Is now a good time to buy a home in Detroit, MI?
The typical home value in Detroit, MI is $78K as of Aug 2026 (Zillow Home Value Index), down 5.9% from a year earlier. Over five years prices have compounded at +0.4% a year and sit 10.9% below their peak. Prices are 24.4% below their 10-year trend line.
Detroit, MI price trend & forecast
Frequently asked questions
Is now a good time to buy a home in Detroit, MI?
As of Aug 2026, our buy-timing signal for Detroit, MI is ACCUMULATE — prices are near fair value with a modest expected change (-0.2% over 12 months). Buy opportunistically and negotiate on price. Seasonally, prices tend to be softest around Feb 2027. Buy-timing score: 79/100.
Will home prices in Detroit, MI go down in 2027?
The model projects -0.2% over the next 12 months: about $78K by Aug 2027, with an 80% range of $74K–$82K (today $78K). Forecasts are statistical and can be wrong — rates, supply and local events matter.
What is the average home price in Detroit, MI?
The typical (mid-tier) home value in Detroit, MI is $78K as of Aug 2026, -5.9% year over year.
What is the cheapest time of year to buy in Detroit, MI?
Historically, prices in Detroit, MI run lowest in February, about 1.5% below the annual average, and highest in July.
Other cities in Michigan
Source & method
Data: Zillow Home Value Index (ZHVI) — all homes, mid-tier, raw monthly, monthly, latest Aug 2026. Page regenerated 2026-10-08 22:04 PDT. Signals combine valuation vs the long-run trend, momentum and a damped-trend forecast with seasonal adjustment; the “best price window” is the lowest point of the projected path. BUY = prices projected to rise and not stretched; ACCUMULATE = near fair value; WAIT = a dip is projected; HOT = running well ahead of trend; CAUTION = stretched with fading momentum.