Market Intelligence · MI / Detroit

Detroit, MI 48217 Housing Market

In Detroit, MI 48217, the typical home value is $58,995, down 0.6% over the past year. The median list price is $78,000, and homes spend a median of 51 days on market. That gap matters for pricing.

Updated August 2026Median value$59K

The median home value in Detroit, MI 48217 is $59K as of August 2026, down 0.6% 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 48217 range

$54K to $64K

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

-0.6% over 12 months

Typical home value in 48217 over the last 12 months: $59K in Aug 2025 to $59K in Aug 2026 (-0.6%).

Aug 2025$59K

Aug 2026$59K

The numbers

What is the 48217 housing market like?

Typical home value

$59K

Down0.6%YoY

Median list price

$78K

Up4.0%MoM

Days on market

51

Up41.7%MoM

Homes for sale

14

Up40.0%MoM

Price cuts

14.8%

New listings

0

Down100.0%MoM

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

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The comparison

How do 48217 home prices compare?

  • 48217$58,995
  • 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

Inventory is thin: 14 homes are for sale, and new listings are 0. The median list price is $78,000, while the typical home value is $58,995, down 0.6% over the past year. A median of 51 days on market gives buyers some time, and 14.8% of listings have taken a price cut. Condition and clean paperwork can still separate a workable sale from a stale listing. For a seller, the read is cautious: price realistically from the start, because buyers have options even in a small pool.

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