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Boynton Electric Park Marion Manor Oaktown Heights

DETROIT, MI 48217

Real Estate Market Report
Seller's Market
March 2026  ·  Source: Realtor.com

Neighborhoods in ZIP 48217

Boynton · Electric Park · Marion Manor · Oaktown Heights

Market Analysis

Data as of March 2026. Source: Realtor.com.

The DETROIT, MI real estate market (48217) currently shows 8 active listings, with 5 pending sales. Homes are averaging 9 days on the market before going under contract.

Inventory has tightened compared to last year, with 6 fewer active listings — creating more competition among buyers.

Homes are selling faster, averaging 9 days on market compared to 30 days last year.

The median listing price has fallen 2.8% year-over-year, from $89,999 to $87,500.

Whether you are buying or selling in DETROIT, MI, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 6,660  ·  Density: 1,114.2/mi²  ·  Median household income: $45,870

Typical home value: $44,687  ·  Homeownership: 63.0%

Market Overview

Active Listings
8
⇩ 42.9% vs 14 last year
Pending
5
63% pending ratio
Median Price
$87,500
⇩ 2.8% vs $89,999 last year
Average Price
$94,937
⇧ 3.3% vs $91,891 last year
Days on Market
9
⇩ 70% vs 30 days last year

Price Per Square Foot

Median $/sqft
$92
⇧ 5.7% vs $87/sqft last year
Median Home Size
807 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 8 this year vs 14 last year
  • Days on market: 9 now vs 30 last year

Median & Average Pricing

Year over Year
  • Median: $87,500 (-2.8% YoY)
  • Average: $94,937 (+3.3% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 7.7 miles — 963 listings ($180,765,110 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
48217Detroit, MI 482170.0 mi8$668,792$80,500$83,599
48218River Rouge, MI 482181.3 mi44$5,071,176$113,750$115,254
48229Ecorse, MI 482292.1 mi34$3,437,842$99,225$101,113
48146Lincoln Park, MI 481462.8 mi107$16,856,566$157,450$157,538
48126Dearborn, MI 481264.0 mi41$10,590,423$264,950$258,303
48192Wyandotte, MI 481924.6 mi67$19,750,260$219,900$294,780
48216Detroit, MI 482165.1 mi19$6,183,341$266,250$325,439
48195Southgate, MI 481955.7 mi66$14,555,904$197,373$220,544
48204Detroit, MI 482046.1 mi109$10,115,200$85,500$92,800
48228Detroit, MI 482286.3 mi261$23,429,448$81,750$89,768
48201Detroit, MI 482016.8 mi43$30,088,046$444,800$699,722
48206Detroit, MI 482067.1 mi96$23,302,080$218,250$242,730
48202Detroit, MI 482027.7 mi68$16,716,032$232,450$245,824

Frequently Asked Questions

How many homes are for sale in DETROIT, MI 48217?

As of March 2026, there are 8 active listings in DETROIT, MI (zip code 48217), compared to 14 the prior year.

What is the median home price in DETROIT, MI 48217?

The median listing price in DETROIT, MI 48217 is $87,500 as of March 2026, a 2.8% decrease from $89,999 the prior year.

How long do homes stay on the market in DETROIT, MI?

Homes in DETROIT, MI 48217 spend an average of 9 days on the market before going under contract, compared to 30 days the prior year.

Is it a seller's or buyer's market in DETROIT, MI 48217?

Based on current inventory and days-on-market data as of March 2026, DETROIT, MI 48217 is currently a Seller's Market. Inventory has tightened compared to last year, with 6 fewer active listings — creating more competition among buyers. Homes are selling faster, averaging 9 days on market compared to 30 days last year.

How much can I save on real estate commission in DETROIT, MI?

With SELL123.com's maximum 3% commission, sellers in DETROIT, MI 48217 save an estimated $1,750 compared to a typical 5% commission on the median listing price of $87,500. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.