Market Intelligence · MI / Detroit

Detroit, MI 48214 Housing Market

In Detroit, MI 48214, the typical home value is $96,393, down 15.1% over the past year as of 2026-08-01. The median list price stands at $240,000, and homes spend a median of 71 days on the market.

Updated August 2026Median value$96K

The median home value in Detroit, MI 48214 is $96K as of August 2026, down 15.1% 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 48214 range

$89K to $104K

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

-15.1% over 12 months

Typical home value in 48214 over the last 12 months: $114K in Aug 2025 to $96K in Aug 2026 (-15.1%).

Aug 2025$114K

Aug 2026$96K

The numbers

What is the 48214 housing market like?

Typical home value

$96K

Down15.1%YoY

Median list price

$240K

Up12.7%MoM

Days on market

71

Up4.4%MoM

Homes for sale

123

Up10.8%MoM

Price cuts

15.9%

Down13.1%MoM

New listings

32

Up45.5%MoM

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

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The comparison

How do 48214 home prices compare?

  • 48214$96,393
  • 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

The typical home value in 48214 is $96,393, which is down 15.1% over the past year. There were 123 homes for sale as of 2026-08-01, with 32 new listings coming on the market. Sellers listed at a median of $240,000, and homes took a median of 71 days to sell. About 15.9% of listings had a price cut. For a seller, this is a soft market where patience and realistic pricing matter more than waiting for a rebound.

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