Market Intelligence · MI / Detroit

Detroit, MI 48224 Housing Market

The typical home value in Detroit's 48224 ZIP code is $82,100, down 6.3% over the past year. The median list price sits at $88,625, and homes are taking a median of 63 days on market to sell.

Updated June 2026Median value$82K

The median home value in Detroit, MI 48224 is $82K as of June 2026, down 6.3% 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 48224 range

$76K 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

-6.3% over 12 months

Typical home value in 48224 over the last 12 months: $88K in Jun 2025 to $82K in Jun 2026 (-6.3%).

Jun 2025$88K

Jun 2026$82K

The numbers

What is the 48224 housing market like?

Typical home value

$82K

Down6.3%YoY

Median list price

$89K

Days on market

63

Up10.5%MoM

Homes for sale

268

Price cuts

17.3%

New listings

88

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

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The comparison

How do 48224 home prices compare?

  • 48224$82,100
  • 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 268 homes for sale in 48224, with 88 new listings added recently. The median list price is $88,625, while the typical home value stands at $82,100, a figure that has fallen 6.3% over the past year. Homes are spending a median of 63 days on market, and 17.3% of listings have had a price cut. For sellers, this points to a slower market where realistic pricing and patience matter.

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