Market Intelligence · MI / Detroit

Detroit, MI 48234 Housing Market

The typical home value in Detroit's 48234 ZIP code is $54,127, down 9.7% over the past year. The median list price sits at $74,975, and homes here take a median of 59 days on market.

Updated June 2026Median value$54K

The median home value in Detroit, MI 48234 is $54K as of June 2026, down 9.7% 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 48234 range

$50K to $58K

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

-9.7% over 12 months

Typical home value in 48234 over the last 12 months: $60K in Jun 2025 to $54K in Jun 2026 (-9.7%).

Jun 2025$60K

Jun 2026$54K

The numbers

What is the 48234 housing market like?

Typical home value

$54K

Down9.7%YoY

Median list price

$75K

Days on market

59

Up26.9%MoM

Homes for sale

133

Price cuts

20.2%

New listings

32

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

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The comparison

How do 48234 home prices compare?

  • 48234$54,127
  • 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 were 133 homes for sale in 48234, with 32 new listings added. The median list price was $74,975, while the typical home value stood at $54,127, down 9.7% over the past year. Homes took a median of 59 days on market, and 20.2% of listings had a price cut. For sellers, this is a slow market where pricing carefully and expecting a longer timeline matters.

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