Market Intelligence · MI / Detroit

Detroit, MI 48201 Housing Market

Homes in Detroit 48201 are worth a typical $420,528, down 4.6% over the past year. The median list price sits at $399,900, with homes spending a median 63 days on market as of September 2026.

Updated September 2026Median value$421K

The median home value in Detroit, MI 48201 is $421K as of September 2026, down 4.6% year over year, according to Zillow ZHVI. For a read on your own home, start with a free consultation: a licensed local pro will walk you through your numbers and your options, with no obligation.

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Typical 48201 range

$387K to $454K

This is an automated estimate, not an appraisal. Actual value is determined by current market conditions and professional evaluation. It is provided for informational purposes only and is not an offer to buy or a promise of value.

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12-month value trend

-4.6% over 12 months

Sep 2025$441K

Low $418KHigh $441K

Sep 2026$421K

The numbers

What is the 48201 housing market like?

As of September 2026

Typical home value

$421K

4.6%YoY

Median list price

$400K

3.6%MoM

Days on market

5.0%MoM

Homes for sale

19.5%MoM

Price cuts

33.8%

157.7%MoM

New listings

37.5%MoM

Sources · Zillow ZHVI (September 2026) / Realtor.com (September 2026) / FRED (October 2026)

The outlook

48201 housing market forecast 2027

+0.5%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 48201 to rise 0.5% by September 2027.

Over the 12 months through September 2026, typical home values in 48201 fell 4.6%, per the Zillow Home Value Index.

Will home prices drop in 48201?

Zillow's forecast does not call for a drop: it expects typical home values in 48201 to rise 0.5% by September 2027, after a 4.6% decline over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

Forecast: Zillow Home Value Forecast, published October 2026. A forecast, not a guarantee.

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The comparison

How do 48201 home prices compare?

48201$420,528
Detroit$86,511
Michigan$241,156
United States$285,347

Median Zillow home value (ZHVI), as of September 2026. Comparison levels are medians across every ZIP code with Zillow data (Detroit: 25 ZIPs; Michigan: 891 ZIPs; United States: 26,262 ZIPs).

Context

The 48201 ZIP has 49 homes for sale and 10 new listings as of September 2026. The median list price of $399,900 reflects softer demand, and homes are taking 63 days on the market to move. About one-third of listings have seen a price cut, which signals seller adjustment to current conditions. For homeowners weighing a sale, this is a buyer's market where pricing discipline and realistic expectations matter.

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Home price

Down payment20% · $84,106

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Common questions

What people ask us.

What is a typical home worth in 48201?

The typical home value is $420,528 as of September 2026, down 4.6% over the past year.

How long do homes stay on market in 48201?

Homes spend a median 63 days on market in 48201.

How many homes are for sale in 48201?

As of September 2026, there are 49 homes for sale in this ZIP.

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