Why Live in Downtown Detroit
Downtown Detroit, situated between Highway 10 and Interstate 375, is a vibrant and walkable community known for its high-rise condos and a mix of renovated Art Deco buildings from the 1920s and 1930s. The area has seen significant growth since 2010, with a 23% increase in population, leading to the development of new apartments, condos, and mixed-use commercial spaces. Residents enjoy easy access to amenities, including Detroit’s top restaurants, nightlife, and all four professional sports teams. The neighborhood is also home to numerous museums and music venues, making it a hub for things to do. Notable dining options include the historic American Coney Island and Central Kitchen + Bar, while grocery needs can be met at Meijer, Whole Foods, and Plum Market. For shopping, the Somerset Collection offers luxury and local designer goods. The Detroit Riverwalk, a 3-mile trail, provides opportunities for running and biking, passing landmarks like the Aretha Franklin Amphitheater and Robert C. Valade Park. Hart Plaza and Campus Martius Park host various seasonal activities, from summer festivals to winter ice skating. Cass Technical High School, a highly rated institution, serves the area’s students with a range of specialized courses. Transportation options are plentiful, with rentable bikes and scooters, the Q-Line train, and the Detroit People Mover monorail. For longer trips, Detroit Metropolitan Airport is 20 miles west.
Home Trends in Downtown Detroit, MI
On average, homes in Downtown Detroit, Detroit sell after 84 days on the market compared to the national average of 51 days. The median sale price for homes in Downtown Detroit, Detroit over the last 12 months is $351,375, up 5% from the median home sale price over the previous 12 months.
Median Sale Price
$351,375
Median Townhouse Sale Price
$415,000
Median 2 Bedroom Sale Price
$349,999
Median 1 Bedroom Sale Price
$219,950
Average Price Per Sq Ft
$338
Number of Homes for Sale
23
Last 12 months Home Sales
26
Median List Price
$351,250
Median Change From 1st List Price
6%
Median Home Sale Price YoY Change
5%