Takes about two minutes. Or call
(313) 710-6129 — we answer.
How selling to us works in Detroit
Tell us about the house
The address is enough to start in Detroit. If you know the condition, the roof age or
what is owed, that gets us to a firmer number faster.
Get a written offer in 24 hours
A real number on paper, with the comparable sales and the repair estimate it came
from. No obligation and nothing to sign.
You pick the closing date
Seven days if you need it, ninety if you do not. We buy as-is, cover standard closing
costs, and take the house with whatever is still in it.
The Detroit market, by the numbers
From our own transaction records and HUD data for Detroit ZIP codes.
Updated 2026-09-14.
Detroit · MI
3 bed / 2 bathTypical home we buy
1,868 sq ftMedian size
1928Median year built
40 daysMedian days on market
$1,490/moHUD Fair Market Rent, 3BR
21ZIP codes we buy in
Across the Detroit properties in our records, the median time on market is 40 days. A cash sale skips that window entirely — there is no listing period, no showings, and no financing contingency that can collapse at day 30.
The typical Detroit home we look at was built in 1928, which means roof age, original electrical, and HVAC are the items that most often blow up a retail contract after inspection. We buy those as-is and price the repairs into the offer instead of asking you to make them.
HUD sets Fair Market Rent for a 3-bedroom in Detroit at $1,490/month. That number is why we can pay cash here: many of these homes work as long-term rentals for us, so we are not dependent on reselling quickly to make the numbers work.
Detroit is the oldest housing stock anywhere in our footprint — the typical house we look at predates 1930. That means knob-and-tube wiring, galvanized supply lines and a roof on its third life, and it means rental certification and any open blight tickets have to be cleared at closing.
Local viewDetroit, MichiganPhoto: TheWxResearcher · CC0 · Cropped and resized for web
Winter vacancy is the most common damage we see
A vacant house through one heating season is how most of the water damage in this region happens. Burst supply lines are routine for us and disqualifying for a mortgage buyer.
Water bills and municipal liens attach to the property
Unpaid water and sewer charges follow the deed here, not the person. They are payable out of closing proceeds — but a lender will usually walk once they surface on title.
That is 21 ZIP codes across Detroit — including 48202, 48203, 48204 and 48205. Not listed? We still look at it — Michigan deals outside these ZIPs come through regularly.
What homes are actually selling for in Detroit
Based on 960 recorded sales in Detroit. We publish this because the alternative is asking you to trust a number with nothing behind it.
Recorded sales · Detroit
$155,000Median sale price
$91Median per sq ft
960Sales analysed
1937Median year built
Half of those sales landed between $85,000 and $240,000. That spread is the most useful number here: it is why a cash offer on a Detroit house cannot be quoted from the address alone.
Home size
Median sale price
Sales
2-bedroom
$73,600
65
3-bedroom
$137,250
548
4-bedroom
$225,000
232
Recorded sales in our own comparable-sales database for these ZIP
codes. Sale prices reflect what buyers paid for homes in their condition at the time —
they are not an appraisal of your property and not an offer.
Detroit by ZIP code
We underwrite by ZIP, not by city. Here is what each one looks like in our data:
ZIP
Median sale
Per sq ft
Sales
HUD 3BR rent
48202
$290,000
$130
22
$1,580
48203
$123,000
$74
16
$1,310
48204
$142,000
$77
22
$1,470
48205
$87,500
$83
46
$1,590
48206
$220,000
$83
47
$1,360
48207
$177,500
$97
10
$1,620
48211
—
—
1
$1,430
48212
$230,000
$128
24
$1,330
48213
$71,745
$69
14
$1,330
48214
$322,500
$127
44
$1,310
48215
$246,000
$140
9
$1,450
48219
$166,250
$98
88
$1,670
Look at the gap between 48214 ($322,500) and 48213 ($71,745). Same city, roughly 350% apart. Anyone quoting you a citywide price per square foot is not looking at your block.
Sale figures are medians of recorded sales in our comparable-sales
database; rent is HUD Fair Market Rent for that ZIP. A dash means we do not hold enough data
for that ZIP to publish a number we would stand behind.
Neighborhoods we buy in around Detroit
We underwrite by block, not by city line. These are the Detroit neighborhoods where we hold enough recorded sales to publish a median:
We buy across Detroit, including these. We do not hold a mapped boundary for them, so rather than estimate a median we show the ZIP each one sits in — and the per-ZIP medians are in the table further up this page.
