Market Intelligence · MI / Detroit

Detroit, MI 48215 Housing Market

The typical home value in Detroit's 48215 ZIP code is $94,954, down 9.5% over the past year. Homes here carry a median list price of $149,900 and spend a median of 60 days on the market.

Updated August 2026Median value$95K

The median home value in Detroit, MI 48215 is $95K as of August 2026, down 9.5% 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 48215 range

$87K to $103K

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

-9.5% over 12 months

Typical home value in 48215 over the last 12 months: $105K in Aug 2025 to $95K in Aug 2026 (-9.5%).

Aug 2025$105K

Aug 2026$95K

The numbers

What is the 48215 housing market like?

Typical home value

$95K

Down9.5%YoY

Median list price

$150K

Down1.6%MoM

Days on market

60

Down10.4%MoM

Homes for sale

52

Up8.3%MoM

Price cuts

13.5%

Down27.7%MoM

New listings

20

Up100.0%MoM

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

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The comparison

How do 48215 home prices compare?

  • 48215$94,954
  • 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 48215 market in Detroit shows clear downward pressure on values. The typical home is worth $94,954, a decline of 9.5% over the past year. There are 52 homes for sale, with 20 new listings adding to that supply as of 2026-08-01. Homes take a median of 60 days to sell, and 13.5% of listings have taken a price cut. For a seller, this is a soft market where pricing realistically from the start matters more than testing the high end.

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