48209 Home Values & Market Trends
There are 116 homes currently listed for 48209. 48209 real estate market trends show that home prices range from $5,995 to $849,900, and the median sales price in the 48209 zip code is $121,758. The total number of properties sold within the past twelve months is 116. In 48209, 6 properties are in foreclosure, 5 are bank owned properties,and 1 are headed for auction.
48209 Real Estate Market Overview
| City | Median Est. Value |
|---|---|
| Detroit | $ 86,978 $ 80/sqft |
Housing Market Summary for 48209
| Sep 2025 | September 2026 | Change | |
|---|---|---|---|
| Median Listing Price | $141.9K | $137.9K | -2.82% |
| Median Sold Price | $111.6K | $79,443 | -28.84% |
| Homes For Sale | 85 | 112 | 31.76% |
| Homes Sold | 73 | 42 | -42.47% |
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 48209
Browse Homes in 48209
The median list price of a home in Detroit, is $121,758. A total of 116 properties are for sale, and the percentage of properties for sale in the zip code is 116.00%. The total count of 48209 properties is 175.
- Pre-ForeclosurePre-foreclosure homes account for 0% of all residential properties in 48209 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 48209; 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 48209 ranges from the highest value of $1,286,795 in detroit to the lowest value of $12,500 in detroit. Bank owned homes and properties account for 2.86% of properties in 48209. There is 1 cities within 48209; detroit containing 448 REO properties, has the highest number of bank owned properties in a single city.
- Auctionsdetroit has 347 auction properties, the highest number of properties going to auction in a single city in the state of 48209. Auction homes and other auction properties account for 0.57% of all properties in 48209. There is 1 cities within 48209; of that cities, the median estimated home value for homes going to auction ranges from $1,550,000 in detroit to the lowest value of $24,900 in detroit.
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Guide for 48209
Foreclosure is a term that can sometimes lead to confusion for those looking to make a real estate investment. In simple terms, it refers to the process where a lender takes possession of a property after the owner fails to keep up with their mortgage payments. When it comes to land, this means that buyers […]
Descubre todo lo que necesitas saber sobre cómo comprar una casa en ejecución hipotecaria.
Learn how to buy a foreclosed home in Chicago, Illinois.
Tips to find a home in pre-foreclosure and get a good deal on a new home.
