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All market snapshots / 48221

Detroit, MI 48221 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: 0.14
ActiveActive listings: 8787PendingPending sales: 1212
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): $112k$112kSoldMedian sold price (last 6 months): $170k$170k
What homes actually sell for in Detroit, MI
Distribution of 256 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $106k to $240k
$42k to $101k: 50 sales$42k$101k to $160k: 59 sales59sales$160k to $219k: 58 sales$160k$219k to $278k: 28 sales$278k to $338k: 18 sales$278k$338k to $397k: 9 sales$397k to $456k: 5 sales$397k$456k to $515k: 4 salesMedian $170k

What the numbers say

As of September 14, 2026, Resideline is tracking 87 active listings and 12 pending sales in ZIP code 48221. That pending-to-active ratio of 0.14 points to a balanced market: buyers have room to compare options and negotiate.

The median asking price of current listings is $112,000, while the median of the 256 closed sales Resideline tracked over the last six months was $170,000. 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 48221 for 65 days.

Frequently asked questions

What is the median home price in 48221?

The median closed sale price in Detroit, MI 48221 was $170,000 over the last six months, based on 256 closed sales tracked by Resideline. The middle half of those sales ranged from $106,500 to $240,000.

Is 48221 a buyer's or seller's market?

Resideline is currently tracking 12 pending sales against 87 active listings in 48221, a pending-to-active ratio of 0.14. 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, 48221 currently looks like a balanced market.

Nearby ZIP code market data

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