Market Intelligence · MI / Detroit

Detroit, MI 48221 Housing Market

In Detroit's 48221 ZIP code, the typical home value is $138,244, down 5.2% over the past year. The median list price is $189,450, and homes are taking a median of 47 days on market.

Updated June 2026Median value$138K

The median home value in Detroit, MI 48221 is $138K as of June 2026, down 5.2% 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

$127K to $149K

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

-5.2% over 12 months

Typical home value in 48221 over the last 12 months: $146K in Jun 2025 to $138K in Jun 2026 (-5.2%).

Jun 2025$146K

Jun 2026$138K

The numbers

What is the 48221 housing market like?

Typical home value

$138K

Down5.2%YoY

Median list price

$189K

Days on market

47

Down24.2%MoM

Homes for sale

181

Price cuts

17.0%

New listings

72

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

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The comparison

How do 48221 home prices compare?

  • 48221$138,244
  • 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 2026, there are 181 homes for sale in 48221, with 72 new listings added. The median list price sits at $189,450, while the typical home value is $138,244, down 5.2% over the past year. Homes are taking a median of 47 days to sell, and 17.0% of listings have had a price cut. For a seller, this is a slower market where realistic pricing and patience matter.

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20% · $27,649

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