Home ValuePros

Market Intelligence · MI / Detroit

Detroit, MI 48223 Housing Market

The typical home value in Detroit's 48223 ZIP code is $90,091, down 0.4% over the past year. The median list price is $84,450, and homes are taking a median of 45 days on market.

Updated June 2026Median value$90K

The median home value in Detroit, MI 48223 is $90K as of June 2026, down 0.4% 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 48223 range

$83K to $97K

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

-0.4% over 12 months

Typical home value in 48223 over the last 12 months: $90K in Jun 2025 to $90K in Jun 2026 (-0.4%).

Jun 2025$90K

Jun 2026$90K

The numbers

What is the 48223 housing market like?

Typical home value

$90K

Down0.4%YoY

Median list price

$84K

Days on market

45

Down28.6%MoM

Homes for sale

84

Price cuts

9.3%

New listings

34

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

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The comparison

How do 48223 home prices compare?

  • 48223$90,091
  • 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 84 homes for sale in 48223, with 34 new listings coming onto the market. The median list price sits at $84,450, and the median time to sell is 45 days. About 9.3% of listings have had a price cut. The typical home value of $90,091 is down 0.4% over the past year, a small decline. For sellers, this points to a slower, softer market where realistic pricing matters.

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