Market Intelligence · MI / Detroit

Detroit, MI 48202 Housing Market

The typical home value in Detroit's 48202 ZIP code is $180,793, down 12.3% over the past year as of 2026-08-01. The median list price stands at $265,000, and homes are spending a median of 65 days on the market.

Updated August 2026Median value$181K

The median home value in Detroit, MI 48202 is $181K as of August 2026, down 12.3% 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 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

-12.3% over 12 months

Typical home value in 48202 over the last 12 months: $206K in Aug 2025 to $181K in Aug 2026 (-12.3%).

Aug 2025$206K

Aug 2026$181K

The numbers

What is the 48202 housing market like?

Typical home value

$181K

Down12.3%YoY

Median list price

$265K

Down7.0%MoM

Days on market

65

Up6.6%MoM

Homes for sale

91

Up12.3%MoM

Price cuts

21.4%

Up6.7%MoM

New listings

20

Up42.9%MoM

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

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The comparison

How do 48202 home prices compare?

  • 48202$180,793
  • 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

The 48202 market shows a clear gap between asking prices and actual values. The median list price is $265,000, while the typical home value is $180,793, down 12.3% over the past year. There are 91 homes for sale as of 2026-08-01, with 20 new listings entering the market. Homes take a median of 65 days to sell, and 21.4% of listings have had a price cut. For a seller, this is a soft market where realistic pricing from the start matters more than testing high and waiting.

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