Detroit, MI 48224 Housing Market
- Active listings30currently for sale
- Pending sales38under contract
- Median asking price$89,950current listings
- Inventory age3 daysmedian time the current active listings have been on the market
- Closed sales tracked (6 mo)341a tracked sample, not a market total
- Median sold price$84,900last 6 months
- Middle half of sold prices$55k to $143k25th to 75th percentile
What the numbers say
As of July 18, 2026, Resideline is tracking 30 active listings and 38 pending sales in ZIP code 48224. That pending-to-active ratio of 1.27 points to a seller's market: buyers are absorbing inventory quickly relative to what is available.
The median asking price of current listings is $89,950, while the median of the 341 closed sales Resideline tracked over the last six months was $84,900. 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. The median active listing in 48224 has been on the market for 3 days.
Frequently asked questions
What is the median home price in 48224?
The median closed sale price in Detroit, MI 48224 was $84,900 over the last six months, based on 341 closed sales tracked by Resideline. The middle half of those sales ranged from $55,000 to $143,000.
Is 48224 a buyer's or seller's market?
Resideline is currently tracking 38 pending sales against 30 active listings in 48224, a pending-to-active ratio of 1.27. 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, 48224 currently looks like a seller's market.