Home ValuePros

Market Intelligence · MI / Detroit

Detroit, MI 48238 Housing Market

The typical home value in Detroit's 48238 ZIP code is $55,726, down 5.3% over the past year. The median list price is $86,500, and homes are spending a median of 75 days on the market.

Updated August 2026Median value$56K

The median home value in Detroit, MI 48238 is $56K as of August 2026, down 5.3% 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.

Get a cash offer

Sell without the wait

Sell your Detroit home for cash.

A competitive, no-obligation cash offer from our institutional network. No repairs, no showings, close on your timeline. Most sellers get their cash offer within 24 hours.

Typical 48238 range

$51K to $60K

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.

Track my home's value

Asset monitoring

Track your home's value.

A free monthly briefing with your estimated value and 48238 market stats. Unsubscribe anytime.

See how a cash offer works citywide: Sell your house fast in Detroit, MI.

12-month value trend

-5.3% over 12 months

Typical home value in 48238 over the last 12 months: $59K in Aug 2025 to $56K in Aug 2026 (-5.3%).

Aug 2025$59K

Aug 2026$56K

The numbers

What is the 48238 housing market like?

Typical home value

$56K

Down5.3%YoY

Median list price

$87K

Up0.6%MoM

Days on market

75

Up10.3%MoM

Homes for sale

166

Down1.8%MoM

Price cuts

20.3%

Down2.3%MoM

New listings

40

Down4.8%MoM

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

Free home value report

See what your 48238 home is worth.

See your estimated value and a real cash offer, side by side. No obligation, about a minute.

The comparison

How do 48238 home prices compare?

  • 48238$55,726
  • 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

As of 2026-08-01, there are 166 homes for sale in 48238, with 40 new listings coming on the market. The median list price sits at $86,500, well above the typical home value of $55,726, which has fallen 5.3% over the past year. Homes take a median of 75 days to sell, and 20.3% of listings have taken a price cut. Buyers have room to negotiate here, and sellers should be prepared for a slower process. If you are selling, pricing close to what homes are actually worth matters more than aiming high.

Monthly payment

Estimate your monthly payment.

20% · $11,145

Common questions

What people ask us.

Discover

Nearby ZIP markets.

Keep reading

Guides for sellers.