Market Intelligence · MI / Highland Park

Highland Park, MI 48203 Housing Market

Homes in Highland Park, MI 48203 have a typical value of $59,426, down 9.1% over the past year. The median list price stands at $60,000, with homes staying on the market for a median of 59 days.

Updated August 2026Median value$60K

The median home value in Highland Park, MI 48203 is $60K as of August 2026, down 7.5% 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 48203 range

$55K to $65K

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

-7.5% over 12 months

Typical home value in 48203 over the last 12 months: $65K in Aug 2025 to $60K in Aug 2026 (-7.5%).

Aug 2025$65K

Aug 2026$60K

The numbers

What is the 48203 housing market like?

Typical home value

$60K

Down7.5%YoY

Median list price

$60K

Up0.9%MoM

Days on market

59

Up3.5%MoM

Homes for sale

118

Up5.4%MoM

Price cuts

15.4%

Down35.6%MoM

New listings

32

Up14.3%MoM

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

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The comparison

How do 48203 home prices compare?

  • 48203$60,169
  • Highland Park$60,169
  • 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 (Highland Park: 1 ZIPs; Michigan: 891 ZIPs; United States: 26,265 ZIPs).

Context

Highland Park's housing inventory shows 118 homes for sale as of August 2026, with 32 new listings entering the market. The median list price of $60,000 aligns closely with typical home values, though 15.4% of listings have already seen price reductions. At 59 days median time on market, homes are taking longer to sell. For sellers, this suggests a cautious market where pricing strategy and condition matter significantly.

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