48197 Home Values & Market Trends
There are 804 homes currently listed for 48197. 48197 real estate market trends show that home prices range from $30,000 to $2,399,000, and the median sales price in the 48197 zip code is $358,000. The total number of properties sold within the past twelve months is 588. In 48197, 19 properties are in foreclosure, 10 are bank owned properties,and 9 are headed for auction.
48197 Real Estate Market Overview
| City | Median Est. Value |
|---|---|
| Ypsilanti | $ 299,900 $ 202/sqft |
Housing Market Summary for 48197
| Sep 2025 | September 2026 | Change | |
|---|---|---|---|
| Median Listing Price | $356.9K | $350K | -1.95% |
| Median Sold Price | $357.7K | $351.1K | -1.85% |
| Homes For Sale | 464 | 796 | 71.55% |
| Homes Sold | 408 | 224 | -45.10% |
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 48197
Browse Homes in 48197
The median list price of a home in Ypsilanti, is $358,000. A total of 804 properties are for sale, and the percentage of properties for sale in the zip code is 804.00%. The total count of 48197 properties is 1,067.
- Pre-ForeclosurePre-foreclosure homes account for 0% of all residential properties in 48197 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 48197; 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 48197 ranges from the highest value of $415,349 in ypsilanti to the lowest value of $54,814 in ypsilanti. Bank owned homes and properties account for 0.94% of properties in 48197. There is 1 cities within 48197; ypsilanti containing 14 REO properties, has the highest number of bank owned properties in a single city.
- Auctionsypsilanti has 17 auction properties, the highest number of properties going to auction in a single city in the state of 48197. Auction homes and other auction properties account for 0.84% of all properties in 48197. There is 1 cities within 48197; of that cities, the median estimated home value for homes going to auction ranges from $434,949 in ypsilanti to the lowest value of $112,391 in ypsilanti.
Compare Nearby Zip Codes
More Real Estate Resources for 48197
Guide for 48197
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.
