Start Free
All market snapshots / 48227

Detroit, MI 48227 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: 0.09
ActiveActive listings: 8787PendingPending sales: 88
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): $80k$80kSoldMedian sold price (last 6 months): $68k$68k
What homes actually sell for in Detroit, MI
Distribution of 245 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $50k to $106k
$24k to $43k: 35 sales$24k$43k to $63k: 53 sales53sales$63k to $82k: 52 sales$63k$82k to $102k: 29 sales$102k to $122k: 17 sales$102k$122k to $141k: 15 sales$141k to $161k: 11 sales$141k$161k to $180k: 9 salesMedian $68k

What the numbers say

As of September 14, 2026, Resideline is tracking 87 active listings and 8 pending sales in ZIP code 48227. That pending-to-active ratio of 0.09 points to a balanced market: buyers have room to compare options and negotiate.

The median asking price of current listings is $79,900, while the median of the 245 closed sales Resideline tracked over the last six months was $68,500. 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 48227 for 64 days.

Frequently asked questions

What is the median home price in 48227?

The median closed sale price in Detroit, MI 48227 was $68,500 over the last six months, based on 245 closed sales tracked by Resideline. The middle half of those sales ranged from $50,000 to $106,000.

Is 48227 a buyer's or seller's market?

Resideline is currently tracking 8 pending sales against 87 active listings in 48227, a pending-to-active ratio of 0.09. 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, 48227 currently looks like a balanced market.

Nearby ZIP code market data

Full Detroit, MI housing market report →
Run any 48227 address through Resideline
Free account. Includes 3 full property reports with comps, ARV and rent estimates.