Market Intelligence · MI / Detroit

Detroit, MI 48204 Housing Market

In Detroit, MI 48204, the typical home value is $57,263, down 6.3% over the past year as of 2026-08-01. The median list price is $73,700, and homes have a median days on market of 61. There are 104 homes for sale.

Updated August 2026Median value$57K

The median home value in Detroit, MI 48204 is $57K as of August 2026, down 6.3% 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 48204 range

$53K to $62K

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

-6.3% over 12 months

Typical home value in 48204 over the last 12 months: $61K in Aug 2025 to $57K in Aug 2026 (-6.3%).

Aug 2025$61K

Aug 2026$57K

The numbers

What is the 48204 housing market like?

Typical home value

$57K

Down6.3%YoY

Median list price

$74K

Down1.7%MoM

Days on market

61

Up15.1%MoM

Homes for sale

104

Up2.0%MoM

Price cuts

27.5%

Up2.2%MoM

New listings

32

Up14.3%MoM

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

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The comparison

How do 48204 home prices compare?

  • 48204$57,263
  • 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

Detroit, MI 48204 is a low cost market with clear softening. The typical home value is $57,263 and is down 6.3% over the past year, while the median list price sits at $73,700. Buyers are not moving fast: median days on market is 61, with 104 homes for sale and 32 new listings as of 2026-08-01. A 27.5% share of listings has taken a price cut, which points to sellers adjusting rather than holding firm. If you are selling, expect scrutiny on condition and pricing, and be ready to negotiate.

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