Market Intelligence · MI / Detroit

Detroit, MI 48208 Housing Market

In Detroit's 48208 ZIP code, the typical home value is $137,606, down 11.5% over the past year. Homes listed here carry a median list price of $271,200, and they sit on the market for a median of 47 days.

Updated June 2026Median value$138K

The median home value in Detroit, MI 48208 is $138K as of June 2026, down 11.5% 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 48208 range

$127K to $149K

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

-11.5% over 12 months

Typical home value in 48208 over the last 12 months: $156K in Jun 2025 to $138K in Jun 2026 (-11.5%).

Jun 2025$156K

Jun 2026$138K

The numbers

What is the 48208 housing market like?

Typical home value

$138K

Down11.5%YoY

Median list price

$271K

Days on market

47

Down4.1%MoM

Homes for sale

37

Price cuts

29.8%

New listings

10

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

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The comparison

How do 48208 home prices compare?

  • 48208$137,606
  • 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

The 48208 market shows 37 homes for sale as of June 2026, with 10 new listings added recently. The median list price is $271,200, while the typical home value sits at $137,606, down 11.5% over the past year. Homes take a median of 47 days to sell, and 29.8% of listings have had a price cut. For a seller, this points to a softening market where pricing carefully and preparing for a longer timeline both matter.

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