Market Intelligence · MI / Detroit

Detroit, MI 48205 Housing Market

The typical home value in Detroit 48205 is $50,037, down 12.5% over the past year. The median list price sits at $69,950, with homes staying on market for a median of 66 days as of September 2026.

Updated September 2026Median value$50K

The median home value in Detroit, MI 48205 is $50K as of September 2026, down 12.5% 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.

Sell without the wait

Sell your Detroit home for cash.

A competitive, no-obligation cash offer from our institutional network. No repairs, no showings, close on your timeline. Most sellers get their cash offer within 24 hours.

Typical 48205 range

$46K to $54K

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.

Not sure cash is the right move? Discuss your options with a licensed local pro, free.

Asset monitoring

Track your home's value.

A free monthly briefing with your estimated value and 48205 market stats. Unsubscribe anytime.

See how a cash offer works citywide: Sell your house fast in Detroit, MI.

12-month value trend

-12.5% over 12 months

Sep 2025$57K

Low $50KHigh $57K

Sep 2026$50K

The numbers

What is the 48205 housing market like?

As of September 2026

Typical home value

$50K

12.5%YoY

Median list price

$70K

6.7%MoM

Days on market

4.8%MoM

Homes for sale

216

4.0%MoM

Price cuts

15.1%

3.9%MoM

New listings

10.0%MoM

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

The outlook

48205 housing market forecast 2027

0.0%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 48205 to stay roughly flat by September 2027 (no change).

Over the 12 months through September 2026, typical home values in 48205 fell 12.5%, per the Zillow Home Value Index.

Will home prices drop in 48205?

Zillow's forecast does not point to a meaningful drop: it expects typical home values in 48205 to stay roughly flat by September 2027 (no change), after a 12.5% 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.

Free home value report

See what your 48205 home is worth.

See your estimated value and a real cash offer, side by side. No obligation, about a minute.

The comparison

How do 48205 home prices compare?

48205$50,037
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

There are 216 homes for sale in 48205, with 54 new listings arriving in September 2026. About 15.1% of listings have already seen a price cut. The median days on market of 66 suggests homes are taking time to sell in this soft market. The year-over-year decline in typical home value reflects sustained buyer caution. If you are considering selling, expect a slower sales pace and be prepared for the possibility of negotiation.

Monthly payment

Estimate your monthly payment.

Home price

Down payment20% · $10,007

Term

Rate (%)

Common questions

What people ask us.

What is the typical home value in 48205?

The typical home value is $50,037 as of September 2026, down 12.5% from the previous year.

How long do homes stay on the market in 48205?

Homes stay on market for a median of 66 days as of September 2026.

What is the median list price in 48205?

The median list price is $69,950 as of September 2026.

Discover

Nearby ZIP markets.

Keep reading