Market Intelligence · MI / Detroit

Detroit, MI 48202 Housing Market

The typical home value in Detroit's 48202 ZIP code is $180,288, down 15.4% over the past year. The median list price sits at $277,450, and homes are taking a median of 55 days on market.

Updated June 2026Median value$180K

The median home value in Detroit, MI 48202 is $180K as of June 2026, down 15.4% 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 48202 range

$166K to $195K

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

-15.4% over 12 months

Typical home value in 48202 over the last 12 months: $213K in Jun 2025 to $180K in Jun 2026 (-15.4%).

Jun 2025$213K

Jun 2026$180K

The numbers

What is the 48202 housing market like?

Typical home value

$180K

Down15.4%YoY

Median list price

$277K

Days on market

55

Down9.8%MoM

Homes for sale

86

Price cuts

18.6%

New listings

24

Sources · Zillow ZHVI (June 2026) / Realtor.com (June 2026) / FRED (July 2026)

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The comparison

How do 48202 home prices compare?

  • 48202$180,288
  • Detroit$90,762
  • Michigan$247,122
  • United States$291,471

Median Zillow home value (ZHVI), as of June 2026. Comparison levels are medians across every ZIP code with Zillow data (Detroit: 25 ZIPs; Michigan: 891 ZIPs; United States: 26,270 ZIPs).

Context

As of June 1, 2026, there are 86 homes for sale in 48202, with 24 new listings added. The median list price is $277,450, while the typical home value is $180,288, down 15.4% over the past year. Homes are sitting for a median of 55 days on market, and 18.6% of listings have had a price cut. For sellers, this is a slower, softer market where realistic pricing and patience matter.

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