Market Intelligence · MI / Detroit

Detroit, MI 48224 Housing Market

In Detroit, MI 48224, the typical home value is $81,950, down 6.4% over the past year. The median list price is $90,000, and homes spend a median of 59 days on market. There are 290 homes for sale.

Updated August 2026Median value$82K

The median home value in Detroit, MI 48224 is $82K as of August 2026, down 6.4% 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 48224 range

$75K to $89K

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

-6.4% over 12 months

Typical home value in 48224 over the last 12 months: $88K in Aug 2025 to $82K in Aug 2026 (-6.4%).

Aug 2025$88K

Aug 2026$82K

The numbers

What is the 48224 housing market like?

Typical home value

$82K

Down6.4%YoY

Median list price

$90K

Up0.6%MoM

Days on market

59

Down9.2%MoM

Homes for sale

290

Up6.6%MoM

Price cuts

18.1%

Up12.8%MoM

New listings

96

Up20.0%MoM

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

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The comparison

How do 48224 home prices compare?

  • 48224$81,950
  • 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

Detroit, MI 48224 has 290 homes for sale, with 96 new listings adding fresh choices for buyers. The median list price is $90,000, while the typical home value is $81,950 and is down 6.4% over the past year. Homes are taking a median of 59 days to sell, and 18.1% of listings have a price cut. That points to a market where buyers have leverage and overpricing gets corrected. Sellers should price conservatively and expect negotiation.

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