Market Intelligence · MI / Detroit

Detroit, MI 48217 Housing Market

The typical home value in Detroit 48217 is $55,466, down 1.9% over the past year. The median list price stands at $85,000, with homes spending 72 days on the market as of September 2026.

Updated September 2026Median value$55K

The median home value in Detroit, MI 48217 is $55K as of September 2026, down 1.9% 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 48217 range

$51K to $60K

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

-1.9% over 12 months

Typical home value in 48217 over the last 12 months: $57K in Sep 2025 to $55K in Sep 2026 (-1.9%).

Sep 2025$57K

Sep 2026$55K

The numbers

What is the 48217 housing market like?

Typical home value

$55K

Down1.9%YoY

Median list price

$85K

Up9.0%MoM

Days on market

72

Up41.2%MoM

Homes for sale

14

Flat0.0%MoM

Price cuts

24.3%

Up64.3%MoM

New listings

2

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

The outlook

48217 housing market forecast 2027

+1.5%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 48217 to rise 1.5% by September 2027.

Over the 12 months through September 2026, typical home values in 48217 fell 1.9%, per the Zillow Home Value Index.

Will home prices drop in 48217?

Zillow's forecast does not call for a drop: it expects typical home values in 48217 to rise 1.5% by September 2027, after a 1.9% 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 48217 home prices compare?

  • 48217$55,466
  • 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

As of September 2026, there are 14 homes for sale in this ZIP code, with only 2 new listings in the current period. The median days on market of 72 suggests modest buyer interest. Nearly a quarter of listings, or 24.3%, have seen price cuts. For sellers, the combination of a declining typical home value and price reductions on active listings points to a buyer-favorable market where pricing strategy and home condition matter significantly.

Monthly payment

Estimate your monthly payment.

20% · $11,093

Common questions

What people ask us.

What is the typical home value in Detroit 48217?

The typical home value is $55,466, which is down 1.9% over the past year as of September 2026.

How long do homes typically stay on the market here?

The median days on market is 72 as of September 2026.

What is the median list price in this ZIP code?

The median list price is $85,000 as of September 2026.

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