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All market snapshots / 48234

Detroit, MI 48234 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: 0.11
ActiveActive listings: 5656PendingPending sales: 66
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): $70k$70kSoldMedian sold price (last 6 months): $56k$56k
What homes actually sell for in Detroit, MI
Distribution of 152 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $40k to $90k
$20k to $36k: 27 sales$20k$36k to $52k: 35 sales35sales$52k to $69k: 23 sales$52k$69k to $85k: 14 sales$85k to $101k: 22 sales$85k$101k to $117k: 12 sales$117k to $134k: 3 sales$117k$134k to $150k: 2 salesMedian $56k

What the numbers say

As of September 14, 2026, Resideline is tracking 56 active listings and 6 pending sales in ZIP code 48234. 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 $70,000, while the median of the 152 closed sales Resideline tracked over the last six months was $56,000. 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 48234 for 57 days.

Frequently asked questions

What is the median home price in 48234?

The median closed sale price in Detroit, MI 48234 was $56,000 over the last six months, based on 152 closed sales tracked by Resideline. The middle half of those sales ranged from $40,000 to $90,000.

Is 48234 a buyer's or seller's market?

Resideline is currently tracking 6 pending sales against 56 active listings in 48234, 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, 48234 currently looks like a balanced market.

Nearby ZIP code market data

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