Market Intelligence · MI / Detroit

Detroit, MI 48216 Housing Market

In Detroit's 48216 ZIP code, the typical home value is $187,888, down 9.1% over the past year. The median list price sits at $274,925, and homes are taking a median of 51 days on market to sell.

Updated June 2026Median value$188K

The median home value in Detroit, MI 48216 is $188K as of June 2026, down 9.1% 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.

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 48216 range

$173K to $203K

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 48216 market stats. Unsubscribe anytime.

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

12-month value trend

-9.1% over 12 months

Typical home value in 48216 over the last 12 months: $207K in Jun 2025 to $188K in Jun 2026 (-9.1%).

Jun 2025$207K

Jun 2026$188K

The numbers

What is the 48216 housing market like?

Typical home value

$188K

Down9.1%YoY

Median list price

$275K

Days on market

51

Down9.7%MoM

Homes for sale

27

Price cuts

22.1%

New listings

12

Sources · Zillow ZHVI (June 2026) / Realtor.com (June 2026) / FRED (July 2026)

Free home value report

See what your 48216 home is worth.

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

The comparison

How do 48216 home prices compare?

  • 48216$187,888
  • Detroit$90,762
  • Michigan$247,122
  • United States$291,471

Median Zillow home value (ZHVI), as of June 2026. Comparison levels are medians across every ZIP code with Zillow data (Detroit: 25 ZIPs; Michigan: 891 ZIPs; United States: 26,270 ZIPs).

Context

As of June 1, 2026, there are 27 homes for sale in 48216, with 12 new listings added recently. The median list price is $274,925, while the typical home value is $187,888, down 9.1% over the past year. Homes are spending a median of 51 days on market, and 22.1% of listings have had a price cut. For sellers, this points to a slower market where realistic pricing matters more than ever.

Monthly payment

Estimate your monthly payment.

20% · $37,578

Common questions

What people ask us.

Discover

Nearby ZIP markets.

Keep reading

Guides for sellers.