48122 Home Values & Market Trends
There are 165 homes currently listed for 48122. 48122 real estate market trends show that home prices range from $16,000 to $250,000, and the median sales price in the 48122 zip code is $138,782. The total number of properties sold within the past twelve months is 112. In 48122, 5 properties are in foreclosure, 2 are bank owned properties,and 3 are headed for auction.
48122 Real Estate Market Overview
| City | Median Est. Value |
|---|---|
| Melvindale | $ 138,782 $ 150/sqft |
Housing Market Summary for 48122
| Sep 2025 | September 2026 | Change | |
|---|---|---|---|
| Median Listing Price | $142.4K | $144.9K | 1.76% |
| Median Sold Price | $155K | $132.6K | -14.42% |
| Homes For Sale | 120 | 161 | 34.17% |
| Homes Sold | 71 | 28 | -60.56% |
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 48122
Browse Homes in 48122
The median list price of a home in Melvindale, is $138,782. A total of 165 properties are for sale, and the percentage of properties for sale in the zip code is 165.00%. The total count of 48122 properties is 198.
- Pre-ForeclosurePre-foreclosure homes account for 0% of all residential properties in 48122 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 48122; 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 48122 ranges from the highest value of $112,167 in melvindale to the lowest value of $102,332 in melvindale. Bank owned homes and properties account for 1.01% of properties in 48122. There is 1 cities within 48122; melvindale containing 2 REO properties, has the highest number of bank owned properties in a single city.
- Auctionsmelvindale has 3 auction properties, the highest number of properties going to auction in a single city in the state of 48122. Auction homes and other auction properties account for 1.52% of all properties in 48122. There is 1 cities within 48122; of that cities, the median estimated home value for homes going to auction ranges from $139,892 in melvindale to the lowest value of $111,877 in melvindale.
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Guide for 48122
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.
