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All market snapshots / 48228

Detroit, MI 48228 Housing Market

Data snapshot: July 18, 2026. Closed-sale window: last 6 months.
Detroit, MI inventory balance
Homes for sale vs homes under contract. Pending-to-active ratio: 0.89
ActiveActive listings: 3535PendingPending sales: 3131
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): $90k$90kSoldMedian sold price (last 6 months): $70k$70k
What homes actually sell for in Detroit, MI
Distribution of 366 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $50k to $98k
$24k to $39k: 47 sales$24k$39k to $55k: 53 sales$55k to $71k: 75 sales75sales$55k$71k to $87k: 48 sales$87k to $103k: 56 sales$87k$103k to $118k: 16 sales$118k to $134k: 19 sales$118k$134k to $150k: 14 salesMedian $70k

What the numbers say

As of July 18, 2026, Resideline is tracking 35 active listings and 31 pending sales in ZIP code 48228. That pending-to-active ratio of 0.89 points to a seller's market: buyers are absorbing inventory quickly relative to what is available.

The median asking price of current listings is $89,900, while the median of the 366 closed sales Resideline tracked over the last six months was $70,000. 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. The median active listing in 48228 has been on the market for 3 days.

Frequently asked questions

What is the median home price in 48228?

The median closed sale price in Detroit, MI 48228 was $70,000 over the last six months, based on 366 closed sales tracked by Resideline. The middle half of those sales ranged from $50,000 to $97,500.

Is 48228 a buyer's or seller's market?

Resideline is currently tracking 31 pending sales against 35 active listings in 48228, a pending-to-active ratio of 0.89. 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, 48228 currently looks like a seller's market.

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