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Market Intelligence · MI / Highland Park

Highland Park, MI 48203 Housing Market

The typical home value in Highland Park, MI 48203 is $60,415 as of September 2026, down 6.6% over the past year. The median list price stands at $59,925, and homes spend a median of 70 days on the market.

Updated September 2026Median value$60K

The median home value in Highland Park, MI 48203 is $60K as of September 2026, down 6.6% 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 48203 range

$56K 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

-6.6% over 12 months

Typical home value in 48203 over the last 12 months: $65K in Sep 2025 to $60K in Sep 2026 (-6.6%).

Sep 2025$65K

Sep 2026$60K

The numbers

What is the 48203 housing market like?

Typical home value

$60K

Down6.6%YoY

Median list price

$60K

Down0.1%MoM

Days on market

70

Up18.6%MoM

Homes for sale

127

Up7.6%MoM

Price cuts

30.0%

Up94.9%MoM

New listings

28

Down12.5%MoM

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

The outlook

48203 housing market forecast 2027

+1.0%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 48203 to rise 1.0% by September 2027.

Over the 12 months through September 2026, typical home values in 48203 fell 6.6%, per the Zillow Home Value Index.

Will home prices drop in 48203?

Zillow's forecast does not call for a drop: it expects typical home values in 48203 to rise 1.0% by September 2027, after a 6.6% 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 48203 home prices compare?

  • 48203$60,415
  • Highland Park$60,415
  • 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 (Highland Park: 1 ZIP; Michigan: 891 ZIPs; United States: 26,262 ZIPs).

Context

As of September 2026, Highland Park has 127 homes for sale, with 28 new listings hitting the market. The median list price is $59,925, and the typical home value of $60,415 has fallen 6.6% over the past year. Homes are taking a median of 70 days to sell, and 30.0% of listings have taken a price cut. That points to a slow, softening market where buyers have room to negotiate. For a seller, realistic pricing from the start matters more than testing the market high.

Monthly payment

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20% · $12,083

Common questions

What people ask us.

How much is a home in 48203 worth?

The typical home value in Highland Park, MI 48203 is $60,415 as of September 2026, down 6.6% over the past year.

How long do homes take to sell in 48203?

Homes in Highland Park spend a median of 70 days on the market as of September 2026.

Are sellers cutting prices in 48203?

Yes. As of September 2026, 30.0% of listings in Highland Park have had a price cut, while the median list price sits at $59,925.

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