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Boston - Edison LaSalle Gardens Petrosky-Otesgo Russell Woods Virginia Park

DETROIT, MI 48206

Real Estate Market Report
Balanced Market
September 2026  ·  Source: Realtor.com

Neighborhoods in ZIP 48206

Boston - Edison · LaSalle Gardens · Petrosky-Otesgo · Russell Woods · Virginia Park

Market Analysis

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

The DETROIT, MI real estate market (48206) currently shows 121 active listings, with 24 pending sales. Homes are averaging 51 days on the market before going under contract.

Inventory has increased compared to last year, with 6 more homes available — giving buyers more choice.

Homes are selling faster, averaging 51 days on market compared to 53 days last year.

The median listing price has fallen 9.3% year-over-year, from $223,200 to $202,450.

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Market Context

Market Context

Population: 16,011  ·  Density: 1,997.8/mi²  ·  Median household income: $36,641

Typical home value: $91,379  ·  Homeownership: 50.1%

Market Overview

Active Listings
121
⇧ 5.2% vs 115 last year
Pending
24
20% pending ratio
Median Price
$202,450
⇩ 9.3% vs $223,200 last year
Average Price
$270,694
⇧ 12.3% vs $241,106 last year
Days on Market
51
⇩ 3.8% vs 53 days last year

Price Per Square Foot

Median $/sqft
$101
⇩ 4.7% vs $106/sqft last year
Median Home Size
2,021 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 121 this year vs 115 last year
  • Days on market: 51 now vs 53 last year

Median & Average Pricing

Year over Year
  • Median: $202,450 (-9.3% YoY)
  • Average: $270,694 (+12.3% 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 6.2 miles — 1,258 listings ($224,450,227 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
48206Detroit, MI 482060.0 mi96$23,302,080$218,250$242,730
48204Detroit, MI 482041.9 mi109$10,115,200$85,500$92,800
48238Detroit, MI 482382.3 mi176$16,512,672$85,000$93,822
48201Detroit, MI 482013.1 mi43$30,088,046$444,800$699,722
48203Highland Park, MI 482033.2 mi124$23,151,916$67,250$186,709
48216Detroit, MI 482163.7 mi19$6,183,341$266,250$325,439
48226Detroit, MI 482264.2 mi48$24,572,928$369,888$511,936
48209Detroit, MI 482094.8 mi24$4,740,912$187,450$197,538
48234Detroit, MI 482345.2 mi148$11,470,888$75,000$77,506
48235Detroit, MI 482355.7 mi223$29,777,636$129,425$133,532
48120Dearborn, MI 481205.8 mi6$1,665,948$283,975$277,658
48213Detroit, MI 482135.9 mi93$7,607,214$72,500$81,798
48214Detroit, MI 482146.2 mi149$35,261,446$155,925$236,654

Frequently Asked Questions

How many homes are for sale in DETROIT, MI 48206?

As of September 2026, there are 121 active listings in DETROIT, MI (zip code 48206), compared to 115 the prior year.

What is the median home price in DETROIT, MI 48206?

The median listing price in DETROIT, MI 48206 is $202,450 as of September 2026, a 9.3% decrease from $223,200 the prior year.

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

Homes in DETROIT, MI 48206 spend an average of 51 days on the market before going under contract, compared to 53 days the prior year.

Is it a seller's or buyer's market in DETROIT, MI 48206?

Based on current inventory and days-on-market data as of September 2026, DETROIT, MI 48206 is currently a Balanced Market. Inventory has increased compared to last year, with 6 more homes available — giving buyers more choice. Homes are selling faster, averaging 51 days on market compared to 53 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 48206 save an estimated $4,049 compared to a typical 5% commission on the median listing price of $202,450. 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.