Market Intelligence · MI / Detroit

Detroit, MI 48208 Housing Market

Typical home values in Detroit 48208 have declined 10.3% over the past year, now at $136,858. The median list price sits at $220,925, with homes taking 94 days to sell as of September 2026.

Updated September 2026Median value$137K

The median home value in Detroit, MI 48208 is $137K as of September 2026, down 10.3% 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 48208 range

$126K to $148K

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

-10.3% over 12 months

Sep 2025$153K

Low $134KHigh $153K

Sep 2026$137K

The numbers

What is the 48208 housing market like?

As of September 2026

Typical home value

$137K

10.3%YoY

Median list price

$221K

21.1%MoM

Days on market

17.5%MoM

Homes for sale

2.9%MoM

Price cuts

31.7%

173.9%MoM

New listings

0.0%MoM

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

The outlook

48208 housing market forecast 2027

+2.2%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 48208 to rise 2.2% by September 2027.

Over the 12 months through September 2026, typical home values in 48208 fell 10.3%, per the Zillow Home Value Index.

Will home prices drop in 48208?

Zillow's forecast does not call for a drop: it expects typical home values in 48208 to rise 2.2% by September 2027, after a 10.3% 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 48208 home prices compare?

48208$136,858
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 48208 ZIP has 36 homes for sale, with 8 new listings arriving in September 2026. Nearly one in three listings, 31.7%, have seen price reductions. The gap between typical home value and median list price reflects a challenging market where homes are taking considerably longer to move. Sellers should expect a slower sales process and be prepared to price strategically.

Monthly payment

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Home price

Down payment20% · $27,372

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Rate (%)

Common questions

What people ask us.

What is the typical home value in 48208?

The typical home value is $136,858 as of September 2026, down 10.3% over the past year.

How long do homes stay on the market in 48208?

The median days on market is 94 as of September 2026.

What is the median list price in 48208?

The median list price is $220,925 as of September 2026.

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