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Chicago vs Detroit
Housing Market Comparison 2026
Chicago, IL
$365K
Seller's Market 67 days on market
Detroit, MI
$100K
Buyer's Market 62 days on market
Housing Market Comparison 2026
$365K
$100K
$266K
Detroit is more affordable than Chicago
That's a 72.7% difference
| Metric | Chicago | Detroit |
|---|---|---|
| Median Sale Price Lower price is better for buyers | $365K | $100K ✓ |
| Price Change (YoY) Higher = appreciation, Lower = value opportunity | +4.3% | +13.6% |
| Days on Market Faster = seller market, Slower = buyer opportunity | 67 days | 62 days |
| Active Inventory More inventory = more buyer options | 4,812 ✓ | 2,964 |
| Months of Supply <3 mo = seller market, >6 mo = buyer market | 2.5 | 6.3 |
| Sale-to-List Ratio Below 100% = buyers getting discounts | 98.6% | 96.9% ✓ |
| Market Type | Seller's Market | Buyer's Market |
Chicago
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Detroit
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Chicago
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Detroit
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Deciding between Chicago, Illinois and Detroit, Michigan? Both cities offer unique advantages for homebuyers. Chicago has a median home price of $365K while Detroit comes in at $100K—a difference of $266K.
Chicago is currently a seller's market with 2.5 months of housing inventory. Homes typically sell in 67 days. Meanwhile, Detroit is a buyer's market with 6.3 months of inventory and a 62-day average time on market.
Detroit currently favors buyers with more inventory and potential for negotiation.
Connect with experienced local agents in both cities to get personalized market insights.