Search home sale prices by ZIP code
Six years after the end of the Great Recession, the sale prices of existing homes continue to climb in metro Detroit. Wayne County, which has the lowest median home sale price in the region, saw its median home value rise 114% between 2009 and 2015, the fastest growth rate in metro Detroit.
Of course, when prices are low, the only place to go is up.
In Detroit, between 2009 and 2015, the median home sale value increased more than 300%, from $7,000 to $30,000. Other Wayne County communities — including River Rouge and Ecorse — have also seen rock bottom prices increase, from a median value of $100 and $1,500, respectively, in 2009 to median values of $25,000 and $20,000, respectively, as of last month.
Median home sale prices by ZIP code
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Source: Free Press analysis of Advertising that Works data
Note: Median home prices are based on existing residential homes sales of $1 or more between Jan. 1, 2009-June 9, 2015.
Pontiac and Inkster experienced similar gains, with median home sale values rising from about $10,000 to more than $30,000 since the end of the recession. The median home sale value in Southfield increased by more than 100%, from $42,000 in 2009 to $98,000, year to date.
Even some of the most expensive communities for housing in metro Detroit have posted large gains. Grosse Pointe Farms, Grosse Pointe Park, Birmingham and South Lyon experienced more than a 50% increase in median home sale price since the end of the recession.
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Change in metro Detroit median home sale prices
Source: Free Press analysis of Advertising that Works data
Note: Median home prices are based on existing residential homes sales of $1 or more between Jan. 1, 2009-June 9, 2015.