Market Intelligence · MI / Detroit

Detroit, MI 48209 Housing Market

The typical home value in Detroit, MI 48209 is $89,305, down 3.6% over the past year. As of 2026-08-01, the median list price is $159,900, and homes spend a median of 48 days on the market.

Updated August 2026Median value$89K

The median home value in Detroit, MI 48209 is $89K as of August 2026, down 3.6% 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.

Get a cash offer

Sell without the wait

Sell your Detroit home for cash.

A competitive, no-obligation cash offer from our institutional network. No repairs, no showings, close on your timeline. Most sellers get their cash offer within 24 hours.

Typical 48209 range

$82K to $96K

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.

Track my home's value

Asset monitoring

Track your home's value.

A free monthly briefing with your estimated value and 48209 market stats. Unsubscribe anytime.

See how a cash offer works citywide: Sell your house fast in Detroit, MI.

12-month value trend

-3.6% over 12 months

Typical home value in 48209 over the last 12 months: $93K in Aug 2025 to $89K in Aug 2026 (-3.6%).

Aug 2025$93K

Aug 2026$89K

The numbers

What is the 48209 housing market like?

Typical home value

$89K

Down3.6%YoY

Median list price

$160K

Down1.5%MoM

Days on market

48

Down9.4%MoM

Homes for sale

16

Up6.7%MoM

Price cuts

11.8%

Down0.4%MoM

New listings

8

Flat0.0%MoM

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

Free home value report

See what your 48209 home is worth.

See your estimated value and a real cash offer, side by side. No obligation, about a minute.

The comparison

How do 48209 home prices compare?

  • 48209$89,305
  • 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

Home values in 48209 have softened, with the typical home value at $89,305, down 3.6% over the past year. Sellers are still asking well above that level, with a median list price of $159,900. Inventory is thin, with 16 homes for sale and 8 new listings as of 2026-08-01. Homes are taking a median of 48 days to sell, and 11.8% of listings have had a price cut. For a seller, the message is simple: price to the market you have, not the one you want.

Monthly payment

Estimate your monthly payment.

20% · $17,861

Common questions

What people ask us.

Discover

Nearby ZIP markets.

Keep reading

Guides for sellers.