Market Intelligence · MI / Detroit

Detroit, MI 48209 Housing Market

In Detroit's 48209 ZIP code, the typical home value is $91,560, down 0.6% over the past year. The median list price sits at $161,225, and homes take a median of 56 days on market as of June 1, 2026.

Updated June 2026Median value$92K

The median home value in Detroit, MI 48209 is $92K as of June 2026, down 0.6% 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 48209 range

$84K to $99K

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

-0.6% over 12 months

Typical home value in 48209 over the last 12 months: $92K in Jun 2025 to $92K in Jun 2026 (-0.6%).

Jun 2025$92K

Jun 2026$92K

The numbers

What is the 48209 housing market like?

Typical home value

$92K

Down0.6%YoY

Median list price

$161K

Days on market

56

Up160.5%MoM

Homes for sale

19

Price cuts

10.7%

New listings

12

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

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The comparison

How do 48209 home prices compare?

  • 48209$91,560
  • 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 19 homes for sale in 48209, with 12 new listings added recently. The median list price is $161,225, while the typical home value is $91,560, down 0.6% over the past year. Homes here take a median of 56 days to sell, and 10.7% of listings have had a price cut. For sellers, this points to a slower market where realistic pricing and patience matter.

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