48240 Home Values & Market Trends
There are 385 homes currently listed for 48240. 48240 real estate market trends show that home prices range from $24,900 to $360,000, and the median sales price in the 48240 zip code is $165,818. The total number of properties sold within the past twelve months is 254. In 48240, 20 properties are in foreclosure, 3 are bank owned properties,and 17 are headed for auction.
48240 Real Estate Market Overview
| City | Median Est. Value |
|---|---|
| Redford | $ 179,413 $ 162/sqft |
Housing Market Summary for 48240
| Sep 2025 | September 2026 | Change | |
|---|---|---|---|
| Median Listing Price | $169.9K | $164.9K | -2.94% |
| Median Sold Price | $187.1K | $141.6K | -24.31% |
| Homes For Sale | 295 | 381 | 29.15% |
| Homes Sold | 110 | 43 | -60.91% |
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 48240
Browse Homes in 48240
The median list price of a home in Redford, is $165,818. A total of 385 properties are for sale, and the percentage of properties for sale in the zip code is 385.00%. The total count of 48240 properties is 471.
- Pre-ForeclosurePre-foreclosure homes account for 0% of all residential properties in 48240 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 48240; 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 48240 ranges from the highest value of $214,538 in redford to the lowest value of $93,965 in redford. Bank owned homes and properties account for 0.64% of properties in 48240. There is 1 cities within 48240; redford containing 10 REO properties, has the highest number of bank owned properties in a single city.
- Auctionsredford has 55 auction properties, the highest number of properties going to auction in a single city in the state of 48240. Auction homes and other auction properties account for 3.61% of all properties in 48240. There is 1 cities within 48240; of that cities, the median estimated home value for homes going to auction ranges from $330,366 in redford to the lowest value of $31,351 in redford.
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More Real Estate Resources for 48240
Guide for 48240
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.
