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Detroit, MI 48227 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: 0.11
ActiveActive listings: 9292PendingPending sales: 1010
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): $69k$69k
What homes actually sell for in Detroit, MI
Distribution of 249 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $48k to $103k
$24k to $43k: 41 sales$24k$43k to $63k: 52 sales52sales$63k to $82k: 51 sales$63k$82k to $102k: 30 sales$102k to $122k: 19 sales$102k$122k to $141k: 14 sales$141k to $161k: 9 sales$141k$161k to $180k: 9 salesMedian $69k

What the numbers say

As of October 5, 2026, Resideline is tracking 92 active listings and 10 pending sales in ZIP code 48227. That pending-to-active ratio of 0.11 points to a balanced market: buyers have room to compare options and negotiate.

The median asking price of current listings is $100,000, while the median of the 249 closed sales Resideline tracked over the last six months was $69,000. 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 48227 for 73 days.

Frequently asked questions

What is the median home price in 48227?

The median closed sale price in Detroit, MI 48227 was $69,000 over the last six months, based on 249 closed sales tracked by Resideline. The middle half of those sales ranged from $47,900 to $103,000.

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

Resideline is currently tracking 10 pending sales against 92 active listings in 48227, a pending-to-active ratio of 0.11. 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 →

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