Market Intelligence · MI / Detroit

Detroit, MI 48215 Housing Market

The typical home in 48215 is valued at $91,043, down 9.3% over the past year. Median list price sits at $139,425, with homes averaging 65 days on market as of September 2026.

Updated September 2026Median value$91K

The median home value in Detroit, MI 48215 is $91K as of September 2026, down 9.3% year over year, according to Zillow ZHVI. For a read on your own home, start with a free consultation: a licensed local pro will walk you through your numbers and your options, with no obligation.

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Typical 48215 range

$84K to $98K

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

-9.3% over 12 months

Sep 2025$100K

Low $90KHigh $100K

Sep 2026$91K

The numbers

What is the 48215 housing market like?

As of September 2026

Typical home value

$91K

9.3%YoY

Median list price

$139K

7.0%MoM

Days on market

8.3%MoM

Homes for sale

15.4%MoM

Price cuts

20.8%

54.1%MoM

New listings

20.0%MoM

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

The outlook

48215 housing market forecast 2027

+0.7%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 48215 to rise 0.7% by September 2027.

Over the 12 months through September 2026, typical home values in 48215 fell 9.3%, per the Zillow Home Value Index.

Will home prices drop in 48215?

Zillow's forecast does not call for a drop: it expects typical home values in 48215 to rise 0.7% by September 2027, after a 9.3% decline over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

Forecast: Zillow Home Value Forecast, published October 2026. A forecast, not a guarantee.

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The comparison

How do 48215 home prices compare?

48215$91,043
Detroit$86,511
Michigan$241,156
United States$285,347

Median Zillow home value (ZHVI), as of September 2026. Comparison levels are medians across every ZIP code with Zillow data (Detroit: 25 ZIPs; Michigan: 891 ZIPs; United States: 26,262 ZIPs).

Context

Detroit's 48215 ZIP shows a cooling market. There are 60 homes for sale, with 16 new listings added in September 2026. One in five listings have received a price cut, reflecting seller adjustments to softer demand. Homes are taking about two months to find a buyer. If you're thinking about selling, expect the market to move slower than it did a year ago.

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Home price

Down payment20% · $18,209

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Common questions

What people ask us.

What is the typical home value in 48215?

The typical home value is $91,043 as of September 2026, down 9.3% from the prior year.

How many homes are currently for sale in 48215?

There are 60 homes for sale as of September 2026, with 16 new listings that month.

How long do homes stay on the market in 48215?

The median time on market is 65 days as of September 2026.

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