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Homes for Sale Under 500K in Detroit, MI

5,433 Homes for Sale

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Showing 253 - 294 of 5,433 homes for sale in Detroit, MI

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Detroit, MI Housing Market Overview

Detroit is a buyer's market right now. Homes are sitting on the market for 72 days on average. With 12.7 months of supply, there's less pressure to rush and more room to negotiate on price and terms.

Status

Buyer's Market

Days on Market

72

Inventory

6,468

Sep 2021Jun 2024Sep 2026

Median Home Price

$100,500Up 11.67%

In Sep 2026 · YoY

Sep 2021Jun 2024Sep 2026

Mortgage Rates 30-Yr Fixed

6.23%Down 0.58%

Current rate · YoY

Loan Type

30-Year Fixed

Housing Supply

Homes For Sale
6,468 Up 108.31%
Newly Listed Homes
6,788 Down 15.13%
Months of Supply
12.7 Up 234.21%

Housing Demand

Homes Sold
1,522 Down 0.00%
Sale-to-List Ratio
94.9% Down 0.96%
Homes Sold Above List
24.1% Down 1.07%

30-yr fixed rate 6.23% · Data as of Sep 2026 · Source: Houzeo Research.

View Full Detroit Market Report
No. of Homes
Prices
Houses for Sale in Islandview, Detroit
208
-
Houses for Sale in Hubbell Lyndon, Detroit
162
-
Houses for Sale in Morningside, Detroit
137
-
Houses for Sale in Dexter Linwood, Detroit
133
-
Houses for Sale in North End, Detroit
132
-
Houses for Sale in Warrendale, Detroit
115
-
Houses for Sale in Fitzgerald, Detroit
103
-
Houses for Sale in Bagley, Detroit
99
-
Houses for Sale in Outer Drive Hayes, Detroit
98
-
Houses for Sale in North Corktown, Detroit
97
-
Houses for Sale in Midwest, Detroit
91
-
Houses for Sale in Barton Mc Farland, Detroit
90
-
Houses for Sale in Oakman Blvd Community, Detroit
90
-
Houses for Sale in Jefferson Chalmers, Detroit
85
$187,499
Houses for Sale in Regent Park, Detroit
73
-
Houses for Sale in Woodbridge, Detroit
72
-
Houses for Sale in Moross Morang, Detroit
67
-
Houses for Sale in Crary St Marys, Detroit
65
-
Houses for Sale in Brightmoor, Detroit
65
-
Houses for Sale in Nardin Park, Detroit
64
-
Core City, Detroit Neighborhood Guide
Lafayette Park, Detroit Neighborhood Guide
Bagley, Detroit Neighborhood Guide
Morningside, Detroit Neighborhood Guide
Nardin Park, Detroit Neighborhood Guide
Corktown, Detroit Neighborhood Guide
Jefferson Chalmers, Detroit Neighborhood Guide
Woodbridge, Detroit Neighborhood Guide
Mapleridge, Detroit Neighborhood Guide
Pulaski, Detroit Neighborhood Guide
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  • mls-imgIDX Logo
    Based on information from the Board/Association of REALTORS® (alternatively, from the Realcomp II Ltd. MLS) through Oct 29, 2026, 2:15 PM. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified. IDX provided courtesy of Realcomp II Ltd. via Andover Real Estate & Houzeo, Copyright 2026 Realcomp II Ltd. Shareholders Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Listing Information presented by local MLS brokerage: Andover Real Estate, local REALTOR®- Scott Rubin - (248)206-3666 . Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. ​© 2024 Realcomp II Ltd. MLS. All Rights Reserved.
  • mls-imgIDX Logo
    Based on information from MiRealSource through Oct 29, 2026, 2:15 PM . All information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Provided through IDX via MiRealSource, Inc. Courtesy of MiRealSource Shareholder. © 2026 MiRealSource. All Rights Reserved.
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Homes Available icon

5,433

Homes Available

Median List Price icon

$ 100,500

Median List Price

Avg on Market icon

72 Days

Avg on Market