Is Detroit, MI 48214 a buyer’s or seller’s market?
Detroit is a buyer’s market. With about 9 months of supply, buyers usually have more time and more room to negotiate on price and terms.
Months of supply9Under 4 months = seller’s market
Sold above original list8.3%Share of sales, last 3 months
Median sale-to-list94.5%Sold price ÷ list price
Median days on market76Listing to accepted offer
Median price per sq ft$113▲ +0.1% vs. last year
Run the numbers for 48214
Nearby markets
Allen Park 48101Seller’s market $145 /sq ftBelleville 48111Seller’s market $184 /sq ftCanton 48187Seller’s market $196 /sq ftCanton 48188Seller’s market $192 /sq ft Browse all markets →Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology