Market Intelligence · MI / Detroit

Detroit, MI 48235 Housing Market

Homes in Detroit 48235 have a typical value of $92,152, down 1.0% over the past year. The median list price stands at $129,400, with homes taking a median of 62 days to sell as of September 2026.

Updated September 2026Median value$92K

The median home value in Detroit, MI 48235 is $92K as of September 2026, down 1.0% year over year, according to Zillow ZHVI. For a read on your own home, start with a free consultation: a licensed local pro will walk you through your numbers and your options, with no obligation.

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Typical 48235 range

$85K to $100K

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

-1.0% over 12 months

Sep 2025$93K

Low $89KHigh $93K

Sep 2026$92K

The numbers

What is the 48235 housing market like?

As of September 2026

Typical home value

$92K

1.0%YoY

Median list price

$129K

4.0%MoM

Days on market

6.9%MoM

Homes for sale

173

8.1%MoM

Price cuts

20.5%

27.8%MoM

New listings

18.4%MoM

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

The outlook

48235 housing market forecast 2027

+1.3%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 48235 to rise 1.3% by September 2027.

Over the 12 months through September 2026, typical home values in 48235 fell 1.0%, per the Zillow Home Value Index.

Will home prices drop in 48235?

Zillow's forecast does not call for a drop: it expects typical home values in 48235 to rise 1.3% by September 2027, after a 1.0% decline over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

Forecast: Zillow Home Value Forecast, published October 2026. A forecast, not a guarantee.

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The comparison

How do 48235 home prices compare?

48235$92,152
Detroit$86,511
Michigan$241,156
United States$285,347

Median Zillow home value (ZHVI), as of September 2026. Comparison levels are medians across every ZIP code with Zillow data (Detroit: 25 ZIPs; Michigan: 891 ZIPs; United States: 26,262 ZIPs).

Context

The 48235 market shows modest activity with 173 homes for sale and 62 new listings in September 2026. About one in five listings, specifically 20.5%, have seen price cuts. Median days on market sit at 62, indicating a measured sales pace. The typical home value decline of 1.0% over the past year reflects a cooling market. If you are thinking about selling, expect negotiations and prepare for a patient holding period.

Monthly payment

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Home price

Down payment20% · $18,430

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Common questions

What people ask us.

What is the typical home value in 48235?

The typical home value is $92,152, down 1.0% over the past year as of September 2026.

How long do homes typically stay on the market in 48235?

Homes take a median of 62 days to sell in this ZIP code as of September 2026.

What share of listings have price cuts in 48235?

As of September 2026, 20.5% of listings in 48235 have had a price cut.

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