Market Intelligence · MI / Detroit

Detroit, MI 48208 Housing Market

The typical home value in Detroit, MI 48208 is $132,707, down 10.5% over the past year as of 2026-08-01. Sellers are listing at a median price of $279,900, and homes are taking a median of 80 days on market to move.

Updated August 2026Median value$133K

The median home value in Detroit, MI 48208 is $133K as of August 2026, down 10.5% 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

$122K to $143K

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

-10.5% over 12 months

Typical home value in 48208 over the last 12 months: $148K in Aug 2025 to $133K in Aug 2026 (-10.5%).

Aug 2025$148K

Aug 2026$133K

The numbers

What is the 48208 housing market like?

Typical home value

$133K

Down10.5%YoY

Median list price

$280K

Up7.3%MoM

Days on market

80

Up12.7%MoM

Homes for sale

35

Up6.1%MoM

Price cuts

11.6%

Down53.5%MoM

New listings

8

Up300.0%MoM

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

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The comparison

How do 48208 home prices compare?

  • 48208$132,707
  • 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

Detroit, MI 48208 is a soft market right now. The typical home value of $132,707 is down 10.5% over the past year as of 2026-08-01, while the median list price sits at $279,900. Homes for sale total 35, with only 8 new listings coming on, so inventory is thin. Even so, properties linger a median of 80 days on market, and 11.6% of listings have taken a price cut. For a seller, that means pricing realistically from day one matters more than aiming high and waiting.

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