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Chaldean Town Hazel Park Herman W Meinke (Herman W Meinke Subdivision) Mayfield Gardens Palmer Woods Sherwood Forest State Fair Grounds Stormfeltz (Stormfeltz-lovely Co Woodward)

HIGHLAND PARK, MI 48203

Real Estate Market Report  ·  Wayne County
Buyer's Market
April 2026  ·  Source: Realtor.com

Neighborhoods in ZIP 48203

Chaldean Town · Hazel Park · Herman W Meinke (Herman W Meinke Subdivision) · Mayfield Gardens · Palmer Woods · Sherwood Forest · State Fair Grounds · Stormfeltz (Stormfeltz-lovely Co Woodward)

Market Analysis

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

The HIGHLAND PARK, MI real estate market (48203) currently shows 120 active listings, with 26 pending sales. Homes are averaging 79 days on the market before going under contract.

Inventory has increased compared to last year, with 22 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 79 days on market compared to 61 days last year.

The median listing price has fallen 27.5% year-over-year, from $97,000 to $70,350.

Whether you are buying or selling in HIGHLAND PARK, 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: 20,584  ·  Density: 967.9/mi²  ·  Median household income: $34,610

Typical home value: $71,053  ·  Homeownership: 47.1%

Market Overview

Active Listings
120
⇧ 22.4% vs 98 last year
Pending
26
22% pending ratio
Median Price
$70,350
⇩ 27.5% vs $97,000 last year
Average Price
$183,026
⇩ 29.1% vs $258,152 last year
Days on Market
79
⇧ 29.5% vs 61 days last year

Price Per Square Foot

Median $/sqft
$61
⇩ 19.7% vs $76/sqft last year
Median Home Size
1,354 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 120 this year vs 98 last year
  • Days on market: 79 now vs 61 last year

Median & Average Pricing

Year over Year
  • Median: $70,350 (-27.5% YoY)
  • Average: $183,026 (-29.1% 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
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 6.3 miles — 1,009 listings ($192,327,970 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
48203Highland Park, MI 482030.0 mi124$23,151,916$67,250$186,709
48212Hamtramck, MI 482122.5 mi59$10,073,306$181,000$170,734
48030Hazel Park, MI 480302.8 mi75$15,204,300$187,900$202,724
48206Detroit, MI 482063.2 mi96$23,302,080$218,250$242,730
48202Detroit, MI 482023.5 mi68$16,716,032$232,450$245,824
48211Detroit, MI 482114.0 mi10$971,500$32,450$97,150
48204Detroit, MI 482044.4 mi109$10,115,200$85,500$92,800
48237Oak Park, MI 482375.0 mi78$18,535,608$233,450$237,636
48208Detroit, MI 482085.1 mi41$8,311,233$215,925$202,713
48070Huntington Woods, MI 480705.3 mi8$4,354,984$445,000$544,373
48201Detroit, MI 482015.6 mi43$30,088,046$444,800$699,722
48071Madison Heights, MI 480715.9 mi59$13,195,409$210,000$223,651
48205Detroit, MI 482056.3 mi239$18,308,356$75,000$76,604

Frequently Asked Questions

How many homes are for sale in HIGHLAND PARK, MI 48203?

As of April 2026, there are 120 active listings in HIGHLAND PARK, MI (zip code 48203), compared to 98 the prior year.

What is the median home price in HIGHLAND PARK, MI 48203?

The median listing price in HIGHLAND PARK, MI 48203 is $70,350 as of April 2026, a 27.5% decrease from $97,000 the prior year.

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

Homes in HIGHLAND PARK, MI 48203 spend an average of 79 days on the market before going under contract, compared to 61 days the prior year.

Is it a seller's or buyer's market in HIGHLAND PARK, MI 48203?

Based on current inventory and days-on-market data as of April 2026, HIGHLAND PARK, MI 48203 is currently a Buyer's Market. Inventory has increased compared to last year, with 22 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 79 days on market compared to 61 days last year.

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

With SELL123.com's maximum 3% commission, sellers in HIGHLAND PARK, MI 48203 save an estimated $1,407 compared to a typical 5% commission on the median listing price of $70,350. 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.