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Detroit, MI 48235 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: 0.12
ActiveActive listings: 7474PendingPending 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): $120k$120kSoldMedian sold price (last 6 months): $100k$100k
What homes actually sell for in Detroit, MI
Distribution of 233 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $62k to $147k
$25k to $49k: 26 sales$25k$49k to $72k: 36 sales36sales$72k to $96k: 33 sales$72k$96k to $120k: 33 sales$120k to $144k: 31 sales$120k$144k to $168k: 26 sales$168k to $191k: 15 sales$168k$191k to $215k: 9 salesMedian $100k

What the numbers say

As of October 26, 2026, Resideline is tracking 74 active listings and 9 pending sales in ZIP code 48235. That pending-to-active ratio of 0.12 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 $119,999, while the median of the 233 closed sales Resideline tracked over the last six months was $100,000. 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 48235 for 74 days.

Frequently asked questions

What is the median home price in 48235?

The median closed sale price in Detroit, MI 48235 was $100,000 over the last six months, based on 233 closed sales tracked by Resideline. The middle half of those sales ranged from $62,500 to $146,692.

Is 48235 a buyer's or seller's market?

Resideline is currently tracking 9 pending sales against 74 active listings in 48235, a pending-to-active ratio of 0.12. 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, 48235 is currently a typical-pace market.

Nearby ZIP code market data

Full Detroit, MI housing market report →

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