Market Intelligence · MI / Detroit

Detroit, MI 48207 Housing Market

Typical home value in Detroit 48207 is $146,835, down 7.8% over the past year. Homes are listed at a median price of $194,000 and stay on the market for a median of 95 days.

Updated September 2026Median value$147K

The median home value in Detroit, MI 48207 is $147K as of September 2026, down 7.8% 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 48207 range

$135K 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

-7.8% over 12 months

Sep 2025$159K

Low $147KHigh $159K

Sep 2026$147K

The numbers

What is the 48207 housing market like?

As of September 2026

Typical home value

$147K

7.8%YoY

Median list price

$194K

0.5%MoM

Days on market

9.2%MoM

Homes for sale

3.5%MoM

Price cuts

17.3%

18.7%MoM

New listings

25.0%MoM

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

The outlook

48207 housing market forecast 2027

+1.3%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 48207 to rise 1.3% by September 2027.

Over the 12 months through September 2026, typical home values in 48207 fell 7.8%, per the Zillow Home Value Index.

Will home prices drop in 48207?

Zillow's forecast does not call for a drop: it expects typical home values in 48207 to rise 1.3% by September 2027, after a 7.8% 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 48207 home prices compare?

48207$146,835
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

The 48207 ZIP has 82 homes for sale as of September 2026, with 12 new listings entering the market recently. The median list price of $194,000 sits well above the typical home value of $146,835, reflecting a gap between asking prices and actual valuations. At 95 days median time on market, homes are taking longer to sell. With 17.3% of listings carrying a price cut, the market is signaling softness. If you're considering selling, expect to price competitively and be prepared for a slower sales process.

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Down payment20% · $29,367

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Common questions

What people ask us.

What is a typical home worth in 48207?

Typical home value in this ZIP is $146,835, though values have declined 7.8% over the past year.

How long do homes stay on the market in 48207?

The median days on market is 95, indicating homes take time to find a buyer.

What percentage of homes have price cuts in 48207?

As of September 2026, 17.3% of listings have had a price cut.

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