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All market snapshots / 48224

Detroit, MI 48224 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: 0.08
ActiveActive listings: 132132PendingPending sales: 1111
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): $96k$96kSoldMedian sold price (last 6 months): $80k$80k
What homes actually sell for in Detroit, MI
Distribution of 311 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $55k to $150k
$26k to $51k: 52 sales$26k$51k to $77k: 80 sales80sales$77k to $102k: 37 sales$77k$102k to $128k: 24 sales$128k to $153k: 32 sales$128k$153k to $178k: 33 sales$178k to $204k: 17 sales$178k$204k to $229k: 5 salesMedian $80k

What the numbers say

As of October 5, 2026, Resideline is tracking 132 active listings and 11 pending sales in ZIP code 48224. That pending-to-active ratio of 0.08 points to a balanced market: buyers have room to compare options and negotiate.

The median asking price of current listings is $96,500, while the median of the 311 closed sales Resideline tracked over the last six months was $80,000. 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 48224 for 76 days.

Frequently asked questions

What is the median home price in 48224?

The median closed sale price in Detroit, MI 48224 was $80,000 over the last six months, based on 311 closed sales tracked by Resideline. The middle half of those sales ranged from $55,000 to $150,000.

Is 48224 a buyer's or seller's market?

Resideline is currently tracking 11 pending sales against 132 active listings in 48224, a pending-to-active ratio of 0.08. 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 balanced market.

Nearby ZIP code market data

Full Detroit, MI housing market report →

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