Market Intelligence · MI / Detroit

Detroit, MI 48204 Housing Market

The typical home value in Detroit's 48204 ZIP code is $55,141, down 9.4% over the past year. The median list price sits at $76,000, and homes are taking a median of 59 days on market.

Updated June 2026Median value$55K

The median home value in Detroit, MI 48204 is $55K as of June 2026, down 9.4% 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 48204 range

$51K to $60K

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

-9.4% over 12 months

Typical home value in 48204 over the last 12 months: $61K in Jun 2025 to $55K in Jun 2026 (-9.4%).

Jun 2025$61K

Jun 2026$55K

The numbers

What is the 48204 housing market like?

Typical home value

$55K

Down9.4%YoY

Median list price

$76K

Days on market

59

Up11.3%MoM

Homes for sale

98

Price cuts

22.9%

New listings

28

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

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The comparison

How do 48204 home prices compare?

  • 48204$55,141
  • 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 2026, there are 98 homes for sale in 48204, with 28 new listings added recently. The median list price is $76,000, while the typical home value is $55,141, down 9.4% over the past year. Homes are spending a median of 59 days on market, and 22.9% of listings have had a price cut. For a seller, this is a soft market where patience and realistic pricing matter more than timing.

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