Detroit, MI metro area Housing Market Brief
metro · as of May 2026
What is Detroit, MI metro area’s Alpha Score?
The Alpha Score is a composite 0–100 index of market strength, a weighted blend of five dimensions. See the methodology.
Where is Detroit, MI metro area in its market cycle?
Detroit, MI metro area is classified as Recovering — turning back up after a downturn. This is a classification of recent (1–12 month) momentum, not a price forecast.
Detroit, MI metro area housing market data
| Metric | Value | YoY |
|---|---|---|
| Median Sale Price | $225K | ▲ +4.6% |
| Median Days on Market | 22 days | ▲ +15.8% |
| Months of Supply | 3.3 | ▲ +37.5% |
| Homes for Sale | 4,687 | ▲ +6.7% |
| Homes Sold | 1,441 | ▼ -21.6% |
| Median Price / Sq Ft | $156 | ▲ +6.3% |
| Sale-to-List Ratio | 98.9% | 0% |
How has Detroit, MI metro area’s Alpha Score moved?
Markets like Detroit, MI metro area
- Little Rock, AR metro areametro48
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- Pittsburgh, PA metro areametro47
- Hinesville, GA metro areametro47
- St. Louis, MO metro areametro50
- Cleveland, OH metro areametro50
- Jackson, MS metro areametro42
- Buffalo, NY metro areametro49
- Gadsden, AL metro areametro46
- Louisville, KY metro areametro45
Frequently asked questions
Is Detroit, MI metro area a buyer's or seller's market?
As of May 2026, Detroit, MI metro area is classified as a Balanced Market, based on its Alpha Score of 47 out of 100. The classification reflects current price, inventory, affordability, economic, and rental-yield conditions.
Are home prices rising or falling in Detroit, MI metro area?
The median sale price in Detroit, MI metro area is $225K, having risen 4.6% over the past year.
How affordable is Detroit, MI metro area?
Detroit, MI metro area scores 50 out of 100 on affordability — moderately affordable relative to local incomes and prevailing mortgage rates compared with other metros.
What's driving Detroit, MI metro area's Alpha Score?
Detroit, MI metro area's strongest dimension is Price Momentum (60/100) and its weakest is Inventory Health (30/100). The Alpha Score is a weighted blend of all five dimensions.
Want the live, interactive view of Detroit, MI metro area? Open the full market dashboard — charts, ZIP-level drill-down, and watchlist tracking. Explore the map or read the methodology.