48223 Home Values & Market Trends
There are 398 homes currently listed for 48223. 48223 real estate market trends show that home prices range from $5,000 to $1,196,515, and the median sales price in the 48223 zip code is $85,053. The total number of properties sold within the past twelve months is 277. In 48223, 37 properties are in foreclosure, 14 are bank owned properties,and 23 are headed for auction.
48223 Real Estate Market Overview
| City | Median Est. Value |
|---|---|
| Detroit | $ 86,978 $ 80/sqft |
Housing Market Summary for 48223
| Sep 2025 | September 2026 | Change | |
|---|---|---|---|
| Median Listing Price | $85,000 | $90,000 | 5.88% |
| Median Sold Price | $146.4K | $65,391 | -55.33% |
| Homes For Sale | 374 | 393 | 5.08% |
| Homes Sold | 131 | 79 | -39.69% |
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 48223
Browse Homes in 48223
The median list price of a home in Detroit, is $85,053. A total of 398 properties are for sale, and the percentage of properties for sale in the zip code is 398.00%. The total count of 48223 properties is 550.
- Pre-ForeclosurePre-foreclosure homes account for 0% of all residential properties in 48223 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 48223; 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 48223 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 2.55% of properties in 48223. There is 1 cities within 48223; 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 48223. Auction homes and other auction properties account for 4.18% of all properties in 48223. There is 1 cities within 48223; 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 48223
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.
