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All market snapshots / 48205

Detroit, MI 48205 Housing Market

Data snapshot: October 26, 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: 105105PendingPending 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): $69k$69kSoldMedian sold price (last 6 months): $60k$60k
What homes actually sell for in Detroit, MI
Distribution of 184 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $35k to $88k
$19k to $36k: 41 sales41sales$19k$36k to $52k: 25 sales$52k to $68k: 36 sales$52k$68k to $85k: 24 sales$85k to $102k: 20 sales$85k$102k to $118k: 9 sales$118k to $134k: 7 sales$118k$134k to $151k: 3 salesMedian $60k

What the numbers say

As of October 26, 2026, Resideline is tracking 105 active listings and 6 pending sales in ZIP code 48205. That pending-to-active ratio of 0.06 makes it a typical-pace market: listings are going under contract at about the pace of most ZIP codes Resideline tracks.

The median asking price of current listings is $69,000, while the median of the 184 closed sales Resideline tracked over the last six months was $59,500. 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 97 days.

Frequently asked questions

What is the median home price in 48205?

The median closed sale price in Detroit, MI 48205 was $59,500 over the last six months, based on 184 closed sales tracked by Resideline. The middle half of those sales ranged from $35,000 to $87,500.

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

Resideline is currently tracking 6 pending sales against 105 active listings in 48205, a pending-to-active ratio of 0.06. Resideline tracks a sample of pending sales, so the ratio is most useful as a comparison: across the 3,777 ZIP codes Resideline tracks, the middle half run from 0.05 to 0.11. A higher ratio means listings go under contract faster, which usually favors sellers; a lower one gives buyers more room. By that comparison, 48205 is currently a typical-pace market.

Nearby ZIP code market data

Full Detroit, MI housing market report →

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