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DETROIT, MI 48202

Real Estate Market Report  ·  Wayne County
Balanced Market
January 2026  ·  Source: Realtor.com

Market Overview

Active Listings
70
⇩ 5.4% vs 74 last year
Pending
9
13% pending ratio
Median Price
$235,000
⇩ 11.7% vs $266,000 last year
Average Price
$244,691
⇩ 31.1% vs $355,074 last year
Days on Market
89
⇧ 25.4% vs 71 days last year

Market Context

Population: 14,617  ·  Density: 1,683.9/mi²  ·  Median household income: $34,244

Typical home value: $184,266  ·  Homeownership: 29.3%

Market Analysis

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

The DETROIT, MI real estate market (48202) currently shows 70 active listings, with 9 pending sales. Homes are averaging 89 days on the market before going under contract.

Inventory has tightened compared to last year, with 4 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 89 days on market compared to 71 days last year.

The median listing price has fallen 11.7% year-over-year, from $266,000 to $235,000.

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 Trends

Inventory & Days on Market

Year over Year
  • Listings: 70 this year vs 74 last year
  • Days on market: 89 now vs 71 last year

Median & Average Pricing

Year over Year
  • Median: $235,000 (-11.7% YoY)
  • Average: $244,691 (-31.1% 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

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 6.5 miles — 1,316 listings ($229,334,534 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
48202Detroit, MI 482020.0 mi70$17,128,370$235,000$244,691
48211Detroit, MI 482111.7 mi10$1,326,200$47,450$132,620
48201Detroit, MI 482012.1 mi40$26,907,560$439,900$672,689
48226Detroit, MI 482263.3 mi41$22,027,045$374,850$537,245
48204Detroit, MI 482043.4 mi117$10,837,359$85,250$92,627
48238Detroit, MI 482383.6 mi182$16,963,674$81,950$93,207
48207Detroit, MI 482073.9 mi92$19,534,912$185,000$212,336
48213Detroit, MI 482134.5 mi103$8,518,512$78,000$82,704
48221Detroit, MI 482215.2 mi214$41,616,366$175,000$194,469
48227Detroit, MI 482275.9 mi250$25,865,750$95,000$103,463
48215Detroit, MI 482156.3 mi52$9,340,448$132,000$179,624
48126Dearborn, MI 481266.4 mi42$11,904,186$269,775$283,433
48091Warren, MI 480916.5 mi103$17,364,152$165,500$168,584

Frequently Asked Questions

How many homes are for sale in DETROIT, MI 48202?

As of January 2026, there are 70 active listings in DETROIT, MI (zip code 48202), compared to 74 the prior year.

What is the median home price in DETROIT, MI 48202?

The median listing price in DETROIT, MI 48202 is $235,000 as of January 2026, a 11.7% decrease from $266,000 the prior year.

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

Homes in DETROIT, MI 48202 spend an average of 89 days on the market before going under contract, compared to 71 days the prior year.

Is it a seller's or buyer's market in DETROIT, MI 48202?

Based on current inventory and days-on-market data as of January 2026, DETROIT, MI 48202 is currently a Balanced Market. Inventory has tightened compared to last year, with 4 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 89 days on market compared to 71 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 48202 save an estimated $4,700 compared to a typical 5% commission on the median listing price of $235,000. 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.