅ Buyers — More inventory, more negotiating room on condos, and still-low prices relative to the broader MLS. ✅ Investors — Detroit continues to trade well below the state MLS median. The long-term upside case remains intact.
Every neighborhood tells a different story within these numbers. If you want to know exactly what's happening on your block — or what your home is worth in this market — I'm happy to put together a personalized breakdown.
📩 DM me directly or drop a comment below and I'll reach out.