Boston Edison 48206
Brightmoor 48223
Chaldean Town 48203
Conant Gardens 48234
East English Village 48224
Grixdale Farms 48203
Indian Village 48214
Krainz Woods 48234
Lafayette Park 48207
New Center 48202
North End 48202
Palmer Park Apartment District 48203
Palmer Woods 48221
Rosedale Park 48223
Sherwood Forest 48221
Warrendale 48228
West Village 48214
Neighborhood boundaries from OpenStreetMap contributors (ODbL). Sale figures are medians of recorded sales in our own comparable-sales database for those boundaries — they describe the area, not your house, and they are not an offer.
What that means for an offer in Detroit
Cash offers are not a mystery — they are four lines of arithmetic. Run against the median Detroit sale, it looks like this.
After-repair value — what it sells for once renovated
$155,000
− Repairs to get it there
−$18,500
− Holding, closing and resale costs
−$15,500
− The buyer's margin
−$18,500
= Illustrative cash offer
$102,500
This is an illustration, not an offer on your house. Condition drives the second line and the second line drives everything else. We will show you our repair estimate item by item rather than presenting a single take-it-or-leave-it figure.
If your house is in good condition, this is also the calculation that tells you to
list it instead. We will say so. The full breakdown of
how the offer is built covers where the line falls.
How a closing actually works in Michigan
Michigan closings are typically handled by a title company. The wrinkle worth knowing is that taxable value uncaps on transfer, so the buyer's tax bill will not match the one on your statement — and in Detroit specifically, city rental certification and any open blight tickets have to be cleared before a file closes.
On our side the sequence is the same every time: title search, payoff figures ordered on
any existing mortgage, liens and municipal balances identified, then funds and deed recorded.
Nothing about a cash sale skips title work — what it skips is the lender, the appraisal
and the financing contingency, which is where most retail contracts on Detroit houses
actually die.
General information about how these transactions typically proceed, not
legal or tax advice. Your closing agent or attorney is the authority on your specific file.
Our offer versus listing it in Detroit
Listing with an agent
Our cash offer
Agent commission
About 6% of the sale price
None
Repairs before closing
Buyer and appraiser both have a say
None — we buy as-is
Cleaning and showings
Open houses and strangers in the house
Neither
Time to close
40 days on market, then another 30–45 to close
7–14 days once title is clear
Financing falls through
The most common reason a sale collapses
No lender involved
Closing costs
Customarily paid by the seller
We cover the standard ones
Certainty of the number
Offers can be renegotiated after inspection
The written number is the number
The listing timeline is the median days on market for Detroit in our own records, plus a typical financed closing. Commission is the customary 6% and varies by agreement.
Three days to change your mind
If you accept an offer, you have three days after signing to walk away for any reason
at all, with nothing owed and no explanation needed. We would rather lose a deal than
have someone feel cornered into one.
Sometimes you should not sell to us
If the house is in good shape and you are not in a hurry, listing it will almost
always net you more than we can offer. That is not us being modest — we buy at a
discount because we take on the repairs, the carrying costs and the risk.
We will tell you when that is your situation. It is a faster conversation for both of
us than pretending otherwise.
Why Detroit sellers call us
Most people who reach out are not shopping for the highest number — they are solving
something with a deadline attached. These pages cover what changes in each case:
The house has been vacant through a winter. Do you still want it?
Yes. Frozen and burst pipes are one of the most common things we see, and the resulting water damage is exactly what removes retail buyers from the pool.
How fast can you close in Detroit?
Typically 7-14 days once title is clear, because there is no lender underwriting. For comparison, the median Detroit listing in our records sits 40 days before it is even under contract, and closing runs another 30-45 days after that.
What about delinquent property taxes?
Delinquent taxes get paid from the sale proceeds. If the county has already begun forfeiture there is a deadline involved, so tell us early and we will check where it actually stands.
What fees or commissions will I pay?
None. There is no agent commission, no listing fee, and we cover standard closing costs. The number on the offer is what you net, minus any existing mortgage payoff or liens.
Get your Detroit cash offer
Send the address and we will come back within a day with a written number and the comps
it came from. If listing would net you more, we will tell you that instead.
Takes about two minutes. Or call
(313) 710-6129 — we answer.
Also from Restar
Want the data behind all of this?
Restar Acquisitions is the acquisitions arm of Restar — a housing-market analytics
platform tracking 180+ metrics across every U.S. market, with composite scores and 12-month
price forecasts. The numbers on this page come from the same work.
