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Detroit, MI 48227 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: 0.09
ActiveActive listings: 104104PendingPending sales: 99
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): $100k$100kSoldMedian sold price (last 6 months): $70k$70k
What homes actually sell for in Detroit, MI
Distribution of 219 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $50k to $103k
$24k to $43k: 33 sales$24k$43k to $63k: 46 sales46sales$63k to $82k: 46 sales$63k$82k to $102k: 29 sales$102k to $121k: 15 sales$102k$121k to $141k: 14 sales$141k to $160k: 9 sales$141k$160k to $180k: 6 salesMedian $70k

What the numbers say

As of October 26, 2026, Resideline is tracking 104 active listings and 9 pending sales in ZIP code 48227. That pending-to-active ratio of 0.09 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 $100,000, while the median of the 219 closed sales Resideline tracked over the last six months was $69,900. 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. Resideline has been seeing the median active listing in 48227 for 82 days.

Frequently asked questions

What is the median home price in 48227?

The median closed sale price in Detroit, MI 48227 was $69,900 over the last six months, based on 219 closed sales tracked by Resideline. The middle half of those sales ranged from $50,000 to $103,000.

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

Resideline is currently tracking 9 pending sales against 104 active listings in 48227, a pending-to-active ratio of 0.09. 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, 48227 is currently a typical-pace market.

Nearby ZIP code market data

Full Detroit, MI housing market report →

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