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Art Center (Woodward) Boston - Edison New Center NW Goldberg Virginia Park Wayne State University (WSU)

DETROIT, MI 48202

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

Neighborhoods in ZIP 48202

Art Center (Woodward) · Boston - Edison · New Center · NW Goldberg · Virginia Park · Wayne State University (WSU)

Market Analysis

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

The DETROIT, MI real estate market (48202) currently shows 78 active listings, with 15 pending sales. Homes are averaging 62 days on the market before going under contract.

Inventory has increased compared to last year, with 3 more homes available — giving buyers more choice.

Homes are selling faster, averaging 62 days on market compared to 64 days last year.

The median listing price has fallen 14.2% year-over-year, from $269,999 to $231,750.

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

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

Market Overview

Active Listings
78
⇧ 4% vs 75 last year
Pending
15
19% pending ratio
Median Price
$231,750
⇩ 14.2% vs $269,999 last year
Average Price
$259,027
⇩ 16.8% vs $311,419 last year
Days on Market
62
⇩ 3.1% vs 64 days last year

Price Per Square Foot

Median $/sqft
$142
⇩ 9.6% vs $157/sqft last year
Median Home Size
1,764 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 78 this year vs 75 last year
  • Days on market: 62 now vs 64 last year

Median & Average Pricing

Year over Year
  • Median: $231,750 (-14.2% YoY)
  • Average: $259,027 (-16.8% 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 6.5 miles — 1,295 listings ($232,708,661 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
48202Detroit, MI 482020.0 mi68$16,716,032$232,450$245,824
48211Detroit, MI 482111.7 mi10$971,500$32,450$97,150
48201Detroit, MI 482012.1 mi43$30,088,046$444,800$699,722
48226Detroit, MI 482263.3 mi48$24,572,928$369,888$511,936
48204Detroit, MI 482043.4 mi109$10,115,200$85,500$92,800
48238Detroit, MI 482383.6 mi176$16,512,672$85,000$93,822
48207Detroit, MI 482073.9 mi101$21,211,919$182,500$210,019
48213Detroit, MI 482134.5 mi93$7,607,214$72,500$81,798
48221Detroit, MI 482215.2 mi209$42,169,512$184,500$201,768
48227Detroit, MI 482275.9 mi235$24,622,830$95,000$104,778
48215Detroit, MI 482156.3 mi51$9,606,105$138,400$188,355
48126Dearborn, MI 481266.4 mi41$10,590,423$264,950$258,303
48091Warren, MI 480916.5 mi111$17,924,280$151,450$161,480

Frequently Asked Questions

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

As of March 2026, there are 78 active listings in DETROIT, MI (zip code 48202), compared to 75 the prior year.

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

The median listing price in DETROIT, MI 48202 is $231,750 as of March 2026, a 14.2% decrease from $269,999 the prior year.

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

Homes in DETROIT, MI 48202 spend an average of 62 days on the market before going under contract, compared to 64 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 March 2026, DETROIT, MI 48202 is currently a Balanced Market. Inventory has increased compared to last year, with 3 more homes available — giving buyers more choice. Homes are selling faster, averaging 62 days on market compared to 64 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 $4,635 compared to a typical 5% commission on the median listing price of $231,750. 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.