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All market snapshots / 48205

Detroit, MI 48205 Housing Market

Data snapshot: September 14, 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: 9797PendingPending 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): $70k$70kSoldMedian sold price (last 6 months): $60k$60k
What homes actually sell for in Detroit, MI
Distribution of 218 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $38k to $82k
$20k to $34k: 40 sales$20k$34k to $49k: 21 sales$49k to $63k: 52 sales52sales$49k$63k to $78k: 34 sales$78k to $92k: 24 sales$78k$92k to $106k: 9 sales$106k to $121k: 10 sales$106k$121k to $135k: 7 salesMedian $60k

What the numbers say

As of September 14, 2026, Resideline is tracking 97 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 $69,900, while the median of the 218 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 62 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 218 closed sales tracked by Resideline. The middle half of those sales ranged from $38,000 to $82,000.

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

Resideline is currently tracking 6 pending sales against 97 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

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