Market Intelligence · MI / Detroit

Detroit, MI 48223 Housing Market

The typical home value in Detroit's 48223 ZIP code is $86,214, down 0.8% over the past year as of 2026-08-01. Homes are listed at a median price of $99,900 and sit on the market for a median of 63 days.

Updated August 2026Median value$86K

The median home value in Detroit, MI 48223 is $86K as of August 2026, down 0.8% 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

$79K to $93K

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

-0.8% over 12 months

Typical home value in 48223 over the last 12 months: $87K in Aug 2025 to $86K in Aug 2026 (-0.8%).

Aug 2025$87K

Aug 2026$86K

The numbers

What is the 48223 housing market like?

Typical home value

$86K

Down0.8%YoY

Median list price

$100K

Up23.3%MoM

Days on market

63

Up16.7%MoM

Homes for sale

95

Up5.6%MoM

Price cuts

17.2%

Up32.7%MoM

New listings

36

Up80.0%MoM

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

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The comparison

How do 48223 home prices compare?

  • 48223$86,214
  • 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

As of 2026-08-01, there are 95 homes for sale in 48223, with 36 new listings added. The median list price is $99,900, while the typical home value stands at $86,214, down 0.8% over the past year. Sellers have adjusted expectations, with 17.2% of listings carrying a price cut. Homes take a median of 63 days to sell, so buyers have some time to consider their options. For a seller, this means pricing realistically from the start matters more than testing the market with a high number.

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