Houses in Detroit are selling for as little as $10, check out Real Estate Agent Tim Prophits website. Google Bearing Group Detroit. Their cheapest house is listed at $99.00. They claim to have sold 394 bank foreclosed house for under $1,000.00. Average Detroit house prices in 2004 were $100,000.00 today $11,500.00. Fannie Mai foreclosed properties can be refinanced to qualified buyers on 3% deposit and can borrow more than the purchase price to complete makeovers or repairs. Unbelievable!