Market Intelligence · MI / Detroit

Detroit, MI 48204 Housing Market

The typical home value in Detroit's 48204 ZIP is $56,559, down 4.6% over the past year. The median list price sits at $74,675, with homes spending a median of 74 days on market as of September 2026.

Updated September 2026Median value$57K

The median home value in Detroit, MI 48204 is $57K as of September 2026, down 4.6% 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 48204 range

$52K to $61K

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

-4.6% over 12 months

Sep 2025$59K

Low $55KHigh $59K

Sep 2026$57K

The numbers

What is the 48204 housing market like?

As of September 2026

Typical home value

$57K

4.6%YoY

Median list price

$75K

1.3%MoM

Days on market

21.3%MoM

Homes for sale

100

3.8%MoM

Price cuts

25.4%

7.8%MoM

New listings

37.5%MoM

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

The outlook

48204 housing market forecast 2027

+1.7%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 48204 to rise 1.7% by September 2027.

Over the 12 months through September 2026, typical home values in 48204 fell 4.6%, per the Zillow Home Value Index.

Will home prices drop in 48204?

Zillow's forecast does not call for a drop: it expects typical home values in 48204 to rise 1.7% by September 2027, after a 4.6% 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 48204 home prices compare?

48204$56,559
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

September 2026 shows 100 homes for sale in 48204, with 20 new listings that month. The median list price of $74,675 exceeds the typical home value, suggesting sellers may be pricing optimistically. With 25.4% of listings carrying a price cut and median time on market at 74 days, buyer interest appears limited. For sellers, this is a soft market that rewards realistic pricing and patience.

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Down payment20% · $11,312

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Common questions

What people ask us.

What is the typical home value in 48204?

The typical home value is $56,559 as of September 2026, down 4.6% over the past year.

How long do homes stay on the market in 48204?

The median days on market is 74 as of September 2026.

What share of homes have had price cuts?

As of September 2026, 25.4% of listings carried a price cut.

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