Market Intelligence · MI / Detroit

Detroit, MI 48202 Housing Market

The typical home value in Detroit's 48202 ZIP is $184,429, down 10.5% over the past year. Homes listed here are selling slower, with a median of 49 days on market and a median list price of $257,450.

Updated September 2026Median value$184K

The median home value in Detroit, MI 48202 is $184K as of September 2026, down 10.5% 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 48202 range

$170K to $199K

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

-10.5% over 12 months

Sep 2025$206K

Low $181KHigh $206K

Sep 2026$184K

The numbers

What is the 48202 housing market like?

As of September 2026

Typical home value

$184K

10.5%YoY

Median list price

$257K

2.8%MoM

Days on market

24.6%MoM

Homes for sale

7.7%MoM

Price cuts

26.2%

22.6%MoM

New listings

60.0%MoM

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

The outlook

48202 housing market forecast 2027

+1.2%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 48202 to rise 1.2% by September 2027.

Over the 12 months through September 2026, typical home values in 48202 fell 10.5%, per the Zillow Home Value Index.

Will home prices drop in 48202?

Zillow's forecast does not call for a drop: it expects typical home values in 48202 to rise 1.2% by September 2027, after a 10.5% 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 48202 home prices compare?

48202$184,429
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

As of September 2026, there are 98 homes for sale in 48202, with 32 new listings arriving recently. The median days on market sits at 49, indicating a slower-moving inventory. About 26.2% of listings have already seen a price cut, a sign that the market is working through an adjustment. Given the 10.5% annual decline in typical home value, sellers should understand that conditions favor patience and realistic pricing.

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Home price

Down payment20% · $36,886

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Common questions

What people ask us.

What is the typical home value in 48202?

The typical home value is $184,429, down 10.5% over the past year as of September 2026.

How long do homes typically stay on the market here?

The median days on market is 49 as of September 2026.

What share of homes are seeing price reductions?

About 26.2% of listings have a price cut as of September 2026.

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