Top Real Estate Agents in Detroit, Michigan

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    • Rank – City SidesFull NameCompanyLocationSidesProfile
    1Sherri SaadRE/MAX Leading EdgeDetroit, MI 211.0View Profile
    2Erica CollicaMax Broock RealtorsDetroit, MI 76.0View Profile
    3Desiree BourgeoisRedfinDetroit, MI 47.0View Profile
    4Justin CainBerkshire Hathaway HomeServices The Loft WarehouseDetroit, MI 45.0View Profile
    5Jan DijkersBerkshire Hathaway HomeServices The Loft WarehouseDetroit, MI 43.0View Profile

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    2023 Detroit, Michigan Housing Market Summary

    Detroit, Michigan started 2023 with a total of 1,699 single-family homes on the market, with a median home price of $70,000 and an average price per square foot of $70. By the end of the year, inventory had increased to 1,961 homes on the market (+15%), with a median home price of $79,900 (+14%) and an average price per square foot of $78 (+11%).

    At the start of 2023, the median days on market (DOM) was 77 days – by the end of the year, median DOM had remained the same at 77 days.

    Detroit started the year with 37% of homes taking a price cut (for reference, 35% is the national average for price reductions in a ‘normal’ year.) By the end of the year, about 36% of Detroit homes for sale had taken a price cut.

    Finally, Altos’ proprietary Market Action Index (MAI) shows that Detroit started 2023 as a seller’s market, with an MAI score of 42; by the end of the year, the MAI had dropped to 30 – a balanced buyer and seller’s market.

    This market summary is powered by Altos Research – click here to run a free report for your area.

    Real Estate News

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    Side files preliminary injunction against Alexander brothers in wake of arrests 

    Dec 17, 2024By

    Side has filed a preliminary injunction against Tal and Oren Alexander and their brokerage, Official Partners, that seeks to prevent them from dissipating, hiding or moving collateral for a loan that Side claims the brothers have defaulted on.

    Housing Market News

    New apartments under construction

    New apartment construction hasn’t lowered rents in many areas 

    Dec 17, 2024By

    Redfin reported a 18-month high in asking rent prices for new construction apartments. Can low-income workers keep up in 2025?

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    Agent News

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    Another sexual assault suit is being filed against broker Oren Alexander 

    Dec 12, 2024By

    An unnamed Jane Doe is seeking compensatory and punitive damages in relation to an alleged “planned brutal rape” in Miami in 2016.