Market Intelligence · MI / Detroit

Detroit, MI 48235 Housing Market

The typical home value in Detroit's 48235 ZIP code is $96,181, down 1.6% over the past year as of 2026-08-01. The median list price is $134,825, and homes sit a median of 58 days on market. Sellers should price with the value trend in mind.

Updated August 2026Median value$96K

The median home value in Detroit, MI 48235 is $96K as of August 2026, down 1.6% 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 48235 range

$88K to $104K

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

-1.6% over 12 months

Typical home value in 48235 over the last 12 months: $98K in Aug 2025 to $96K in Aug 2026 (-1.6%).

Aug 2025$98K

Aug 2026$96K

The numbers

What is the 48235 housing market like?

Typical home value

$96K

Down1.6%YoY

Median list price

$135K

Up3.8%MoM

Days on market

58

Up5.5%MoM

Homes for sale

160

Up3.9%MoM

Price cuts

16.1%

Down4.4%MoM

New listings

76

Up35.7%MoM

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

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The comparison

How do 48235 home prices compare?

  • 48235$96,181
  • 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

There were 160 homes for sale in 48235 as of 2026-08-01, with 76 new listings entering the market. The median list price is $134,825, while the typical home value is $96,181, down 1.6% over the past year. Homes are taking a median of 58 days to sell, and 16.1% of listings have taken a price cut. The gap between asking prices and typical values is wide, so buyers have room to negotiate. A seller who prices above the local norm should expect a longer wait and possibly a reduction.

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