How much is a home in 48207 worth?

The typical home value in 48207 is $147,383, down 8.5% over the past year. The median list price is $195,000.

How long does it take to sell a home in 48207?

Homes in 48207 spend a median of 87 days on the market. There are 85 homes currently for sale, with 16 new listings.

Are sellers cutting prices in 48207?

Yes, 14.5% of listings in 48207 have had a price cut. That lines up with the 8.5% decline in typical home value over the past year.

Market Intelligence · MI / Detroit

Detroit, MI 48207 Housing Market

The typical home value in Detroit's 48207 ZIP code is $147,383, down 8.5% over the past year. The median list price sits at $195,000, and homes spend a median of 87 days on the market.

Updated August 2026Median value$147K

The median home value in Detroit, MI 48207 is $147K as of August 2026, down 8.5% 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 48207 range

$136K to $159K

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

-8.5% over 12 months

Aug 2025$161K

Low $147KHigh $161K

Aug 2026$147K

The numbers

What is the 48207 housing market like?

As of August 2026

Typical home value

$147K

8.5%YoY

Median list price

$195K

3.6%MoM

Days on market

13.0%MoM

Homes for sale

7.6%MoM

Price cuts

14.5%

39.9%MoM

New listings

0.0%MoM

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

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The comparison

How do 48207 home prices compare?

48207$147,383
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

There are 85 homes for sale in 48207, with 16 new listings added. The median list price of $195,000 sits well above the typical home value of $147,383, and that gap matters when values are down 8.5% over the past year. A median of 87 days on market means buyers here take their time. About 14.5% of listings have taken a price cut, which suggests some sellers are adjusting to meet the market. For anyone thinking about selling, pricing close to what buyers will actually pay is likely to work better than testing a higher number.

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