Market Intelligence · MI / Detroit

Detroit, MI 48216 Housing Market

The typical home value in Detroit, MI 48216 is $184,421, down 11.5% over the past year as of 2026-08-01. Sellers are listing at a median of $257,500, and homes are taking a median of 73 days on market. There are 27 homes for sale.

Updated August 2026Median value$184K

The median home value in Detroit, MI 48216 is $184K as of August 2026, down 11.5% 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 48216 range

$170K to $199K

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

-11.5% over 12 months

Typical home value in 48216 over the last 12 months: $208K in Aug 2025 to $184K in Aug 2026 (-11.5%).

Aug 2025$208K

Aug 2026$184K

The numbers

What is the 48216 housing market like?

Typical home value

$184K

Down11.5%YoY

Median list price

$258K

Down1.8%MoM

Days on market

73

Up82.5%MoM

Homes for sale

27

Down6.9%MoM

Price cuts

20.0%

Up103.7%MoM

New listings

4

Down33.3%MoM

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

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The comparison

How do 48216 home prices compare?

  • 48216$184,421
  • 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

As of 2026-08-01, 48216 has 27 homes for sale, with 4 new listings coming on the market. The median list price is $257,500, while the typical home value sits at $184,421 and has fallen 11.5% over the past year. Homes are moving slowly, with a median of 73 days on market, and 20.0% of listings have taken a price cut. That gap between what sellers are asking and what homes are typically worth tells you buyers here have room to negotiate. If you are selling, price realistically from the start, because overpricing is likely to cost you time and a cut later.

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20% · $36,884

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