Homes Under $500K in Detroit, MI

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Detroit housing market

August 2026 · This period is still settling

Selling at 96.9% of asking price

Buyers here are paying below asking. MLS · 369 sales · as of Aug 31, 2026

Homes that sold · County records, as of Aug 10, 2026

Median sale price: $39,917$22,140–$138,750 typical range
Price per sq. ft.: $34
Sales: 18
Paid in cash: 77.8%

Homes on the market · MLS, as of Aug 24, 2026–Aug 31, 2026

Median list price: $110,000

Detroit, MI community profile

Population: 629,481
Median income: $41,130
Housing units: 301,020
People per sq. mi.: 4,621.7
Area: 136.2 sq. mi.

Source: HJN community data

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Detroit housing market

Homes that sold · County records, as of Aug 10, 2026

Homes on the market · MLS, as of Aug 24, 2026–Aug 31, 2026

Detroit, MI community profile

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Detroit, MI community profile

Detroit housing market

Homes that sold · County records, as of Aug 10, 2026

Homes on the market · MLS, as of Aug 24, 2026–Aug 31, 2026

Price trend · Assessor repeat sales, as of Aug 31, 2026

Housing stock — every home in the area, not only the ones selling or listed · Assessor records, as of Aug 20, 2026