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All market snapshots / 48238

Detroit, MI 48238 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: 0.10
ActiveActive listings: 8989PendingPending 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): $81k$81kSoldMedian sold price (last 6 months): $70k$70k
What homes actually sell for in Detroit, MI
Distribution of 178 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $35k to $128k
$20k to $42k: 49 sales49sales$20k$42k to $64k: 25 sales$64k to $87k: 24 sales$64k$87k to $109k: 8 sales$109k to $131k: 23 sales$109k$131k to $153k: 14 sales$153k to $175k: 13 sales$153k$175k to $197k: 4 salesMedian $70k

What the numbers say

As of September 14, 2026, Resideline is tracking 89 active listings and 9 pending sales in ZIP code 48238. That pending-to-active ratio of 0.10 points to a balanced market: buyers have room to compare options and negotiate.

The median asking price of current listings is $81,000, while the median of the 178 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. Resideline has been seeing the median active listing in 48238 for 85 days.

Frequently asked questions

What is the median home price in 48238?

The median closed sale price in Detroit, MI 48238 was $70,000 over the last six months, based on 178 closed sales tracked by Resideline. The middle half of those sales ranged from $35,000 to $128,284.

Is 48238 a buyer's or seller's market?

Resideline is currently tracking 9 pending sales against 89 active listings in 48238, a pending-to-active ratio of 0.10. 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, 48238 currently looks like a balanced market.

Nearby ZIP code market data

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