Detroit, MI Home Values & Market Trends
Real estate market trends reflect that there have been 7,307 transactions over the past year in Detroit. The median value for residential home transactions that occurred over the previous year is $86,984. The number of current listings in Detroit is 11,272, and the percentage of properties for sale in the city is 11272.00%. Detroit, MI currently has 784 properties in foreclosure, 441 bank owned properties, 343 properties headed for auction, and 11,272 properties for sale.
Detroit, MI Real Estate Market Overview
| Zip | Median Est. Value | Zip | Median Est. Value |
|---|---|---|---|
| 48224 | $ 90,000 $ 81/sqft | 48215 | $ 129,000 $ 94/sqft |
| 48228 | $ 79,900 $ 83/sqft | 48210 | $ 86,117 $ 80/sqft |
| 48227 | $ 80,000 $ 69/sqft | 48202 | $ 259,000 $ 129/sqft |
| 48205 | $ 66,825 $ 64/sqft | 48209 | $ 121,758 $ 93/sqft |
| 48235 | $ 115,831 $ 101/sqft | 48208 | $ 117,397 $ 77/sqft |
| 48219 | $ 89,900 $ 90/sqft | 48207 | $ 145,893 $ 82/sqft |
| 48221 | $ 153,500 $ 109/sqft | 48217 | $ 67,528 $ 65/sqft |
| 48238 | $ 71,150 $ 56/sqft | 48211 | $ 70,000 $ 54/sqft |
| 48234 | $ 69,485 $ 67/sqft | 48216 | $ 196,894 $ 134/sqft |
| 48204 | $ 72,004 $ 61/sqft | 48201 | $ 850,059 $ 406/sqft |
| 48206 | $ 141,803 $ 87/sqft | 48226 | $ 399,000 $ 325/sqft |
| 48223 | $ 85,053 $ 85/sqft | 48242 | $ -- $ -- |
| 48213 | $ 65,335 $ 49/sqft | 48243 | $ -- $ -- |
| 48214 | $ 129,999 $ 95/sqft |
Housing Market Summary for Detroit, MI
| Sep 2025 | September 2026 | Change | |
|---|---|---|---|
| Median Listing Price | $92,721.249 | $90,022.249 | -2.91% |
| Median Sold Price | $96,136.633 | $79,940 | -16.85% |
| Homes For Sale | 10,617 | 11,157 | 5.09% |
| Homes Sold | 3,706 | 1,775 | -52.10% |
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 Detroit, MI
Browse Homes in Detroit, MI
Detroit home values range from $10,500 to $1,890,900. The median estimated value of a home in Detroit is $86,984. The median list price of a home is 89,870.444, and the total count of properties in the city is 14,522.
- Pre-ForeclosurePre-foreclosure homes account for 0% of all residential properties in Detroit, MI with $[pre-foreclosures-highest-count-region] containing 0 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There are 27 zips within Detroit, MI; of those zips, 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 Detroit, MI ranges from the highest value of $133,225 in 48201 to the lowest value of $12,500 in 48213. Bank owned homes and properties account for 3.04% of properties in Detroit, MI. There are 27 zips within Detroit, MI; 48205 containing 44 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions48221 has 46 auction properties, the highest number of properties going to auction in a single zip in the state of Detroit, MI. Auction homes and other auction properties account for 2.36% of all properties in Detroit, MI. There are 27 zips within Detroit, MI; of those zips, the median estimated home value for homes going to auction ranges from $490,000 in 48216 to the lowest value of $34,177 in 48216.
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Guide for Detroit, MI
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.
