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Eastern Market Elmwood Forest Park Islandview Lafayette Park McDougall-Hunt Poletown East Warehouse District Waterfront

DETROIT, MI 48207

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

Neighborhoods in ZIP 48207

Eastern Market · Elmwood · Forest Park · Islandview · Lafayette Park · McDougall-Hunt · Poletown East · Warehouse District · Waterfront

Market Analysis

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

The DETROIT, MI real estate market (48207) currently shows 100 active listings, with 25 pending sales. Homes are averaging 72 days on the market before going under contract.

Inventory has tightened compared to last year, with 9 fewer active listings — creating more competition among buyers.

Homes are selling faster, averaging 72 days on market compared to 101 days last year.

The median listing price has risen 7% year-over-year, from $172,400 to $184,495.

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: 20,577  ·  Density: 1,261.5/mi²  ·  Median household income: $43,960

Typical home value: $138,744  ·  Homeownership: 28.1%

Market Overview

Active Listings
100
⇩ 8.3% vs 109 last year
Pending
25
25% pending ratio
Median Price
$184,495
⇧ 7% vs $172,400 last year
Average Price
$214,449
⇧ 17.2% vs $183,002 last year
Days on Market
72
⇩ 28.7% vs 101 days last year

Price Per Square Foot

Median $/sqft
$152
⇧ 3.4% vs $147/sqft last year
Median Home Size
1,198 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 100 this year vs 109 last year
  • Days on market: 72 now vs 101 last year

Median & Average Pricing

Year over Year
  • Median: $184,495 (+7% YoY)
  • Average: $214,449 (+17.2% 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 8.5 miles — 1,376 listings ($232,732,945 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
48207Detroit, MI 482070.0 mi101$21,211,919$182,500$210,019
48226Detroit, MI 482262.3 mi48$24,572,928$369,888$511,936
48211Detroit, MI 482113.0 mi10$971,500$32,450$97,150
48213Detroit, MI 482133.6 mi93$7,607,214$72,500$81,798
48202Detroit, MI 482023.9 mi68$16,716,032$232,450$245,824
48212Hamtramck, MI 482124.9 mi59$10,073,306$181,000$170,734
48206Detroit, MI 482065.3 mi96$23,302,080$218,250$242,730
48234Detroit, MI 482346.0 mi148$11,470,888$75,000$77,506
48205Detroit, MI 482056.1 mi239$18,308,356$75,000$76,604
48204Detroit, MI 482046.8 mi109$10,115,200$85,500$92,800
48238Detroit, MI 482387.5 mi176$16,512,672$85,000$93,822
48236Grosse Pointe, MI 482367.9 mi84$50,043,420$396,725$595,755
48089Warren, MI 480898.5 mi145$21,827,430$138,720$150,534

Frequently Asked Questions

How many homes are for sale in DETROIT, MI 48207?

As of March 2026, there are 100 active listings in DETROIT, MI (zip code 48207), compared to 109 the prior year.

What is the median home price in DETROIT, MI 48207?

The median listing price in DETROIT, MI 48207 is $184,495 as of March 2026, a 7% increase from $172,400 the prior year.

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

Homes in DETROIT, MI 48207 spend an average of 72 days on the market before going under contract, compared to 101 days the prior year.

Is it a seller's or buyer's market in DETROIT, MI 48207?

Based on current inventory and days-on-market data as of March 2026, DETROIT, MI 48207 is currently a Seller's Market. Inventory has tightened compared to last year, with 9 fewer active listings — creating more competition among buyers. Homes are selling faster, averaging 72 days on market compared to 101 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 48207 save an estimated $3,690 compared to a typical 5% commission on the median listing price of $184,495. 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.