Detroit Motors to the Top of New Luxury Housing Market Ranking
(Published on - 10/30/2025 2:31:59 AM)
Detroit Motors to the Top of New Luxury Housing Market Ranking—Here’s How Its Fortune Has Changed
In a surprising turn of events, Detroit has emerged as the top luxury market according to the Wall Street Journal/Realtor.com® Emerging Housing Market Index report. Despite its history of financial challenges, Detroit now boasts a thriving luxury real estate market, offering accessible luxury to buyers looking for high-end properties at relatively affordable prices. The city's appeal lies in a combination of strong buyer demand, reasonable pricing, and balanced market fundamentals, making it a standout destination in the luxury housing landscape. Neighboring suburbs, such as Bloomfield Hills and Birmingham, also contribute to Detroit's luxury market success, with median prices below the national average.
The Motor City is getting a new reputation and it's an expensive one. Detroit tops the list of luxury markets, according to a new Wall Street Journal/Realtor.com® Emerging Housing Market Index report.
Yes, that's right—Detroit, a city that once filed for Chapter 9 bankruptcy, now can claim bragging rights as the No. 1 luxury metro.
"Detroit rose to the top because it combines strong buyer demand, attainable pricing, and balanced market fundamentals, traits that have become increasingly valuable in today’s high-end housing landscape," explains Anthony Smith, senior economist at Realtor .com.
CLICK HERE FOR THE FULL ARTICLE FROM REALTOR.COM OCTOBER 23, 2025
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