Start Free
All market snapshots / 48224

Detroit, MI 48224 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: 0.11
ActiveActive listings: 123123PendingPending sales: 1414
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): $98k$98kSoldMedian sold price (last 6 months): $79k$79k
What homes actually sell for in Detroit, MI
Distribution of 290 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $53k to $150k
$25k to $50k: 57 sales$25k$50k to $76k: 68 sales68sales$76k to $102k: 36 sales$76k$102k to $127k: 23 sales$127k to $152k: 25 sales$127k$152k to $178k: 33 sales$178k to $204k: 18 sales$178k$204k to $229k: 4 salesMedian $79k

What the numbers say

As of October 26, 2026, Resideline is tracking 123 active listings and 14 pending sales in ZIP code 48224. That pending-to-active ratio of 0.11 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 $98,000, while the median of the 290 closed sales Resideline tracked over the last six months was $79,000. 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 87 days.

Frequently asked questions

What is the median home price in 48224?

The median closed sale price in Detroit, MI 48224 was $79,000 over the last six months, based on 290 closed sales tracked by Resideline. The middle half of those sales ranged from $53,000 to $150,000.

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

Resideline is currently tracking 14 pending sales against 123 active listings in 48224, a pending-to-active ratio of 0.11. 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, 48224 is currently a typical-pace market.

Nearby ZIP code market data

Full Detroit, MI housing market report →

Running a deal in 48224? Free tools: ARV calculator · rehab cost estimator · BRRRR calculator · wholesale calculator · MAO calculator · home appreciation calculator. One address: real estate deal analyzer · rent estimate by address

Run any 48224 address through Resideline
Free account. Includes 3 full property reports with comps, ARV and rent estimates.