Market Intelligence · MI / Detroit

Detroit, MI 48205 Housing Market

The typical home value in Detroit's 48205 ZIP code is $52,985, down 14.4% over the past year. Homes here carry a median list price of $69,450 and take a median of 63 days on the market.

Updated June 2026Median value$53K

The median home value in Detroit, MI 48205 is $53K as of June 2026, down 14.4% 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 48205 range

$49K to $57K

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

-14.4% over 12 months

Typical home value in 48205 over the last 12 months: $62K in Jun 2025 to $53K in Jun 2026 (-14.4%).

Jun 2025$62K

Jun 2026$53K

The numbers

What is the 48205 housing market like?

Typical home value

$53K

Down14.4%YoY

Median list price

$69K

Days on market

63

Up6.8%MoM

Homes for sale

215

Price cuts

11.5%

New listings

56

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

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The comparison

How do 48205 home prices compare?

  • 48205$52,985
  • 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 1, 2026, there were 215 homes for sale in 48205, with 56 new listings added. The median list price sits at $69,450, while the typical home value is $52,985, down 14.4% over the past year. Homes take a median of 63 days to sell, and 11.5% of listings have had a price cut. For sellers, this is a soft market where patience and realistic pricing matter.

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