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DETROIT, MI 48207

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

Market Overview

Active Listings
92
⇩ 16.4% vs 110 last year
Pending
17
18% pending ratio
Median Price
$185,000
⇧ 5% vs $176,150 last year
Average Price
$212,336
⇧ 5.4% vs $201,403 last year
Days on Market
100
⇧ 19% vs 84 days last year

Market Context

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

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

Market Analysis

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

The DETROIT, MI real estate market (48207) currently shows 92 active listings, with 17 pending sales. Homes are averaging 100 days on the market before going under contract.

Inventory has tightened compared to last year, with 18 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 100 days on market compared to 84 days last year.

The median listing price has risen 5% year-over-year, from $176,150 to $185,000.

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: 92 this year vs 110 last year
  • Days on market: 100 now vs 84 last year

Median & Average Pricing

Year over Year
  • Median: $185,000 (+5% YoY)
  • Average: $212,336 (+5.4% 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 8.5 miles — 1,388 listings ($231,537,429 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
48207Detroit, MI 482070.0 mi92$19,534,912$185,000$212,336
48226Detroit, MI 482262.3 mi41$22,027,045$374,850$537,245
48211Detroit, MI 482113.0 mi10$1,326,200$47,450$132,620
48213Detroit, MI 482133.6 mi103$8,518,512$78,000$82,704
48202Detroit, MI 482023.9 mi70$17,128,370$235,000$244,691
48212Hamtramck, MI 482124.9 mi60$10,381,560$180,000$173,026
48206Detroit, MI 482065.3 mi104$23,225,384$199,999$223,321
48234Detroit, MI 482346.0 mi155$11,945,850$72,340$77,070
48205Detroit, MI 482056.1 mi237$17,993,988$75,000$75,924
48204Detroit, MI 482046.8 mi117$10,837,359$85,250$92,627
48238Detroit, MI 482387.5 mi182$16,963,674$81,950$93,207
48236Grosse Pointe, MI 482367.9 mi87$51,982,065$399,500$597,495
48089Warren, MI 480898.5 mi130$19,672,510$139,900$151,327

Frequently Asked Questions

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

As of January 2026, there are 92 active listings in DETROIT, MI (zip code 48207), compared to 110 the prior year.

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

The median listing price in DETROIT, MI 48207 is $185,000 as of January 2026, a 5% increase from $176,150 the prior year.

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

Homes in DETROIT, MI 48207 spend an average of 100 days on the market before going under contract, compared to 84 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 January 2026, DETROIT, MI 48207 is currently a Balanced Market. Inventory has tightened compared to last year, with 18 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 100 days on market compared to 84 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 $3,700 compared to a typical 5% commission on the median listing price of $185,000. 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.