And now for something completely different:
Median Detroit home prices!
Metro Detroit:
May 2020:
$224,225
May 2021:
$277,225 (+23.6%)
Wayne County:
May 2020:
$132,000
May 2021:
$175,000 (+32%)
Detroit (city):
May 2020:
$41,000
May 2021:
$65,000 (+58%)
Link to source:
Median Sales Price of Existing Homes in Metro Detroit Jumps 23% to $277,225 in May
Looking at Zillow's list of single family homes currently for sale, here is break down on price:
up to $9,999:
273 *
$10,000 to $49,999:
280
$50,000 to $99,999:
420
$100,000 to $199,999:
176
$200,000 to $299,999:
43
$300,000 to $399,999:
31
$400,000 to $499,999:
13
$500,000 to $699,999:
17
$700,000 to $999,999:
11
$1 million and up:
4 **
* Many of these are owned by the Detroit Land Bank and have a starting bid of $1,000 and require fixing the house and a commitment to paying taxes for five years.
** The most expensive home for sale is the 15,379 sq.ft. former residence of Sebastian S. Kresge, founder of SS Kresge's and K-Mart, at $3.26 million.
Photo credit: I took this picture in 2006 (flickr).
I highly recommend reviewing the 99 photos of the Kresge mansion on its Zillow page (large rooms, 14 bedrooms, lots of old school craftsmanship in interior, and 4 acres of landscaped grounds).
Zillow: 70 W Boston Blvd, Detroit, MI 48202
Overview:
Credit: Zillow / KW Showcase Realty.
A sample interior shot:
Credit: Zillow / KW Showcase Realty.