Market Intelligence · MI / Detroit

Detroit, MI 48207 Housing Market

The typical home value in Detroit's 48207 ZIP code is $148,264, down 10.0% over the past year. The median list price sits at $194,950, and homes are taking a median of 66 days on market.

Updated June 2026Median value$148K

The median home value in Detroit, MI 48207 is $148K as of June 2026, down 10.0% 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 $160K

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

-10.0% over 12 months

Typical home value in 48207 over the last 12 months: $165K in Jun 2025 to $148K in Jun 2026 (-10.0%).

Jun 2025$165K

Jun 2026$148K

The numbers

What is the 48207 housing market like?

Typical home value

$148K

Down10.0%YoY

Median list price

$195K

Days on market

66

Down5.0%MoM

Homes for sale

87

Price cuts

18.9%

New listings

10

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

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The comparison

How do 48207 home prices compare?

  • 48207$148,264
  • 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 are 87 homes for sale in 48207, with 10 new listings recently added. The median list price is $194,950, while the typical home value is $148,264, down 10.0% over the past year. Homes are spending a median of 66 days on market, and 18.9% of listings have had a price cut. For sellers, the data points to a softer market where patience and realistic pricing matter.

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