48204 Home Values & Market Trends
There are 63 homes currently listed for 48204. 48204 real estate market trends show that home prices range from $12,000 to $195,000, and the median sales price in the 48204 zip code is $58,544.85. The total number of properties sold within the past twelve months is 389. In 48204, 34 properties are in foreclosure, 28 are bank owned properties,and 6 are headed for auction.
48204 Real Estate Market Overview
| City | Median Est. Value |
|---|---|
| Detroit | $ 81,645 $ 67/sqft |
Housing Market Summary for 48204
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $65,250 | $62,594 | -4.07% |
| Median Sold Price | $49,398.167 | $62,594 | 26.71% |
| Homes For Sale | 60 | 55 | -8.33% |
| Homes Sold | 668 | 214 | -67.96% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in 48204
Browse Homes in 48204
The median list price of a home in Detroit, is $58,544.85. A total of 63 properties are for sale, and the percentage of properties for sale in the zip code is 63.00%. The total count of 48204 properties is 10,091.
- Pre-ForeclosurePre-foreclosure homes account for 0% of all residential properties in 48204 with $[pre-foreclosures-highest-count-region] containing 0 pre-foreclosures, the highest number of pre-foreclosure properties in a single city. There is 1 cities within 48204; of that cities, the estimated home value for pre-foreclosure homes ranges from $0 in N/A to the lowest home value of $0 in $[pre-foreclosures-lowest-avm-region].
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in 48204 ranges from the highest value of $703,438 in detroit to the lowest value of $19,688 in detroit. Bank owned homes and properties account for 0.28% of properties in 48204. There is 1 cities within 48204; detroit containing 397 REO properties, has the highest number of bank owned properties in a single city.
- Auctionsdetroit has 157 auction properties, the highest number of properties going to auction in a single city in the state of 48204. Auction homes and other auction properties account for 0.06% of all properties in 48204. There is 1 cities within 48204; of that cities, the median estimated home value for homes going to auction ranges from $1,329,734 in detroit to the lowest value of $21,658 in detroit.
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More Real Estate Resources for 48204
Guide for 48204
Explore the nuances of Michigan’s 2023 real estate market, where rising property values meet shifting sold prices and distressed properties offer investment opportunities amidst a stable yet competitive landscape.
The 2023 Detroit real estate market trend showed steady average listing values and an increase in property sales, with neighboring cities displaying more fluctuation but higher property values. This reflects the city’s resilience amidst an unpredictable industry landscape.
Why Buying a Foreclosure is a Smart Move
Buying a new home is an important milestone for many. But how do you make sure you pick the right mortgage?
