Market Intelligence · MI / Detroit

Detroit, MI 48221 Housing Market

The typical home value in Detroit's 48221 ZIP code is $136,418, down 4.3% over the past year. The median list price sits at $174,900, and homes spend a median of 50 days on market.

Updated August 2026Median value$136K

The median home value in Detroit, MI 48221 is $136K as of August 2026, down 4.3% 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 48221 range

$126K to $147K

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

-4.3% over 12 months

Typical home value in 48221 over the last 12 months: $143K in Aug 2025 to $136K in Aug 2026 (-4.3%).

Aug 2025$143K

Aug 2026$136K

The numbers

What is the 48221 housing market like?

Typical home value

$136K

Down4.3%YoY

Median list price

$175K

Down5.5%MoM

Days on market

50

Up8.7%MoM

Homes for sale

183

Up4.6%MoM

Price cuts

18.1%

Up26.2%MoM

New listings

68

Flat0.0%MoM

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

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The comparison

How do 48221 home prices compare?

  • 48221$136,418
  • 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

There are 183 homes for sale in 48221 as of 2026-08-01, with 68 new listings adding to the supply. The median list price of $174,900 runs well above the typical home value of $136,418, which is down 4.3% over the past year. About 18.1% of listings have taken a price cut, and the median days on market of 50 suggests buyers are taking their time. For a seller, this points to a market where pricing realistically from the start matters more than testing a high number.

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