Market Intelligence · MI / Detroit

Detroit, MI 48201 Housing Market

The typical home in Detroit, MI 48201 is worth $414,676, down 5.3% over the past year as of 2026-08-01. The median list price is $414,900, and homes spend a median of 60 days on the market. That points to a market where values have slipped and buyers are taking their time.

Updated August 2026Median value$415K

The median home value in Detroit, MI 48201 is $415K as of August 2026, down 5.3% year over year, according to Zillow ZHVI. Get your own home's value and a real cash offer in about two minutes, with sources shown and no obligation.

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Typical 48201 range

$382K to $448K

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

-5.3% over 12 months

Typical home value in 48201 over the last 12 months: $438K in Aug 2025 to $415K in Aug 2026 (-5.3%).

Aug 2025$438K

Aug 2026$415K

The numbers

What is the 48201 housing market like?

Typical home value

$415K

Down5.3%YoY

Median list price

$415K

Down0.6%MoM

Days on market

60

Up3.4%MoM

Homes for sale

41

Up2.5%MoM

Price cuts

13.1%

Up12.0%MoM

New listings

16

Up60.0%MoM

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

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The comparison

How do 48201 home prices compare?

  • 48201$414,676
  • Detroit$87,394
  • Michigan$243,093
  • United States$288,625

Median Zillow home value (ZHVI), as of August 2026. Comparison levels are medians across every ZIP code with Zillow data (Detroit: 25 ZIPs; Michigan: 891 ZIPs; United States: 26,265 ZIPs).

Context

As of 2026-08-01, there are 41 homes for sale in 48201, with 16 new listings coming on the market. The median list price is $414,900, very close to the typical home value of $414,676, which has fallen 5.3% over the past year. Homes sit for a median of 60 days, and 13.1% of listings have taken a price cut. Inventory is moving, but slowly, and some sellers are already adjusting their asking prices. For a seller, the honest read is that pricing accurately from day one matters more than it did a year ago.

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