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All market snapshots / 48205

Detroit, MI 48205 Housing Market

Data snapshot: October 5, 2026. Closed-sale window: last 6 months.
Detroit, MI inventory balance
Homes for sale vs homes under contract. Pending-to-active ratio: 0.06
ActiveActive listings: 103103PendingPending sales: 66
Detroit, MI: what sellers ask vs what buyers pay
Median asking price of current listings vs median closed sale price over the last six months
AskingMedian asking price (current listings): $75k$75kSoldMedian sold price (last 6 months): $60k$60k
What homes actually sell for in Detroit, MI
Distribution of 203 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $32k to $84k
$20k to $36k: 47 sales47sales$20k$36k to $51k: 24 sales$51k to $67k: 42 sales$51k$67k to $82k: 28 sales$82k to $98k: 17 sales$82k$98k to $114k: 9 sales$114k to $129k: 12 sales$114k$129k to $145k: 3 salesMedian $60k

What the numbers say

As of October 5, 2026, Resideline is tracking 103 active listings and 6 pending sales in ZIP code 48205. That pending-to-active ratio of 0.06 points to a balanced market: buyers have room to compare options and negotiate.

The median asking price of current listings is $74,900, while the median of the 203 closed sales Resideline tracked over the last six months was $60,000. Those two figures describe different sets of homes, so any gap between them reflects the mix of what is listed now versus what recently sold, not a negotiating discount. Resideline has been seeing the median active listing in 48205 for 76 days.

Frequently asked questions

What is the median home price in 48205?

The median closed sale price in Detroit, MI 48205 was $60,000 over the last six months, based on 203 closed sales tracked by Resideline. The middle half of those sales ranged from $32,500 to $84,000.

Is 48205 a buyer's or seller's market?

Resideline is currently tracking 6 pending sales against 103 active listings in 48205, a pending-to-active ratio of 0.06. Ratios of 0.6 or higher usually indicate a seller's market, 0.35 to 0.6 a competitive market, and lower values a more balanced one. By that yardstick, 48205 currently looks like a balanced market.

Nearby ZIP code market data

Full Detroit, MI housing market report →

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